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“The battle is not yet lost. But we have to swim against the tide.” Dietmar Schäfer, the chairman of the ARGE Automotive Supplier Industry, is concerned about the competitiveness of this key domestic industry.
The disadvantages would become more pronounced compared to the USA and Asia. This is shown by a study by the Industrial Science Institute (IWI) for this supplier industry. The aim is to “prevent Austrian companies from having to relocate production and, on the other hand, to improve the framework conditions so that companies invest in the country and thus innovation and added value do not flow away,” said study author Herwig Schneider when presenting the work.
According to the study, China, Great Britain, Canada and the USA have expanded their funding regimes in recent years and are investing large sums in building new supply chains or expanding battery capacity. “Clusters were a massive advantage, but such developed networks now also exist elsewhere,” says Schneider. The EU’s political guidelines, which lack openness to technology, would also be restrictive. Accordingly, better framework conditions are required.
The supplier industry is “one of Austria’s key industrial sectors,” said Schneider. According to the study, the industry in Austria generates sales of 28.5 billion euros. More than 81,000 jobs are directly attributable to the automotive supply industry, and 200,000 jobs are indirectly linked to the automotive suppliers.
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Source: Nachrichten
