Looking at the automatic sector for new talent as Germany’s Color Libra
A leopard 2 tank gear transmission in the Renk AG plant in Augsburg, Germany, May 8, 2023 in Germany.
Bloomberg | Bloomberg | Getty pictures
Tank parts manufacturer Color As a result of increasing geopolitical tensions and increased military spending, it is due to the rising and increasing fuel growth from the auto sector.
Germany has passed early this year Historical financial package This allowed a steep increase in the possibility of defense spending in Europe’s largest economy. The 27 member state bloc expands the efforts of the war in the war in Ukraine and the increasingly tense transatlantic security partnership.
Colorone of the defense firms with a global leader in creating gear boxes for tanks saw the stock rallies behind the growing military spending. Its stock price this year has risen more than 300% this year and its order book skipped 164% 549 million euros ($ 622.3 million) in the first quarter.
Defense companies such as color, color to demand the tempo Hensoldt, Rheinmetall It is increasingly cooperating with the automotive industry. This is historically one of Germany’s most important economic columns, but is a sector facing great difficulties Competition from China and US tariffs due to the slow economy of the country.
For color, this cross-industrial cooperation consists mainly from the automotive industry, CEO Alexander Sagel and the main operating officer Emmerich Schiller’s previous experience in this sector.
Earlier, Sagel had positions in Rheinmetall and Daimler, called Mercedes-Benz Group AG, and Schiller worked in various management roles in Mercedes-AMG GmbH.
In an exclusive interview of the German headquarters in Augsburg, the CEO Sagel, the Tank-Parus supplier has said that a number of applicants from the automotive industry are a number of applicants and such experts.
Schiller, “We are really looking for engineers who can adapt to our industry and adapt to our sector, and this is really looking for engineers who bring the car engines in the car, which is really looking for quality.”
Opportunity to ‘kill two birds with a stone’
A branch of Germany’s largest trade union, IG Metallic Lower Saxony, CNBC, said that this was the work of defensive companies that targeted opportunities for German carmakers and manufacturers.
“These developments occur in the background of two parallel dynamics: the automotive industry is a deep transformation process (keywords) – the concepts of electrification, digitalization, defense budget,” said Email
There are two industrial and businesses, IG Metall, but a “unilateral policy policy focus”, based on a short time, but our goal should be a continuous peace, “the press secretary said.
One Deutsche Bank Note Analysts taking place by Adrian Cox from March is an overview of Europe’s auto industry, especially in Germany, this is already at risk. When the defense sector remains “Subscale”, auto-factories are empty, the analysts said that experienced automatic workers can benefit the defense industry as “serial production and greater profitability.”
“Germany (Germany) has a historic opportunity to kill two birds with a stone,” said analysts, “he said.
“The German automotive industry is already talking to the adjacent sectors,” “German Automotive Industry (VDA) Press Secretary of the German Automotive Industry (VDA) told CNBC.
“Unlike the industry, Germany is no longer competing in international levels,” he said: “He welcomes something that welcomes Germany as a production place to create growth, prosperity and jobs in Germany.”
Automotive Passages, Monica Schnitzer, Chairman of the Council of Economic Specialists, CNBC’s Squawk Box told Europe “We have to seize the” chance on Tuesday.
Given the guarantee of the construction of the auto industry, these employees will be “need another place,” and therefore, it simplifies the transition to another company to another company, “he said.
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