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Germany's once-mighty car industry is in crisis. What will it take to fix it?

BBC Business LogoBBC Business20h ago

Germany's once-mighty car industry is in crisis. What will it take to fix it? - BBC Business

Quick Summary:

With the economy a key factor in German elections this month, can the auto sector get back on the road to recovery?

For union rep Steffen Schmidt, however, the solution is to go back to Germany's traditional industrial values."We have to become a leader in innovation and technology again," he says."Then we can keep high pay and good conditions for workers.

He thinks the industry can prosper, but only if it gets the support it needs from the government after the elections later this month."Our automotive industry will be world-leading, I am sure of that," he says."The question is, where will the future jobs be?


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Article Details

Category: Business

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-12 @ 00:33:37 (20 hours ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 2713 words

Reading Time: 16 minutes read

Sentences: 110 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 26099980

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About BBC Business

BBC Business Logo

Main Topics: Business

Official Website: bbc.co.uk

Update Frequency: 7 posts per day

Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 16 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #43

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