German carmakers suffering worst sales slump since lockdown
1 month, 2 weeks ago

German carmakers suffering worst sales slump since lockdown

The Telegraph  

The EU has imposed tariffs on imports of Chinese EVs after concluding that unfair subsidies from Beijing let the country’s manufacturers undercut Europe’s industry. However, German carmakers still face challenges from high energy costs and the need to fund the transition to electric manufacturing. German car part supplier Schaeffler earlier this week announced 4,700 redundancies, blaming weak demand and oversupply in the market. The coalition Government of three parties under Mr Scholz fell apart this week amid a rift over the country’s strict rules limiting public borrowing.

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Germany's ruling coalition collapses, Scholz govt in trouble; trust vote likely in January
Top News
1 month, 2 weeks ago

Germany's ruling coalition collapses, Scholz govt in trouble; trust vote likely in January

Firstpost  

German Chancellor Scholz sacked his finance minister, Christian Lindner, on Wednesday. German Chancellor Olaf Scholz fired his rebellious Finance Minister Christian Lindner on Wednesday, effectively ending the nation’s three-party coalition government. The decision followed weeks of intense disputes within the coalition, comprised of Scholz’s Social Democrats, Lindner’s Free Democrats, and the Greens. Scholz later held a press conference saying he …

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