Top 50 Ranking – German Companies Break Through The $ 300 Billion Mark

A great number of German companies in the United States saw healthy growth, according to the results of the annual Top 50 ranking of German Firms in the U.S. the AHK United States. New York, may 2, 2012 - a superior number of German companies in the United States saw healthy growth, so the result of the annual ' top 50 ranking of German Firms in the U.S.' the German-American Chambers of Commerce (AHK United States). Thereby the German subsidiary to invest not only in the expansion of their businesses, but also additional jobs in the United States. Overall, the top 50 companies has increased its turnover by 7.5% to US$ 318 billion compared to the previous year. Together, the top 50 companies employ over 461,000 employees, over 30,000 points more than in the previous year. Especially the car makers such as BMW, Daimler and VW were favored by the ongoing boom in the automotive industry and increased their turnover in the double-digit range. As well as already in the previous year Daimler leads to the top of the top 50 companies, followed closely by Volkswagen. See site for more details and insights.

The figures also show that the US economy has increased momentum in the course of the year and the risk of a recession has been more and more into the background. At the same time they highlight the results of the German American Business Outlook, the annual economic survey of the AHK United States among the 3,500 German daughters end of 2011: here, 86% had already forecast a growth in their businesses. Many of the top 50 companies producing in the United States not only at the regional level, but also for the international market. So, BMW for example 2010, US$ 4.6 billion in its production plant had invested in Spartanburg (South Carolina), and it sold 14.4 percent more cars in the United States. Also, ThyssenKrupp is one of the "rising star" in comparison to the previous year (from US$ 6.7 billion to US$ 9.2 billion in 2011). Torsten Gessner, by ThyssenKrupp head of North America, explains the success by "Investing several million dollars in the expansion of production facilities and our acquisitions." The largest employer in North America remains Siemens United States with 60,000 employees. Eric Spiegel, CEO of US subsidiary Siemens Corp., believes in the site as"decisive turning - point for our production and research, from which we export to the rest of the world". Fresenius Medical care, the world's leading provider of dialysis products, is the second largest employer in the top 50 with over 45,000 employees.

With a sales volume of over US$ 8 billion, the North America operations of the group alone make up 64% of the total sales. "Only ten percent of the top 50 companies have 2011 a loss suffered by them is the reinsurer Hannover Re for the 2011 was one of the second-highest year in the history", in debt due to the enormous damage claims after the natural disasters such as Hurricane Irene or the Joplin tornado (Missouri). The rest of the year 2012 the German firms look forward positively and are confident in their investments and HR planning strategies, to further consolidate their positions in the United States. You will find the complete ranking on publications/studies resources of Nicola Michels, GACC New York