PORSCHE’S SLIDING SALES DEEPEN GERMAN AUTOMOTIVE MALAISE
https://s.yimg.com/ny/api/res/1.2/CBgKtJ4uxeYqK95kpTmiag--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD04MDA-/https://media.zenfs.com/en/bloomberg_holding_pen_162/b235256369a7f9e867fef4f49dbce184
✍️ Germany's auto industry is declining due to weak demand, trade tensions, and rising Chinese competition, with major carmakers like Porsche, BMW, and Mercedes-Benz reporting weaker sales in China.
👉 Weak demand in China and Europe 👉 Rising Chinese competition 👉 Trade tensions 👉 German carmakers' first wave of EVs failed to gain traction 👉 Next-generation EVs not expected until next year 👉 Industry responding by cutting jobs and scaling back battery programs
-- #FriedrichMerz #JensSuedekum #LarsKlingbeil #OliverZipse #OliverBlume #BenjaminKrieger #Germany #China #Europe #CzechRepublic #Spain #Slovakia #business
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