There has been hardly any good news from the automotive industry in recent months. The industry, which for a long time stood for the performance of the German economy like no other, is in a deep crisis. The electric car, in whose development manufacturers and suppliers have invested billions, is not running as hoped. This also applies to business in China, where German companies recorded double-digit declines in sales last year. In addition, the European Union is tightening the limits for CO2 emissions again this year, and manufacturers face high penalties.
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