34 Days
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المشهد العربي
German auto industry faces crisis
The head of the German Association of the Automotive Industry warns of a structural crisis that requires a fundamental overhaul, as companies like Volkswagen and Stellantis face pressures from rising energy and wage costs, as well as bureaucratic burdens. Meanwhile, the growing Chinese competition benefits from cost efficiencies, while production costs for electric vehicles remain high in Europe. She called for accelerating reforms and suggested allowing foreign producers to utilize the production capacity of European factories to enhance employment stability and industry resilience.
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