search

The automotive sector is one of the main victims of the crisis induced by the COVID-19 pandemic. “A drop in turnover of the order of 30% at the European level,” says Anthony Auert, manager of the Luxembourg AutoMobility Cluster at Luxinnovation. “In addition, many companies in the sector have announced the dismissal of staff. We can clearly expect this crisis to accelerate mergers and the disappearance of companies that are poorly equipped to face difficulties.”

At the same time, some states are developing more and more bonus systems in order to renew car fleets. The result is an acceleration in the sale of electric vehicles, largely supported by subsidy systems.

In Luxembourg, the sector has also been impacted. However, this has not diminished the cluster’s activity, quite the contrary. “It was necessary to understand the needs of companies in the sector during this period of crisis, and to help them find and implement quick solutions. It was also necessary to promote and support the implementation of the new aid measures put in place by the government.”

Luxinnovation, the catalyst

The last few months have also been an opportunity to measure how well the players on the ground were able to adapt. “We have thus supported the launch local manufacturing of the equipment necessary to fight against COVID-19, in particular personal protective equipment.”

Tomorrow does not necessarily look rosy, but Anthony Auert remains confident. “We know that each crisis gives rise to new opportunities for those who know how to seize them. As such, Luxinnovation will have an important role to play as a catalyst to accelerate the recovery.”

This is why the cluster is actively working on the implementation of new cross-disciplinary collaborative projects, enabling the automotive sector to diversify its fields of activity and make it more resilient and less dependent on external parameters. “For example, we are looking to further develop the application of certain automobile technologies to the construction sector.”

Read more

Digital, sustainable and human

23-11-2021

Flash-back on the "phygital" session of the 4th Smart Manufacturing Week, which took stock of the challenges facing the industrial manufacturing sector.
Read more

Hosting a qualified researcher in your company with EU support

19-11-2021

Would you be interested in hosting a qualified and fully funded researcher in your company or organisation and benefit from his or her academic knowledge and network? Luxinnovation offers you its support in identifying highly relevant candidates and training them in proposal writing to increase their chances of receiving funding from the European Commission. Submit your expression of interest by 17 December 2021.
Read more

The manufacturing sector under the microscope

18-11-2021

For the first time ever, a detailed mapping of the companies making up the Luxembourg manufacturing ecosystem has been drawn up.
Read more

USD 10 million round of financing for SustainCERT

11-11-2021

Greenhouse gases accounting and verification specialist SustainCERT was created in Luxembourg a few years ago. Supported by Luxinnovation the company has benefited from public aid for R&D activities, and has just completed a major round of financing to expand further.
Read more

Differdange focuses on sustainable food

08-11-2021

With the support of Luxinnovation, the City of Differdange has joined the European FUSILLI project aimed at addressing the challenges of food system transformation.
Read more

All news

Close