
German Car Industry Needs “Bold Decisions” To Take on China
Strategic suggestions include keeping manufacturing sites open by selling them to foreign manufacturers.

Strategic suggestions include keeping manufacturing sites open by selling them to foreign manufacturers.

According to the German automotive industry association, expensive energy, high labor costs, and growing bureaucracy are pushing the car industry deeper into crisis.

While the German car industry suffers, Hungary may be able to reap the benefits of the age of e-mobility.