Germany’s car industry was once recognized around the world for its high-quality, innovative internal combustion engine cars. But where is the sector now?
  • Germany’s car industry was once recognized around the world for its high-quality, innovative internal combustion engine cars. But things have changed since then.
  • The industry is facing a range of issues, from regulation to macroeconomics, China and EVs.
  • Issues in the automotive sector may also have spill over effects onto the wider German economy, which has been struggling for some time now.
  • Hugucinogens@lemmy.blahaj.zoneEnglish
    8·
    2 months ago

    So, to condense the article:

    German car industry says:

    We are having a tough time! We’re thinking of closing our German factories, and ending our “We don’t fire people” Guarantee!

    Politicians, please save us by regulating our competitors and exempting us from sales tax on new technologies!

    Why?

    Because our primary source of money before, was selling in China (40% to 50% of earnings), and now Chinese EVs have taken over both China and the local market! So, with our shitty expensive EVs, we can’t compete, and, worst of all, China is buying less from us, so we are losing all that money!

    Opinion:

    German car industry means:

    We kept selling to the most vulnerable market and pocketing innovation money, and now we got out-innovated and that market is no longer vulnerable!

    Please give us tax-money and regulate our competitors away, otherwise we will make a political stink, and throw workers on the street!