German companies flock to U.S. with record $15.7B investment in 2022 amid struggles at home

German companies invested a record $15.7B in the U.S. in 2022, up from $5.9B in 2021, accounting for 15% of Germany's total capital commitments
High-profile companies like Volkswagen, Mercedes-Benz, and Porsche are expanding in the U.S. with new plants and facilities
Germany's economy is struggling at home with contracting GDP, falling exports and imports, declining consumer sentiment
Production and construction industries in Germany show falling new orders and demand over the past 2 years
For the 3rd straight year, German capital commitments to the U.S. outweighed those to China, its largest trading partner, signaling a shift