After the explosion of Tianjin Port, most German car companies suffered heavy losses. It is reported that the current car companies have begun to carry out loss accounting with insurance companies, and plan to deal with the plan.
After the explosion in Tianjin Port, Volkswagen Group transferred all import and export transportation in the Chinese market to Shanghai and Guangzhou ports. A public spokesman announced in Wolfsburg on Monday: "So far, everything has returned to normal operation." The leader of the European market, Volkswagen Group, has previously released information: The Volkswagen Group in the Tianjin Port explosion suffered heavy losses, and about 2,700 imported cars, including the Beetle and Touareg, were damaged or destroyed. The Volkswagen Group's gearbox factory in Tianjin is 20 kilometers away from the explosion site. “Production is unaffected and everything is normal,†a spokesman for the public said.
Audi has not been able to confirm the loss due to the impact of BMW According to the information released by Audi, Audi was not affected by this serious explosion in Tianjin Port. The damage of BMW is still to be verified. Tianjin Port is an important transshipment site for German vehicles to import Chinese vehicles. Audi spokesperson Andrea Seltmann announced on Monday that Audi's transfer warehouse in Tianjin Port is five kilometers away from the incident. According to the current situation, no damage was found to these vehicles. BMW claims that the situation of the BMW in the Tianjin Port Distribution Center is still to be confirmed, as the area of ​​the distribution center is currently not allowed to enter. But all BMW employees are safe.
Insurance estimates: billions of losses Since the bombings, the insurance industry has not released specific information on the amount of losses. Allianz, the largest insurance company in Europe, claims that although it was also affected by the explosion, only limited disaster reports have been received so far. On Monday, Allianz announced in Munich that it would not cause too much economic pressure. "We don't think that the operation of our company will carry an excessive burden on the event," the Allianz spokesperson said. But it is still too early to make a concrete estimate.
The Swiss financial news agency AWP reported that the direct loss of the explosion should be billions of euros. The AWP report quoted a Credit Suisse analyst as saying that according to current media reports, the total insurance loss is estimated to be between $1 billion and $1.5 billion. However, the Swiss Insurance Group and the Zurich Insurance Group claimed that it is not yet time to make an estimate. The German insurance company Munich Insurance also holds the same view.
The late night explosion in Tianjin Port killed more than 100 people and may release toxic gases. The import and export business of the German auto industry is undoubtedly affected, but how to deal with specific auto manufacturers, how to plan in the future, and how insurance companies can make compensation, we must wait patiently for the right time to evaluate.
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