"hugely important"
"This applies not only to the major brands and manufacturers, but also to the suppliers, which are really crucial for prosperity and jobs in many regions,"
"wrong"
Chancellor Friedrich Merz will host crisis talks with leaders from Volkswagen, BMW, Mercedes-Benz, major suppliers, government ministers, and union representatives to address a prolonged downturn. The sector faces falling sales, shrinking profits, waves of layoffs, a slower-than-expected shift to electric vehicles, intensified competition from Chinese EV makers, and tariff pressures from the United States. High on the agenda is the EU plan to end sales of new combustion-engine vehicles by 2035, which has raised strong opposition from German carmakers. The meeting aims to chart a path to protect jobs, suppliers, and industry competitiveness.
Read at The Local Germany
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