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    AUTOMOBILE INVESTMENT: THE CASE STUDY OF GERMAN ECONOMY GROWTH
    (2022) Hannah Halima Adams
    The paper examines the current state and trends of the German economy over the past twenty years. It has been revealed that Germany is one of the most developed countries in Europe, showing high rates of economic dynamics and successes in international economic relations. The automotive industry has a great reputation. Cars “Made in Germany” are synonymous with quality and sophisticated engineering processes worldwide. Furthermore, the industry is an important driver of prosperity and innovation in Europe. In 2019, companies from the automotive sector generated record sales of €435.3 billion which amounts to 20% of the total German industry revenue. This means that automotive represents the largest industry sector in Germany. Industry experts claim that the driving force for this development was the strong growth of the Chinese market in the past years. The industry has always been an attractive employer. The German automotive sector consists of almost 900 companies that have employed over 833,000 people in 2019. The calculations of the need for investment resources are given, the organizational and legal form of the created enterprise is substantiated, as well as the calculations of the main indicators that made it possible to evaluate the investment attractiveness of the proposed project. Automotive investment grows year after year, and demand for them grows rapidly, but there is no proper system at the time, therefore developing a smart modern automobile industry service is a very good concept under such conditions. Germany is a global powerhouse in technology and engineering, but it falls behind in digital transformation. Access to high-speed broadband networks, particularly in rural regions, could be increased. Mobile data consumption is relatively low, as are connection speeds.