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Germany Trounces France In Two Key Categories: Cars And Jobs

Tyler Durden's picture




 

Germany and France have a long and illustrious history of "competing" with each other, sometimes peacefully, sometime not. More importantly, the two countries are, incorrectly, considered to represent the stability "core" of the Eurozone. And perhaps that is somewhat true in the context of all the other peripheral European nations, where things are so bad we have run out of adjectives to describe the plight of the people and the economic collapse. Yet, at least according to two metrics: jobs and cars - when it comes to the endless Germany vs France match there is no contest.

From Bloomberg:

German carmakers are faring better than their French rivals as European demand for new vehicles drops. Sales of Volkswagen, BMW and Mercedes Benz cars dropped an average 6.9 percent in December year-on-year, compared with an average 20.8 percent slump for Renault, Peugeot and Citroen. BMW grew 4 percent on the year. Volkswagen plans to invest about 16.7 billion euros a year through 2015. That contrasts with Peugeot which shed assets and cut jobs by 9,500 in 2012.

An index of labor costs for Germany at 107.9 was 7.5 points below the figure for France, according to the OECD, showing the former is more competitive after curtailing wage growth in the early years of the euro. The average unit wage cost for Air Berlin and  Deutsche Lufthansa was 14.8 in the third quarter, compared with 26.2 for Air France, a separate gauge of labor costs compiled by Bloomberg shows. The German unemployment rate was 5.4 percent in November while the French rate was 10.5 percent.

 

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Thu, 01/31/2013 - 09:08 | 3201992 LawsofPhysics
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Europe is almost conquered, next up, north America.  The red sheild is doing just fine...

Thu, 01/31/2013 - 09:20 | 3202012 GetZeeGold
GetZeeGold's picture

 

 

Cue up the next Pravda Op-Ed.

 

Guys we've already tried that.....trust us.....it doesn't work.

Thu, 01/31/2013 - 11:28 | 3202426 trav777
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Germany didn't try to import half of Nigeria and pretend they were just tanned germans

Thu, 01/31/2013 - 14:05 | 3203088 Nussi34
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Category 3: Dick size!

Thu, 01/31/2013 - 09:18 | 3202014 Sudden Debt
Sudden Debt's picture

WELCOME DEAR CONQUERORS!!!!

now let's talk business... as you conquered the place it's only normal that you refill the pension saving accounts, balance the state budgets and lower all taxes.

but before you do that...

MI CASA EST SU CASA AND THE CLOSETS ARE FILLED WITH BILLS!!

Thu, 01/31/2013 - 09:38 | 3202053 richard in norway
richard in norway's picture

What that chart is showing is that the  high volume low margin market is collapsing while the luxury market is trerding water. Germany makes more luxury cars than france. But with all the qe money flowing to wealthy people and the resulting inflation hitting the bottom end hardest we really aint surprised

Thu, 01/31/2013 - 09:41 | 3202060 LawsofPhysics
LawsofPhysics's picture

bingo.  In addition, princeton eCONomists don't "see" any inflation either.  The 1 % is doing just fine.  I wonder if France still remembers how to make guillotines?

Thu, 01/31/2013 - 10:15 | 3202160 Voice_Of_Unreason
Voice_Of_Unreason's picture

If you've ever employed a French person or driven a French car, you'd understand!

Thu, 01/31/2013 - 09:08 | 3201993 Popo
Popo's picture

Meanwhile Europe attempts to repeal freedom of the press.

http://www.telegraph.co.uk/news/uknews/leveson-inquiry/9817625/Leveson-E...

Thu, 01/31/2013 - 09:21 | 3202022 EscapeKey
EscapeKey's picture

In other news - bureaucrats don't like being held to account.

Next up - elimination of what little transparency exists. Oh and capital controls. Lots and lots of capital controls (with notable exceptions, of course, but you'll never find out as the new laws will be considered "national secrets").

Thu, 01/31/2013 - 09:54 | 3202089 Winston Churchill
Winston Churchill's picture

Try going into a US bank and wiring money overseas.

New Treasury reporting form,requirin TIN number and purpose of paynent, on any amount.

The noose id tightening

Thu, 01/31/2013 - 09:22 | 3202023 Sudden Debt
Sudden Debt's picture

nobody reads the press and skips right through to the funny pages...

the only reason why people buy newspapers is because they use it to peel their potatoes on and use it as a starter for the fireplace...

Thu, 01/31/2013 - 09:57 | 3202095 DOT
DOT's picture

People can be funny- like reading the comments before (or instead of) the article !

Thu, 01/31/2013 - 09:12 | 3201996 Headbanger
Headbanger's picture

Bring back the Deux Chevaux! 

Thu, 01/31/2013 - 09:14 | 3202003 Byte Me
Byte Me's picture

Sooner than you think.

One horse left, one on the right. More likely, they'll have to eat the horses first.

Thu, 01/31/2013 - 09:19 | 3202018 Headbanger
Headbanger's picture

Deux Chevaux burgers!!    I kid you not

 

http://www.readersdigest.ca/food/recipes/main-courses/deux-chevaux-burgers

 

 

Thu, 01/31/2013 - 09:25 | 3202029 machineh
machineh's picture

New 2CV is the Deux Souris -- two mice pulling a pumpkin.

Be home before midnight, cherie!

Thu, 01/31/2013 - 09:13 | 3201997 Byte Me
Byte Me's picture

Oh.

Stabilitee you can beieve in?

Thu, 01/31/2013 - 09:15 | 3202006 Sudden Debt
Sudden Debt's picture

FRENCH CARS!!!

THEY GET YOU FROM POINT A TO B!!!

if point A is your driveway and point B is the workshop and the distance is no more than 5 miles...

Thu, 01/31/2013 - 09:22 | 3202026 edb5s
edb5s's picture

Fix it again...Thierry?

Thu, 01/31/2013 - 09:18 | 3202007 Monedas
Monedas's picture

"Yeah, but more unemployed Frogs get laid in the glut of Kraut cars !"  .... Monedas  1929   Comedy Jihad Sophisticated Humour World Tour 

Thu, 01/31/2013 - 09:33 | 3202046 Monedas
Monedas's picture

These Democrats are snake bit with the curse of Jimmy Carter !

Thu, 01/31/2013 - 11:13 | 3202372 Canucklehead
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Here is an ABC News story, via the Wayback Machine:

http://web.archive.org/web/20121230101752/http://abcnews.go.com/Internat...

Thu, 01/31/2013 - 09:21 | 3202020 ApollyonDestroy
ApollyonDestroy's picture

Psh Obama don't need no stinking cars and jobs

Thu, 01/31/2013 - 09:22 | 3202021 Racer
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Hmm, and I wonder why the top end cars haven't fallen... could it be that the 0.1% are doing pretty nicely compared to the rest of us?

Thu, 01/31/2013 - 09:23 | 3202025 GetZeeGold
GetZeeGold's picture

 

 

Hmm, and I wonder why the top end cars haven't fallen

 

Because everyone in DC drives a BMW. Except for the interns...they all drive KIAs. They're still stylish and reasonably priced.

Thu, 01/31/2013 - 09:23 | 3202028 youngman
youngman's picture

GM is talking about building cars with Peugot......that smells Frenchy..Govt car and Govt car

Thu, 01/31/2013 - 09:30 | 3202040 mayhem_korner
mayhem_korner's picture

 

 

Sounds like a recipe to challenge for worst car ever. 

Speaking of which, didn't Renault and AMC have a joint-venture at one point?  I'm imagining a hunter-green Matador or Gremlin powered by one of those French "engines." 

Thu, 01/31/2013 - 09:31 | 3202044 Sudden Debt
Sudden Debt's picture

hhhmmm...

Cars... that combine the American style fuel consumption... and French HighTech...

let me think about that one...

WHOEHAHAHAHAHAHAHAHAHAHHAHAHAHAHHAHAHAHAHAHA!!!

Thu, 01/31/2013 - 09:25 | 3202030 mayhem_korner
mayhem_korner's picture

 

 

What about the all-important red wine, crepes, and PED-laced bike races?  Who's winning those battles, eh?

Thu, 01/31/2013 - 09:31 | 3202041 Sudden Debt
Sudden Debt's picture

Maybe France should just make a one ounce plattinum trillion dollar coin,

SELL IT TO THE US FOR ONLY 500 BILLION AND TA TAAaa!!

france would have 500 billion

Obama would have another 500 billion to make it through the month because he only paid 500 billion for a trillion dollar coin

AND THE INVESTMENT COST WOULD BE NO MORE THAN A FEW THOUSAND BUCKS!!

 

Thu, 01/31/2013 - 09:33 | 3202047 mckee
mckee's picture

Three catagories.... Germany is not bankrupt.

 

yet

Thu, 01/31/2013 - 09:36 | 3202048 mckee
mckee's picture

delete?

Thu, 01/31/2013 - 09:49 | 3202049 Monedas
Monedas's picture

Bring back the Panhard .... now, that was a car !  I remember Dad's 1958 4 dr, unibody, 50 hp, 2 cyl opposed, FWD, air cooled, 4 on the tree, chiffon yellow Panhard !  It had great plastic upholstery and accessories !  NO FLOOR HUMP ! It sounded like a CV2 with authority and snare drum roll ! The French were ahead of their time !

Thu, 01/31/2013 - 09:45 | 3202050 AssFire
AssFire's picture

If Europe was America

Germany would be Texas

I hope they both secede.

Thu, 01/31/2013 - 10:28 | 3202208 SmallerGovNow2
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I don't know who would junk you for saying such a thing.  Maybe MDB is in the house.  +1 from me...

Thu, 01/31/2013 - 09:43 | 3202057 knukles
knukles's picture

FrBBAnce
Outlook negative due to silly dismissive arrogant demeanor and body odor

Thu, 01/31/2013 - 09:42 | 3202058 forwardho
forwardho's picture

Envy leads to anger.

Anger leads to hate.

Hate leads to...

Travel to far down this road and the way is lost.

Thu, 01/31/2013 - 09:44 | 3202062 knukles
knukles's picture

Surrender

Thu, 01/31/2013 - 09:51 | 3202080 GetZeeGold
GetZeeGold's picture

 

 

Envy leads to anger.

Anger leads to hate.

Hate leads to...

 

.....the progressive republicans and democrats. Embrace the dark side.

Thu, 01/31/2013 - 10:07 | 3202118 DOT
DOT's picture

Forward !

Thu, 01/31/2013 - 12:59 | 3202836 spankfish
spankfish's picture

I always thought it was cheese eating surrender monkeys?

 

Thu, 01/31/2013 - 09:59 | 3202098 orangegeek
orangegeek's picture

Europe still on that socialist kick - all the way to the bottom.

The Road to Serfdom is the Mein Kampf of the socialist mentality - it's their playbook.

Thu, 01/31/2013 - 10:24 | 3202193 W74
W74's picture

Something tells me that the German numbers are the actual numbers and although they got bad in the early '00s can we assume they were reported correctly?

Something also tells me that the French government is just as crooked as the US is and that their economic clowns are just as intent on fudging the truth as our are. 

Thu, 01/31/2013 - 10:25 | 3202198 From Germany Wi...
From Germany With Love's picture

Headlines here in Germany today: Rising unemployment. If we add a million in unemployment in Germany, the political will to live up to its pedges will have eroded.

ESM and Draghi's put are all smokes and mirrors. If it came to actual payments or inflation, Germans would rebel. It's all a mirage to acquiesce (read: fool) investors.

Thu, 01/31/2013 - 10:45 | 3202277 Stuck on Zero
Stuck on Zero's picture

Amazing.  BMW produces trendy pieces of shit that consume $10K in parts and repairs every year after the warranty expires.

 

Thu, 01/31/2013 - 11:17 | 3202379 post turtle saver
post turtle saver's picture

no kidding... "BMW" means "Bring More Wrenches" and the work needed will invariably "Break My Wallet"

Thu, 01/31/2013 - 12:56 | 3202793 eurogold
eurogold's picture

Please! lets not even compare Build-Quality of American vs. German cars.... OK?

American cars are very disappointing!

I was in Florida this month and I  just "had to rent" .... for 2 weeks, what I thought would be a 

"dream car".

It was a 2013 Camaro convertible with a big V6 or V8.

Oh yeah with 3020 Miles on it from Herz.

What a piece of "new" junk.

 

Fri, 02/01/2013 - 00:12 | 3205121 post turtle saver
post turtle saver's picture

... which is built on the Zeta 2 platform out of Australia. Which shows what you know about "American" cars. That would be jack all.

Thu, 01/31/2013 - 12:25 | 3202685 steve from virginia
steve from virginia's picture

 

 

Let me guess ... this is the 'Virtuous Germany', 'Corrupt (socialist) France' article or what?

 

Net-energy negative effects the most vulnerable first, the mercantile states can survive if their customers have some wealth remaining to steal. That wealth can be pawned to gain some of the remaining fuel supply.

 

Of course, when it's gone, it's gone forever ... the wealth, that is.

 

People don't understand that their BMW is what is cooking their economy's goose ... their Peugeot or Renault simply cooks it faster.

 

 

Thu, 01/31/2013 - 14:05 | 3203092 Nussi34
Nussi34's picture

I would rather walk than drive a French "car"!

Thu, 01/31/2013 - 14:15 | 3203125 Lord Of Finance
Lord Of Finance's picture

'Germany's feelin' allright, gettin' no downgrades

 

 Their futures so bright,

 

 They gotta wear shades'

Thu, 01/31/2013 - 15:22 | 3203458 DaveA
DaveA's picture

What a coincidence. Germany is the only developed nation with an unemployment rate below 6%, and the only developed nation with no minimum wage. Over 3 million Germans earn less than 7 €/hr and 1.5 million earn less than 5 €/hr. In any other country these people would be permanently unemployed, for one does not acquire job skills worth 10 €/hr by sitting at home or attending some bullshit "job training" program.

The most effective way to create jobs is not having laws that prevent people from getting jobs.

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