Tuesday 15 Apr 2025

Stefan Nicola

19 Jan 2023, 08:00 am
Germany’s make-or-break moment to defend its auto industry is hereGermany for decades led on well-engineered combustion cars. It’s now facing a watershed year in the quest to retain an edge in the age of electric vehicles. Europe’s biggest economy is under growing pressure to retool dozens of fossil fuel-era factories employing tens of thousands of workers in a race for clean-technology leadership with the US and China. Volkswagen, Mercedes-Benz and BMW are rolling out several new battery-powered models in the coming months that will be pivotal to proving they can finally start to narrow the gap to Tesla and China’s BYD, the two clear leaders in EV sales. At stake is nothing less than Germany’s future as a global industrial powerhouse.
By Stefan Nicola / Bloomberg
19 Jan 2023, 08:00 am

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