 {"id":10289,"date":"2025-03-27T10:32:21","date_gmt":"2025-03-27T09:32:21","guid":{"rendered":"https:\/\/www.acicae.es\/en\/blog\/?p=10289"},"modified":"2025-03-27T10:32:21","modified_gmt":"2025-03-27T09:32:21","slug":"the-basque-automotive-sector-maintains-25-billion-euros-in-turnover-by-2024","status":"publish","type":"post","link":"https:\/\/www.acicae.es\/en\/blog\/the-basque-automotive-sector-maintains-25-billion-euros-in-turnover-by-2024","title":{"rendered":"The Basque Automotive Sector maintains 25 billion euros in turnover by 2024"},"content":{"rendered":"Bilbao, March, 27th, 2025 \u2013 The Basque automotive sector, despite the slowdown, maintained the level of 2023 with a slightly higher turnover of 25,349 million euros, 1.3% more than in the previous year. This figure does not take into account the specific weight of Mercedes Benz Vitoria.\r\n\r\nThese results are due to the market situation, whose evolution over the course of 2024 has gone from strength to weakness, due to geostrategic struggles, the indecision of end consumers, the slowdown in the launch of electric vehicles or the entry of Chinese competitors, etc.\r\n\r\nThis has forced companies to improve the management of their organisations, diversify their customers\/markets\/technologies and prioritise certain markets that have performed reasonably better than the European market.\r\n\r\nWith regard to employment, in its 740 production plants, it employs 140,000 people, of which 38,700 are located in the Basque Country, which means that it remains at a similar level in the Basque Country to the previous year.\r\n\r\nAccording to In\u00e9s Anitua, Director General of ACICAE, \u2018Despite the uncertainty, the sector has managed to maintain a reasonable level of activity. For 2025 we expect a complicated situation with little visibility for the time being\u2019.\r\n\r\nOn the other hand, 90% of the sector\u2019s sales continue to be international, and more than half of these are generated outside Europe. The sector has also maintained its factories outside the Basque Country, with 357 production plants in 32 countries, in both emerging and traditional markets.\r\n\r\nIn terms of R&amp;D&amp;I, Basque companies have devoted nearly 3% of their turnover to this and 0.43% to training.\r\n\r\nThe Basque automotive sector is made up of some 300 companies ranging from foreign capital multinationals, local multinationals, cooperatives, family businesses and start-ups.","protected":false},"excerpt":{"rendered":"Bilbao, March, 27th, 2025 \u2013 The Basque automotive sector, despite the slowdown, maintained the level of 2023 with a slightly higher turnover of 25,349 million euros, 1.3% more than in the previous year. This figure does not take into account the specific weight of Mercedes Benz Vitoria. These results are due to the market situation, [&hellip;]","protected":false},"author":5,"featured_media":10287,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[90],"tags":[],"class_list":["post-10289","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The Basque Automotive Sector maintains 25 billion euros in turnover by 2024 - Acicae<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.acicae.es\/en\/blog\/the-basque-automotive-sector-maintains-25-billion-euros-in-turnover-by-2024\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Basque Automotive Sector maintains 25 billion euros in turnover by 2024 - Acicae\" \/>\n<meta property=\"og:description\" content=\"Bilbao, March, 27th, 2025 \u2013 The Basque automotive sector, despite the slowdown, maintained the level of 2023 with a slightly higher turnover of 25,349 million euros, 1.3% more than in the previous year. This figure does not take into account the specific weight of Mercedes Benz Vitoria. 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