Germany is in second place in this list, with a combined iron and steel import value of $31 billion USD in 2014. The reason behind such immense iron and steel imports by Germany is that of its top position for iron and steel products across the world as a supplier, notably including automobiles and heavy machinery among them.
Rather, the red light comes on when the oil PRESSURE drops too low as determined by an oil pressure switch installed on the engine. No VW van ever came from the factory with an oil pressure gauge or oil level indicator, just a low oil pressure warning light. One-switch system: 1948-1985.
The oil light comes on when your engine suffers a drop in oil pressure. Without oil pressure it can't lubricate itself, and the result is self-destruction, meaning you have to do some seriously expensive internal engine repairs.