• Germany edition
Business & Money
Reporters get a first look at the electric Trabant NT prototype. Photo: DPA

Frankfurt motor show hopes for boost from electric cars

Published: 15 Sep 09 16:16 CET
Online: http://www.thelocal.de/money/20090915-21943.html

Frankfurt's 63rd motor show is a compact version of the last event two years ago that will be jumpstarted by electric autos as the sector searches for a future without state lifelines.

The event, known by its initials IAA, opens to the public on Thursday with fewer participants and visitors but more world premieres, the German VDA auto federation said this week.

"Innovation is the way out of the crisis" that global automakers have been in since last year, said Matthias Wissmann, head of the German VDA auto federation that organises the show in alternance with one in Paris.

Click here for The Local's photo gallery of cars featured at the IAA.

A total of 781 auto and auto parts manufacturers from 30 countries are to present around 100 new models, VDA said Monday.

The sector is abuzz about electric vehicles (EVs) being developed by major auto makers, and cross-border cooperation is another hot topic of discussion.

In the background, western European car sales have fallen by 11 percent in the first half of 2009 according to the European Automobile Manufacturers' Association, despite hefty government subsidy schemes.

Major markets in Germany, Britain, Italy, France and Spain have been spared the worst owing to "cash-for-clunkers" programmes that encouraged drivers to scrap old cars for new ones, but the boost they gave will peter out in 2010.

In terms of visitors, the Frankfurt show expects around 750,000 people to turn up, compared with almost one million two years ago.

"There will be claims that the end of the crisis is in sight, but in truth the sector is in grave danger," warned the Süddeutsche Zeitung newspaper as key Japanese brands like Honda and Mitsubishi bowed out of the show.

Wissmann nonetheless insisted that the number of new items would see this year's edition "gain in quality" despite the lower numbers.

Many manufacturers plan to present EVs or hybrid vehicles that run on petrol and electricity.

Among the eagerly awaited roll-outs are one from BMW's Mini unit and a four-auto range from city cars to utility models by Renault-Nissan.

"Electric vehicles will be seen on almost every stand," German auto expert Ferdinand Dudenhöffer forecast.

Fuel-cell and hybrid vehicles from Mercedes, Peugeot and Toyota are getting polished up for opening day as well.

Sector experts will be looking meanwhile for automaker plans to boost joint efforts in a bid to bring down development costs, with former and current rivals possibly unveiling alliances.

Among the flashy high-end premieres, Audi, BMW and Mercedes have new models ready to roar, not to mention Ferrari's latest rocket, the 458 Italia.

AFP (news@thelocal.de)

What do you think? Leave your comment below.

Fark It! Digg This  Share everywhere
Send to a friend Printable version Twitter This

Your comments about this article:

ADD YOUR COMMENT   (YOU MUST LOG IN OR REGISTER TO MAKE A COMMENT)
Business & Money headlines
Photo: DPA

Court caps Jewish ghetto pension claims

Some 22,000 Jewish people confined to ghettos under the Nazis during World War II are entitled to smaller pension payments than they initially claimed, a German federal court ruled Tuesday. READ (2 COMMENTS) »

Photo: Tapete website

Rapper on dole faces benefit cut for lyrics

An unemployed Berlin rapper calling himself Tapete has landed in hot water for rapping about living off the state after his job centre discovered his lyrics online. He now faces losing his welfare benefit. READ (7 COMMENTS) »

Photo: DPA

Industrial orders rise amid eurozone gloom

Germany, the eurozone's biggest economy, saw the release of further favourable economic data on Monday with industrial orders in December partly reversing steep falls seen the previous month. READ »

Photo: DPA

Former spy boss moves to Deutsche Bank

Ernst Uhrlau, former head of Germany’s foreign intelligence agency the BND, has been on the payroll of Germany’s biggest bank since the start of February, just two months after his retirement. READ (2 COMMENTS) »

Photo: DPA

China offers Merkel some comfort for Europe

China's Premier Wen Jiabao said a stable Europe was key to stability at home, in comments published Sunday, at the end of a week that saw Germany's chancellor visit Beijing. READ (8 COMMENTS) »

Photo: DPA

China doesn't want to 'buy Europe'

As German Chancellor Angela Merkel wrapped up her visit to China on Friday, the Asian giant’s leaders promised they had no intention to "buy Europe," amid concerns over growing Chinese investment in debt-stricken eurozone economies. READ (6 COMMENTS) »

Photo: DPA

Deutsche Bank profits fall as debt crisis bites

Deutsche Bank, Germany's biggest bank reported Thursday a bigger-than-expected drop in earnings at the end of last year as the eurozone sovereign debt crisis hurt business. READ »

Photo: DPA

Euro crisis, earthquakes slam Munich Re profits

Munich Re, the world's biggest reinsurer, said Thursday that profits plummeted last year due to heavy losses from both the eurozone debt crisis and a string of natural catastrophes. READ »

Photo: DPA

Will Bionade fizz go flat after Dr Oetker takeover?

Trendy German soft drink maker Bionade could lose its cult cachet after being bought out by un-hip food giant Dr Oetker, a firm best known for cake mixes and frozen pizzas. READ (1 COMMENT) »

Photo: DPA

EU blocks Deutsche Börse merger with NYSE

Deutsche Börse, which runs the Frankfurt stock market, said Wednesday that the EU Commission in Brussels had told it that its planned merger with NYSE Euronext has been blocked. READ »

More Business & Money

See all ads | Join the Marketplace

Jobs in Germany, in English

1073 jobs available
681 new jobs this week
0 new jobs today

ALL JOBS »

Latest Business & Money news from Sweden
News from the Goethe-Institut
News from DeutschlandOnline

Toytown Germany
Germany's English-speaking crowd
English-speaking educators (native level)

Hotel reservations in Berlin
Visiting Berlin anytime soon? Book your hotel in Berlin here.
Rental apartments in Berlin
For home-from-home holiday accommodation, search for a Berlin apartment to rent.
Trade CFDs with InterTrader.com
Start trading shares, equities, forex, etc. No commission on equities; Low min. margins. Apply for a CFDs account now!