Category: Money

Home / Category: Money

Driving and insuring cars in Switzerland

September 15, 2018 | Money | No Comments

Switzerland has around 8.08 million inhabitants. Statistically more than half of them own a car. In Switzerland, around 4.4 million cars are registered – with a total of around 5.9 million trucks and other vehicles. It can be said that the engine in Switzerland is very strong, but not as strong as seen in relation to Germany. Switzerland also has fewer problems with traffic jams. Building sites on highways trying to reduce within a short time again. Car insurance must also be completed in Switzerland. The liability is obligatory as in Germany also in Switzerland. The collision or partial comprehensive insurance is a voluntary additional insurance.

Photo: Joujou / 


Swiss prefer to take the train!

Not only that not every household owns a car, in Switzerland one drives anyway rather with public means of transport, in particular with the course. Although Switzerland is small, public transport networks are very well developed. In cities like Bern or Zurich, Basel or Geneva you do not really need your own car. The valleys are also well served by public transport. The connections take a bit, but in Switzerland, for example, the postbuses take precedence in curves on the mountain passes. In general, the Swiss were skeptical of the automobile for a long time. It was not until 1927 that the Engadin could be opened up with a pass road, because the local inhabitants wanted to tolerate automobiles in the region only after a 10-time referendum!

Important economic factor besides tourism

The Swiss mentality is simply knitted. In many places there is also a ban on cars. But that also has something to do with tourism. Because it is not easy to protect thousands of tourists from the many hundreds of cars. The cars must then be parked by the tourists in front of the place. For this purpose, a shuttle bus is offered. Despite this partial ban on cars in some places, it is still the case that the automotive industry in Switzerland is a major economic factor alongside tourism. The approximately 220,000 employees of dealers, petrol stations and workshops generate around 13 percent of the gross domestic product in Switzerland.

Car industry in Great Britain before collapse?

September 10, 2018 | Money | No Comments

In Great Britain, costs have risen sharply following the Brexit vote. Also the vehicle insurance has tightened. This is not a good sign for the car industry of the island nation near the European mainland. Because the exit negotiations for the EU must be completed in 2019. But they really did not get started. So far, the British have shown little understanding of the demands of the EU Commission in Brussels. Everyone agrees that it will hit the automotive industry hard. For this has not been one of the highlights of the British economy in recent years. The focus here was primarily on the luxury segment, which consumers in Great Britain can soon come up with expensive. Because they will soon have to pay high tariffs for cars from mainland Europe. After all, the British government wants to do that in return.

 Downstream industry without future?

The automotive industry in the UK is not one of the highlights of the economy – not for decades. However, you have invested a lot and recovered significantly. The fact that the automotive industry could become the industrial backbone of the United Kingdom, there is great doubt in the experts. And yet: Great Britain returns to third place after a number of years with France for third place of the European vehicle manufacturing locations – measured by the number of units produced. Germany takes first place here and Spain second. Every year around 1.8 million vehicles are produced in the United Kingdom. However, these numbers can quickly break again, because the Brexit makes the car boom to the expert opinion negated.

Burglary up to 50 percent

In particular, if the UK continues to massively oppose EU demands for exit agreements, automakers may need to significantly reduce their production numbers. If it comes to punitive duties, etc., then experts fear even a slump by 50 percent of the previous volume. That would be very tough for the British economy, of course. And you would surely condemn Theresa May as much as a Margret Thatscher, who was considered an “Iron Lady”, but was hated in the 1980s, especially in the workforce. And the longer the exit negotiations last, the greater the uncertainties on all sides.