How Germany’s critical car industry could stall Europe’s biggest economy | DW News

The auto industry has long been a symbol of Germany’s technological prowess and industrial might. But it’s struggling and has recently seen potential job cuts and downsizing announcements by heavyweights like Volkswagen. We ask ING Chief Economist for Germany, Carsten Brzeski about the implications for the whole German economy.
#germancars #automobileindustry #china
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[@lachlanwaite9084]

German arrogance, this has been predictable for at least 10 years.

[@profrog493]

From a 75 y.o male American. I've owned several VW vehicles. The prices, the complexity befuddle me. There are no VW Bugs. There are no VW Rabbits. My meaning, how can I buy German in America for less than $50,000? Importantly German engineering, German quality. Reasonable prices for parts/repairs. Those are lost in today's vehicles.

[@electrolytics]

You're an American? You write like your from some other place, far away from America.

[@dezafinado]

You can buy German cars for lower than $50k. If you can buy top-of-the-line Camry, Accord, Maxima, you can buy German. Whether that's a smart choice is another matter. After the expiration of the factory warranty, residual values of German cars nose-dive for a reason. The higher their original sticker price, they harder they fall.

[@cheng8881]

@@electrolytics Is he wrong though? German parts are stupidly expensive. Additionally, Merc A classes uses citroen engines lol.

[@DavidHazelhof]

This is what happens when you deliver mediocre quality and innovations, but still wants big margins.

[@browngreen933]

Scotty Kilmer single-handedly killed the German car industry with his endless repetition that modern German cars are endless money pits. 😢

[@speculawyer]

He's an old crank.

[@ohcanadaeh]

But the Chinese love the German luxury badges before the rise of Chinese EVs that put the German brands to shame.

[@unojayc]

Even Scotty knows German made is the key factor. Made in America for German car's has it's issues.

[@yemin693]

1:24

[@SAGAWISIW30]

Its true its money pit so expensive try to get yiur mrecs repaired... 😢😢

[@aacmove]

You cannot legislate me to buy a car I don't want, and manufacturers cannot sell me one either.

[@Hypocritial]

Absolutely

[@urbansenicar81]

Yes, they can.

[@vervetech9395]

Subsidies will incentivize people to buy. At least Germany will be spending taxpayer's money in Germany instead of waste it elsewhere.

[@aacmove]

@@urbansenicar81 not really. I will hold onto my Hybrid until I'm in nappies.

[@-Nobody-1]

Its actually the opposite. The EU wants the industry to fail so people dont have the option to have individual transportation.

[@stickynorth]

Inflated margins on poor quality vehicles and you wonder why people don't buy? REALLY?

[@howellstevens9622]

The same old bland& boring designs!

[@Neverforget133]

That's exactly true over priced poor quality garbage built to breakdown impossible to fix unless it goes to a mega overpriced garage cheap metal cheap everything except the price to buy it

[@MrWhitmen1981]

Germany need to build cars we want. I swear by Toyota, cheap reliable.

[@aacmove]

We are nearly half way to 2030 and they should have been on the shelf for the past three years at least.

[@DorisFrielinghaus115]

My main concern is how to survive all of these financial and political crisis, especially in light of the US political power scuffle. The government has really called things more difficult for its citizens, and we can't sit back and bear all the consequences of the bad governance...

[@jollyjokress3852]

This is a big chance for Germany to get rid of the automobile dictate. Less new autobahns would be great, car free cities 😍😍😍

[@programming658]

CFO of Volkswagen already told, if they don't do significant actions, company has only 1-2 years time. Everyone, I am saying everyone in automative knows that 1-2 years in automative is like 1-2 months in other industries. That means, Volkswagen is already bankrupt

[@mikafiltenborg7572]

VW debt. : 192,000,000,000 $.....

[@yo2trader539]

They're Germans. They're always grim. VW's operating earnings in 1H in 2024 was €10bn. There is only one automaker that can make more money than VW in the entire world.

[@ethimself5064]

@@mikafiltenborg7572 😱Yikes

[@programming658]

@@mikafiltenborg7572 it's crazy. I didn't know this

[@lupolinar]

VW made 600 Billion in 2023 and had a debt of roughly 160 billion (87 in long term debt) - lower then 2022. If they actually start saving and reduce their ridiculous wages, they can make it.

[@rm4po4]

There's an old saying, "you schlafen, you lose" 😂

[@Nom_AnorVSJedi]

This is what happens when you underestimate China 🇨🇳 🐉.

[@ernstschwaig4667]

No, this happens if managers fail. German car CEO's are famous for disastrous decisions.

[@wolfswinkel8906]

​​​@@ernstschwaig4667 no, that's what happens when you sanction your chief energy supplier, Russia. The cost competitiveness is lost overnight. That advantage has gone to China.

[@Norwegian733]

Yeah, they are extremely good thiefs.

[@siddheshshivraj3534]

​@@wolfswinkel8906 Stop with the gas blame game. The German technology and affordability is far behind it's asian rivals

[@winsonip4447]

There is a significant gap in the interview. The Chinese competitor included German companies that operate in China. After the pandemic, the trend of diversifying to shorten supply chains is occurring not only in the West but also in China. The increasing presence of German companies in China could explain this issue. They need a market to generate revenue, which supports their R&D efforts, and China has the customers and engineers in this vast macroeconomic engine that Germany currently lacks.

[@huawei755]

Germany started importing expensive energy from the United States = Prices of products goes up..

[@speculawyer]

They should never have become so completely dependent on dictator Putin and they should NOT have closed all their nuke plants.

[@AWriterWandering]

They should never have decommissioned those nuclear reactors.

[@huawei755]

@@AWriterWandering True!! If they didn't they could be more self sufficient and more environmentally friendly.

[@SAGAWISIW30]

And make cheap people's car ... small profit sell millions... cut ceo pay.. import workers from bangladesh

[@huawei755]

@@SAGAWISIW30 I don't think we need more cars in Europe though. Maybe the people in Bangladesh could build Volkswagen for themselves instead of for the Europeans?

[@preciouskunyenje7660]

Some keynotes. 1) Germany lost a substantial market for it's car industry from sanctioning Russia. 2) While technological advancements in car industry are great, they drive up the prices of vehicles. Simplicity is the key. Reliable engines, less electronics and cheap cars. Open new markets in the Global South. All they want is something cheap to commute with.

[@b.dragos87]

And do not forget that China is using cheap gas from Russia.

[@harleydavidson4254]

@b.dragos87 Because China understands economics and stays out of other countries affairs.

[@yo2trader539]

German automakers are victims of German/EU policymakers. First being forced to sell diesel vehicles, now being forced to sell BEVs. Seriously, German/EU policymakers need to be a bit more understanding of HALO effect of the auto-sector, and be more realistic in its time-line.

[@BEGGARWOOD1]

Britain in the 1960 made some of the most innovative cars. 20 years later it was all gone . Germany has made some of the best ICE cars in the world, EV removed a lot of barriers to entry and the big German brands were to slow to adapt

[@jamesbarbosa8714]

You live by mercantilism; you die by mercantilism. This was inevitable.

[@shutinalley]

Something tells me they're in bed with established internal combustion systems.

[@normanchan2001]

If there is one company in the world that can pull themselves out of a rut, it's VW. The German people are serious about their economy and climate change and willing to do what it takes. Us Americans......not so much.

[@Smudgie]

You need to take a look at how the German green party is currently doing in the polls. A green economic minister was a massive mistake!

[@IrenESorius]

Try build cars people want and can afford 🤡

[@andreasstuermer4946]

Right if nothing is cheaper than 20,000, normal people cannot afford it

[@Eduard.Popa.]

HOW ??? HOW?? Making cheap and good EV !!! When Tesla was worth 10% of VW, Tesla were building supercharge network on 3 continents !!!! And German auto makers what they do ??? DIESEL GATE !!!

[@KP-xi4bj]

German auto industry is done, due to complacency. They were banking on ICE cars and not EV innovations and it did not panned out for them.

[@thomasl6912]

EV technology is not ready yet. They messed it up by increasing prices and reducing quality at the same time.

[@ivanlys4377]

No one wants to mention losing cheap Russian energy? no? cute. very cute.

[@TheFettMan]

Exactly Germany allowed the US to destroy the pipeline that was providing cheap affordable energy to its consumers and now its paying the price of higher energy prices and destroying its own economy

[@nguyep4]

​@TheFettMan Have Russia control your country through oil is better?

[@ivanlys4377]

@nguyep4 when someone has the resources you need to stay alive you accept reality my friend. They hold energy. You need energy to live. Anymore questions?

[@TheFettMan]

@@nguyep4 how has having the US control Germany been working out for them?

[@nguyep4]

@ivanlys4377 No, Germany closed down nuclear power plants and was reliant on one source of energy and on top of that on one country. This opened up vulnerabilities that they did to themselves.

[@chilam2512]

This have nothing to do with energy price.

[@wolfswinkel8906]

That's what happens when you sanction your energy provider Russia. They said they would replace that cheap supply. I laugh😂

[@guilhermeferrerdesouza6618]

For Brazil, VW and Toyota are selling the exact same cars of 6 years ago just rising the prices (since pandemic crisis, but never lowering it back, and blaming taxes that never increased).

[@MeganoOdles]

The EU can reduce tariffs on Chinese EV batteries, so that Germany can build cheaper EVs with Chinese lithiums..

[@nguyep4]

Battery is only a part of VW problems, software competency isn't there yet, hence the partnership with Rivian.

[@SAGAWISIW30]

No more cheap gas because someone blew up the nordsrream .. dear worker wages ... millions go to CEO and executives 😢😢😢😢 what do we expect ... in china if ceo get millions they go to jail... if workers protest they go ti jail.. and they get cheap oil and gas from russia😢😢😢

[@DSAK55]

What Germany needs is a small economical car for the masses

[@ev.c6]

😂😂😂😂

[@christiankammer2379]

Yes, like a literal "Volkswagen", i.e. a car for/of the people.

[@shencity8161]

BMW China's sales in August shrank to 40,000 vehicles, more than half compared with July, and the brand premium has become weak.

[@nguyep4]

The new premium is not in materials but also software. BMW and the likes are in trouble.

[@timothyjohnson6727]

The same thing happened to the US and US auto industry with the Japanese, now with Korea.

[@NA13571]

VW manufacturers cars like it wants, not like the people want. Here in Brazil VW is very strong brand but, in the last years, VW is losing the competitively in terms of prices and innovations. We have here many similar cars: Taos, T-cross, Tiguan, etc, are ll the same car with a limited modification in some items. In fact, it is being a long time that VW did not launch an innovative vehicle.

[@karlInSanDiego]

Uninformed analysis about Germany not understanding how to innovate with EVs. Tech bro oversimplification. EVs are far less profitable because inclusion of large batteries increased cost in unavoidable way. No one is profiting reliably with EVs including Tesla once competition was present in the market. BMW and Porsche have built world class EVs, but to avoid losing money on each sale, they must charge more than an ICE car. China has no profitable EV only company, and they are at overcapacity and are facing a larger crisis than German automakers. The truth is that the world has surpassed peak car. From this point forward, most societies will consume less cars per year and the industry is experiencing an inevitable shrinking. Auto manufacturers should focus their attention on mass transit and micromobility, which are the sustainable transportation options. Cars are dying out.

[@amaremihret2448]

Germany must work on improving their battery technology

[@SAGAWISIW30]

They have no rare earth

[@amaremihret2448]

@SAGAWISIW30 rare earth is a non-renewable resource just like crude oil but technology.... So I don't think Germany will lag behind so easily for a battery tech. Also, I don't think losing hope on hydrogen tech is right because very soon, it will definitely be the emmidiate substitute for EV tech

[@IvaTaiwan-u8z]

🇩🇪 Germany is collapsed 😢😢😢

[@SportNut1]

Because you guys got greedy and stop building quality cars in reasonable price and type of cars that made you great. I was willing to pay the premium until the quality went down so much and they all become heavy, bulky and 4 cylinder!! You killed your brand with M3 that you can't look at and Cayman that you can't listen to

[@wandererkenshin7557]

Listen to Uncle Scam and United Sanctions Of Zionism and watch your economy tank.😅😅

[@toku_gawa]

Abduls here

[@Format090]

How on earth is that company's ceo not fired yet?!! The insistence on failed policies with not enough profits. Insiting on making cars no body wants. Gigantic profit margins etc etc. i believe this is not just failure, its corruption!

[@no_one_caress]

People will eventually stop buying cars in a price home costs. Germans and innovation are two poles of earth.

[@swhtrn]

As a Japanese living in Germany, I think China’s market won’t come back as attractive to German auto makers as before pandemic. They are facing great recession coming from decline in real estate industry, which have accounted for as much as one third of GDP! we see Chinese tourists coming to Japan much less than before pandemic and increasing investment in Japanese real estate made by Chinese companies and individuals, resulting in great financial outflow from China. German auto makers need to develop new market in the rest of the world.

[@johnvif]

South America. But they don't have the cheap product to persuade the low wages of those south Americans

[@MGZetta]

Economic opinion coming from Japanese is crazy. The only great recession is Japanese economy since the 90s. Lmao. Chinese tourists still the biggest spenders in the world and their internal tourism multiplied. Their economy grew the most in raw numbers certainly more than any western and their vassal states. But doing mental gymnastics to explain how their growth number is irrelevant is the massive cope. Lol.

[@negumanezer]

Join, Philips and Kodak.

[@comendrun9074]

Have they been asleep the whole time? Just a few months ago they gave away more than billions in dividends, just like every other year. And now they figured, oh we are going down? It's not only the companies themselves, as the guest said, there are entire cities and villages that are prospering just because of their car manufacturing facilities. Without them they would be no better than Detroit

[@lifestapestry2968]

Refuse cheap Chinese imports and intensify German quality. Simple.. Don't buckle the Chinese

[@frankiedehockie]

And you will meet Chinese price? Chinese firms do not need to sell a single car in Germany and they will still dominate global automotive markets. Why? The future growth of the automobile industry is in Asia/ME and LATAM/Africa. These are the people looking to buy their first cars. And given that Chinese cars are far cheaper and affordable than German cars, Chinese cars will dominate these markets. Eventually, German and western firms will become regional brands - unless they tap into the Chinese supply chain for cheaper inputs.

[@ndie8075]

​@@frankiedehockiechinese reputation is very bad😂

[@BruceJ999]

​@@ndie8075Which Chinese car do you own again? Or your just hating?

[@ndie8075]

@@BruceJ999 I hate nobody but have you ever heard about good chinese cars.....😳

[@sutats]

So what's the solution?

[@MossMini]

Europe Semi commercial transportation industry will also be disrupted. Europe's regulations and Unions impeded innovation.

[@danwelterweight4137]

This is what happens when you spit in the face of your largest provider of cheap gas and then spit in the face of your largest trading partner to appease your masters in Washington.

[@nguyep4]

Blaming Washington when VW decided to do business with China? They learned all the manufacturing techniques throught required partnership? China EV is more affordable and appealing is to blamed on Washington? Your bias shows.

[@dirtyharry6297]

Chineese will never match German quality, for that reason we love german cars

[@Nutz-e5x]

No matter what your views, prior to china tariffs, life was good

[@speculawyer]

VW missed a hug opportunity by not bringing more EVs to the USA. They have only brought one over and it has been recalled and production halted. With Elon Musk becoming a Groyper weirdo and Japan being MIA with EVs, there's a big opening to grow here

[@baronvonjo1929]

VW has been in the US longer than other import brands yet they have significantly fallen behind. VW isn't really known as a quality brand here in the US and they spent most of their resources on China and Europe. With the new ID BUZZ coming but only as the expensive LWB variant and years after Europe got it, it's telling they have no desire to make North America a key market in their plans. I sat in a current gen Tiguan R Line 2 weeks ago and was absolutely floored with how low quality it was just cheap plastic everywhere and not sturdy or well built. VW has zero desire to try. The US market is not a means of growth to recover lost sales from China for VW.

[@dezafinado]

Hmmm... EV sales in the US hit the brakes while Hybrid & Hybrid Plugin are flying off dealers' lots.

[@jnfunvufb]

This sounds like Chinese battery manufacturer speaking for new client without caring actually customer demands (which is why BEV demand is falling in the US)

[@thomasl6912]

I'm sorry but the quality is low and price is almost as high as BMA car. Obviously, nobody will buy VWs at that price range.

[@nonnoyobisnis8705]

Volkswagen recorded a profit of 11 billion USD for the first half year. They expect profits to rise by 7% and turnover by 5% compared to 2023. This will make their shareholders, e.g. BlackRock, very happy. Shareholders get roughly a third of profits, 6 billion dollars in 2023. But yeah, profitability needs to go up, so lay off those workers! Larry Fink needs food on the table, too.

[@ilanmagen]

It's look the same as what JP cars did to US auto industry.

[@desinihilist5916]

So lower salaries/salary growth and then forced to buy expensive German cars. This sounds like a great plan!

[@dezafinado]

If it's only 5%, then it will not crash anything. Germans simply must spend 5% more. Time to swipe those credit cards and drink, eat and be entertained.

[@mathieug6136]

Cars come rights before housing

[@HuuieDuoyngh-e8i]

Now you know🎉

[@lindavid1975]

Mercedes has postponed its next EV platform, and gone around its suppliers asking for quicker and cheaper, and dual sourcing == lower volumes. A lot of their long term suppliers are telling them to stuff it. Fundamentals are that German cars have become too expensive - in absolute European terms - and in relative terms, comparing to Chinese OEMs, like BYD, cost trimming will not get them back in the game.

[@notmilesalone4070]

not sure ING dude is right... di people want a smartphone on wheels? premise: I'm not in my primes anymore but when I want to buy a car last thing I look at are electronic gadgets... where do you stand on that?

[@endianAphones]

I would want something like Citroen's Oli prototype.

[@saladien9987]

Our decision for our cars was always which one drives the best and which one has the best infotainment and ADAS. So we went with Polestar 2 and Subaru Soltera

[@Fishstick]

He probably meant the chinese market demanding it. VW isn't a software dev. So they struggle in that area compared to what Chinese brands offer. It really is a lack of flexibility to adjust to new markets. Also it's not like VW closes facilities because they struggle financially. They basically make more profit by closing redundant ones. As cruel as that sounds they don't care.

[@saladien9987]

@@Fishstick VW correctly has 2 years with this burn rate

[@TWBJ_01]

Cut the ICE ban nonsence, invest, improve and watch the polls grow. Simple.

[@calvinang1]

10 years too late. You have to ask why only now has the german gov decided its all hands on the deck?

[@patricknikola_]

Volkswagen already should have gone bankrupt after Dieselgate. Like many before me already said, it’s mainly arrogance. Look at what for example Tesla has been doing in terms of development on both hardware and software.

[@chelarucristian554]

Ask the founders and executives what did they do with money, beside buying new castles and new yachts, in the last 20 years.

[@stickynorth]

VW is the most exposed to a loss of Chinese sales... And with good reason... Charging European prices for Chinese made goods it not possible...

[@jnfunvufb]

China's economy is deflationary. Business as usual like ten years ago is huge mistakes for VW.

[@iakona23]

EVs will keep getting better and better relative to ICE cars. The entire German auto industry may go the way of once dominant mobile phone companies Nokia and Ericsson. They need to install temporary trade barriers to keep out Chinese EVs, while partnering with Tesla to catch up.

[@kashyapchodankar7568]

Forget about software even Android auto does not work properly on vw cars how do they think people will buy their cars

[@mehediimran8256]

At last DW admit it

[@mathieug6136]

Cars come right before housing

[@GearUpind]

People don't know wt to buy ICE or Ev confused at the same time US market they stick 1 brand for Evs and other 75% they buy ICE and same in Asia Japan, Korea China and India they stick 1 Ev brand except China because they produce mos of EV's but Europe most of them confused between whether to buy a car or Ev there is no ICE and Germany is more exposed to China than any country in Ev space

[@DummyUseless-er3dn]

Reduce the car prices by 50%. Provide a good automatic BEV Sedan with a range of 600kms for a price of 30K euros or less with a warranty of 10 years

[@krishnendunayek2060]

What's about Motor Cycles?

[@greggpon7466]

The Chinese has a huge advantage because of the size of their market. China can get a better price reduction curve right from the effects of wrights curve. Or economics of scale in orhe words.

[@groundreality5360]

Why don't you name Russia.

[@Azizulhakimsm007]

You cant stop China ❤❤❤ China live in 2050

[@xxxyyyzzzaaa565]

Then please sell their cars in 2050 in germany

[@nguyep4]

Maybe it is better to help the flooding areas with 2050 timeskip?

[@RowHighlights-x8r]

They are desperate. They are after turkish doner to make a brand for them worldwide.

[@Zero4Infinitives]

Quality has been very very poor lately and thats why theu are loosing in sales now.

[@harleydavidson4254]

@Zero4Infinitives Lately? Quality has been bad for decades!

[@botatobias2539]

In other words, skill issue.

[@saladien9987]

The German economy is in a free fall for 20 years. Only the target2 debt overshadowed this.

[@IvaTaiwan-u8z]

Russia 🇷🇺 Russia already won 🏆🥇🎉

[@bilic81bosna]

Ursula and green deal

[@rafaelmurciaballester5474]

For 70% people transportation legacies cars makers have dealers in a good place for hub of robotaxi. The software and hardware today could be Mobileye or Tesla, tomorow could be own. Other 30% private cars will be, 15% rich people, and other 15% for capricious people on small car. EU doesnt let chinnese cars enter to europe. US doesnt let HW or SW for AV. Now chinnese gobern is killing luxury desire of BMW and MB, because dont let enter chinnese car to europe.

[@ioanbota9397]

Its interestyng

[@bhaskarroy6760]

Who moved my cheese!!!

[@Illusion-946]

All credit goes to America 😅😅😅

[@fabibreaker9963]

Nothing new in it, only spreading of poor sentiment

[@rs1357]

Car manufacture: Trade war with China will destroy us. Meanwhile EU: We are protecting you lololol🤣🤣🤣

[@toku_gawa]

Anyone remember Nokia

[@jarl9510]

Well they just not in the segment that is intresting. Take the new golf for example an 1.4 motor for 30000+ i mean comon. While mazda is offering the same with an 2l engine. Enignes that are done after 180000kms. A mate of mine had a golf with dsg gearbox and he neded a new gearbox after 80000. The Volkswagen dealer said that was normal !! Also on the electric part was looking at an advertisement new golf range 142 km. Like only 142 km thats nothing and it costs 32000 without tax. On top of that they have issue after issue motor code errors computer errors batterys that are on fire. 30000+ i expect a premium and reliable product. Nah no Volkswagen for me not even if they are getting cheaper. German car manufacturering was all about it beeing a premium reliable car witch they dont make no more.

[@diazvirdani1059]

*fast Germany🇩🇪 recognise Palestine country in UN. like poland, czechia, sweden recognised 2 country (Palestine & Israel).*

[@jisungpark8952]

한국의 현대기아차 그룹과 손잡으면 다 해결되는 문제입니다. 독일은 고민에 빠지지 말고 한국과 친하게 지내면 모든 문제가 해결됩니다. ㅎㅎ

[@vh3437]

We will never have a mass adoption of EVs. We should protect the know how acquired on Combustion Engines Technology and try to invest on synthetic fuels. EVs will be great for Amazon, DHL, basically local deliveries and for short distance commuters. Apart from that no one is willing to invest so much money in a vehicle which after just 2 years has lost more than half of its retail value and no one will be interested in buying it second hand.

[@harunkimani1429]

This is a result of you supporting the war and rejecting cheap gas

[@jnfunvufb]

To be fair, losing a market share in China dose not reflect the problems that German Auto industry faces right now, because their economy and each brand need bargain-selling their car with negative profits. Even Chinese themselves which is Said to win over German auto didn't make any profit out of the economy. This comment section is filled with Chinese bots but I disagree that Chinese EV has an advantage over German car for any reason other than they being cheap. It's all about energy

[@IvaTaiwan-u8z]

😂😂😂😂😂😂😂😂😂😂😂

[@rasputindasilva858]

It's about time chinese drive cars and europeans steer bycicles.

[@efilhgih]

Germany is paying the price for going woke.

[@HuuieDuoyngh-e8i]

We dont care_ we drive American cars

[@FPV_Luke]

Don’t make me laugh. VW group is loaded with money. German government will never allow for VW collapse. As it will have massive implications for the economy and safety on the streets. I literally placed an order few days ago for a latest VW Golf 8. Greetings from Poland.

[@laujack24]

having money dont change the perspective that their chinese market are going away, which account for 40% car sold and 50% of the profit/revenue. I dont doubt they will be fine long as the german government willing to proc them up, but they can say good bye to that 9 million cars a years. realistically you be looking at 5-6 millions a year by the end of the decade if they are lucky. face it days auto industry being owned by german and japanese are over, chinese gonna dump all their ev and flood the global market with cheap ev and phase them out one by one just as they did in their domestic market. If europe is smart, better put up huge trade barrier and start dumping money to help company thats about to go belly up

[@mikafiltenborg7572]

VW debt. 192,000,000,000 $....

[@mikafiltenborg7572]

VW debt. 192,000,000,000 $

[@mikafiltenborg7572]

VW debt : 192,000,000,000 $

[@mikafiltenborg7572]

VW debt : 192,000,000,000 $

[@antoinepageau8336]

Easy answer, let the China have access to European market so long as they build the vehicles in Europe. Yes the next 20 years will be difficult for the German/ European auto industry but I believe through innovation over time they can build compelling and competitive vehicles. Also in 20 years the auto industry should look very different than what it does today. Self driving cars are almost here, and this will affect the automotive landscape and car ownership rates should plummet.

[@sun2020able]

🤣🤣🤣🤣🤣