Thuringia's Economics Minister Wolfgang Tiefensee (SPD) believes that the transformation of the automotive industry is at risk if the federal government restricts its financial support. He referred to support for transformation networks and hubs, for example. "Cutting funding in these areas now due to the current budget situation would send out fatal signals," explained Tiefensee at the "Actively shaping regional transformation" forum in Leipzig on Monday. Instead, the automotive industry needs these sustainable investments in order to maintain its "economic appeal".
According to the information provided, the automotive industry is one of the most important economic sectors in Thuringia. It is attributed 700 companies with more than 66,000 employees and a turnover of 9.3 billion euros. It is therefore extremely important that the transformation is crowned with success.
The two-day forum in Leipzig is a joint event organized by the federal ministries of economics and the states of Saxony and Thuringia. It focuses on the opportunities and challenges of the transformation of the automotive and supplier industry. The program included presentations, discussion panels and workshops.
