It is only a year ago that the German luxury car makers – together with their suppliers, including aluminium foundries – were in the depths of their worst crisis. Today, though, in summer 2010, the fortunes of the automotive industry have revived. The German aluminium foundries are also benefiting from the strong orders from the vehicle makers and are set to post significant growth in 2010.
One of the key factors driving the growth is the Asian market. In the first five months the Chinese automotive market has grown by more than half, while in India business has increased by almost a third. The US market is also recovering; sales of light vehicles rose by just under 17 percent in the first half of 2010.