Operating financial sustainability in the German car industry: a new approach

IF 6.3 2区工程技术 Q1 ECONOMICS

Transport Policy Pub Date : 2025-09-03 DOI:10.1016/j.tranpol.2025.103791

Mihai Mutascu , Ana-Cristina Nicolescu

引用次数: 0

Abstract

This study investigates the operating financial sustainability of the German car industry, focusing on ten large listed firms in the motor vehicle manufacturing sector. The empirical part is based on Autoregressive Distributed Lag (ARDL) panel models, over 2010–2023.

A key finding confirms the operating financial sustainability of the German car industry, evidenced by the existence of a long-run equilibrium relationship between operating revenues and costs. They mutually influence each other. Revenues exhibit higher responsiveness to economic shocks, adapting swiftly through pricing, scaling or demand-driven strategies. Costs are more rigid due to contractual and structural constraints. Notably, the COVID-19 pandemic marked a turning point, reinforcing the need for revenue adaptability and operational efficiency.

These insights offer a comprehensive understanding of the cost-revenue dynamics that underpin the long-term financial sustainability of the German automotive sector.

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德国汽车工业经营财务可持续性：一种新方法

本研究调查了德国汽车行业的经营财务可持续性，重点研究了汽车制造业的十家大型上市公司。实证部分基于自回归分布滞后（ARDL）面板模型，时间跨度为2010-2023年。一项重要的发现证实了德国汽车工业的运营财务可持续性，证明了运营收入和成本之间存在长期均衡关系。它们相互影响。收入对经济冲击表现出更高的反应能力，通过定价、规模或需求驱动战略迅速适应。由于合同和结构上的限制，成本更为严格。值得注意的是，2019冠状病毒病大流行标志着一个转折点，加强了对收入适应性和运营效率的需求。这些见解提供了对成本收入动态的全面理解，这些动态支撑着德国汽车行业的长期财务可持续性。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Transport Policy Multiple-

CiteScore

12.10

自引率

10.30%

发文量

282

期刊介绍： Transport Policy is an international journal aimed at bridging the gap between theory and practice in transport. Its subject areas reflect the concerns of policymakers in government, industry, voluntary organisations and the public at large, providing independent, original and rigorous analysis to understand how policy decisions have been taken, monitor their effects, and suggest how they may be improved. The journal treats the transport sector comprehensively, and in the context of other sectors including energy, housing, industry and planning. All modes are covered: land, sea and air; road and rail; public and private; motorised and non-motorised; passenger and freight.