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Germany’s industry was doomed as soon as the US acted on its plans to replace cheap Russian gas delivered reliably via pipeline with expensive US LNG delivered

Germany’s industry was doomed as soon as the US acted on its plans to replace cheap Russian gas delivered reliably via pipeline with expensive US LNG delivered via ships.

mytailorisrich 3y ago
This is not relevant to the car industry. The whole European car industry is suffering and worried because they have been slow to get into EV. European industry also seems to have been very slow to get into batteries and solar panels. Meanwhile, China saw it coming and went all in as they did before, e.g. with 4G and 5G. This has allowed them to leapfrog the established players.
- miguelazo 3y ago
  How is a massive increase in energy costs not relevant to the car industry, or anyone else operating equipment? I agree that the Chinese were much wiser in terms of their product planning, but to say energy costs are "not relevant" is absurd.
  - mytailorisrich 3y ago
    Chinese are "invading" the European market because they executed better not because of recent fluctuations in gas prices, which is indeed by and large quite irrelevant to this problem.
- pauldenton 3y ago
  The cost of energy in Germany has everything to do with the car industry and industrial Manafacturing. As does the state of international trade when it comes to selling those goods
  - mytailorisrich 3y ago
    The opening paragraph of the article, which is about "For decades, the phrase “Made in Germany” signaled cutting-edge automotive technology and design. But now German automakers are falling behind in the global race to produce more electric vehicles, and some executives are using a new catchphrase to describe how quickly they need to catch up: “China speed.”" This has nothing to do with recent fluctuations in energy prices. Of course the price of energy impacts manufacturing. But it is not key when it comes to EV and incoming competition from Chinese brands. In China itself, where German car manufacturers had moved very early and had a significant market share, the shift to EV is leaving German manufacturers in the dust. In the UK, companies have tended to blame everything on Brexit to hide their shortcomings. I feel there's a bit of that rhetoric but using energy prices here.

Germany’s industry was doomed as soon as the US acted on its plans to replace cheap Russian gas delivered reliably via pipeline with expensive US LNG delivered via ships.

mytailorisrich 3y ago

This is not relevant to the car industry. The whole European car industry is suffering and worried because they have been slow to get into EV. European industry also seems to have been very slow to get into batteries and solar panels. Meanwhile, China saw it coming and went all in as they did before, e.g. with 4G and 5G. This has allowed them to leapfrog the established players.

miguelazo 3y ago
How is a massive increase in energy costs not relevant to the car industry, or anyone else operating equipment? I agree that the Chinese were much wiser in terms of their product planning, but to say energy costs are "not relevant" is absurd.
- mytailorisrich 3y ago
  Chinese are "invading" the European market because they executed better not because of recent fluctuations in gas prices, which is indeed by and large quite irrelevant to this problem.
pauldenton 3y ago
The cost of energy in Germany has everything to do with the car industry and industrial Manafacturing. As does the state of international trade when it comes to selling those goods
- mytailorisrich 3y ago
  The opening paragraph of the article, which is about "For decades, the phrase “Made in Germany” signaled cutting-edge automotive technology and design. But now German automakers are falling behind in the global race to produce more electric vehicles, and some executives are using a new catchphrase to describe how quickly they need to catch up: “China speed.”" This has nothing to do with recent fluctuations in energy prices. Of course the price of energy impacts manufacturing. But it is not key when it comes to EV and incoming competition from Chinese brands. In China itself, where German car manufacturers had moved very early and had a significant market share, the shift to EV is leaving German manufacturers in the dust. In the UK, companies have tended to blame everything on Brexit to hide their shortcomings. I feel there's a bit of that rhetoric but using energy prices here.