2024-09-10 13:29:08
Automotive
Economy
Business
What Volkswagen's Woes Say About Germany's Economic Future
Image courtesy of : AFP (MORITZ FRANKENBERG)
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t-online
Economy
Politics
China's exports are increasing, while German imports are plummeting; imports are growing slowly; glimmer of hope for recovery; trade figures show a decline in producer prices.
stern
Second Largest Economy: China's Exports Rise - German Imports Plummet
Economy
Politics
China's exports rose by 8.7% to $309 billion; imports increased by 0.5%. Exports to Germany +21.3%, imports from Germany -17%.
Tagesspiegel
Austerity measures at VW: Can the German economy withstand the decline of the automotive industry?
Economy
The Volkswagen plants in Germany could produce many more cars than are in demand. This is inefficient and shows: The end of the export-driven business model is approaching.
stern
Weak automotive industry: Minister of Economics calls for purchase incentives for electric cars
Economy
Politics
Olaf Lies, the Minister of Economics of Lower Saxony, is calling for purchase incentives for electric cars in order to support the struggling automotive industry. A reduction in value-added tax or tax credits are conceivable. Prime Minister Stephan Weil is also advocating for the reintroduction of the environmental bonus to boost the sales of electric cars.
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