If the German car industry’s obituary is written sooner rather than later, the last days may feature as a symbolic turning point. The Covid-19 pandemic has plunged the German car industry into an existential crisis. “Deutschland rocks,” the billionaire told waiting journalists at the site of the €1.1 billion plant. With the German car industry facing an existential crisis, expert Ferdinand Dudenhöffer is gloomy about its future. Tesla will be up and running east of Berlin and the cosy German car industry will have a new, uncomfortable player.

Source: The Irish Times September 12, 2020 06:22 UTC