- 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.
They’re merely raking in slightly less massive profits compared to last year. They could probably make up for it by simply not paying out massive bonuses for higher ups, but we all know they’ll cut jobs instead unless they get that sweet tax payer money. Greedy scumbags.