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German auto industry under pressure

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12 April 2024: German auto industry under pressure

The German automotive industry is under pressure. This is because it has to invest large sums in the transformation to e-mobility, despite weak economic demand and increasing competition from China. This is exacerbated by the declining competitiveness of Germany as a business location. While the major manufacturers are likely to be sufficiently equipped to master these challenges in the end, many small and medium-sized suppliers will probably have problems successfully shaping this transformation.