Once the envy of the world, Germany's car brands now weigh heavily on its struggling economy
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Once the envy of the world, Germany's car brands now weigh heavily on its struggling economy
https://www.cnbc.com/2024/09/06/once-the-envy-of-the-world-germanys-car-brands-are-weighing-heavily-on-its-struggling-economy.html
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.