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60 million euros for Schweinfurt: rescue for the auto industry!
The Bavarian government is supporting Schweinfurt with 60 million euros to secure jobs in the automotive supply industry and promote future technologies.
60 million euros for Schweinfurt: rescue for the auto industry!
The Bavarian state government is helping the ailing auto industry in the Schweinfurt region. An enormous support campaign of 60 million euros is intended to initiate measures to stabilize and transform the industry. Economics Minister Hubert Aiwanger (FW) emphasizes that companies like Schaeffler and ZF are already cutting jobs and that these investments are crucial to promoting future-proof technologies. According to a report by pnp.de The money should be used specifically to support local businesses and initiate comprehensive development of the region.
The focus of the funding measures is a research and development project for climate-neutral drive technology at Schaeffler, which is to be funded with up to ten million euros. Plans are also in the works for the construction of a hot rolling line, an electrolyzer, a hydrogen filling station and the implementation of artificial intelligence in production. Small and medium-sized companies also benefit from the initiative, which will be supported with ten million euros in regional funding for investments and whose start-up scene will be supported with five million euros augsburger- Allgemeine.de reported. These measures are part of a comprehensive plan for economic recovery and realignment in the region, which has been severely affected by the challenges of the automotive sector.