The Chancellor predicts possible destruction of the German automotive industry

Recently German Chancellor Angela Merkel gave an interviewin which he said that in the foreseeable future, the German car manufacturers can cause serious problems with the consumer. And the reason for this may be China's auto industry.

The opinion of German Chancellor, it seems, in fact, reflects the General picture of Affairs on the global automotive market. The competition among famous brands at the moment is very large. However, one should not forget that Chinese automakers are not standing still. They are very hard to develop their production, introduce new technology and train staff.

Of course, today the quality of German cars at a high level, but every year the Chinese cars are becoming more competitive. Also do not forget about the cost of the machines.

According to Merkel, remains a matter of time when Chinese cars will be about the same as German, and take the lion's share of the global consumer. But that would not prevent the Chancellor proposes to gather together manuals automotive companies and discuss the situation. She also added that the main reason for the success of Chinese manufacturers is that they are actively buying startups that provide new technological developments. Well, one reason is cheap labor in China.