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Uwe Kanning

Featured in 1 tracked story · first seen about 14 hours ago

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German auto industry restructuring and job cuts

173 clusters · 1231 sources · last updated 1 day ago

Latest: Volkswagen approves restructuring plan including 50,000 global job cuts

The German automotive industry is undergoing massive restructuring driven by fierce competition from Chinese electric vehicle manufacturers and a significant slump in Chinese sales. By late July 2026, BMW reported a 35%