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German car industry under threat of a huge job loss
Volkswagen is jubilant about its first quarter figures for 2021, but all German manufacturers are wondering where the electric transition will lead them, like here at the VW ‘Way to Zero’ meeting recently /VW
While numerous glorifying press releases from German manufacturers reach us about the excellent figures for Q1 2021, the Ifo Institute (Leibniz Institute for Economic Research at the University of Munich) warns that one-third of the jobs in the German car industry is in danger. In a study ordered by the German car industry federation (VDA),
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