Reported 2 days ago
Germany's auto industry is facing a serious crisis due to declining sales and rising production costs, impacting major players like Volkswagen, Mercedes-Benz, and numerous parts suppliers. With U.S. tariffs looming and competition from China intensifying, executives are urging the next German government to implement economic stimulus measures, reduce bureaucratic red tape, and restore competitiveness in an industry that employs nearly 780,000 people and represents about 5% of the economy. The future of German automakers depends on swift action to address these challenges, including a revival in EV sales and managing manufacturing costs.
Source: YAHOO