Mechanical engineering exports to the USA"Made in Germany" not damaged
According to the VDMA, German mechanical engineering companies are optimistic: despite the VW emissions scandal, they expect more business with the USA, the partner country of the 2016 Hannover Messe, in 2016. However, the VDMA warns against too much euphoria.
... a clear majority of mechanical engineering companies operating in the USA are expecting rising sales. According to the survey, three out of four German mechanical engineering companies are confident that they will be able to do more business on the other side of the Atlantic this year. This confidence is also reflected in their investment plans: just under 60% of the companies surveyed plan to invest in the USA in the next three years. Around half of these amounts are earmarked for the development and expansion of production and assembly. But the ...