Job cuts and halted investments. German auto industry in crisis

Germany risks losing its status as a key automotive industry hub. This assessment was presented on Tuesday by Hildegard Müller, president of the German Association of the Automotive Industry (VDA). According to her, the country is experiencing a "serious crisis as a business location," Reuters reported. The VDA presented a survey among 124 small and medium-sized automotive supplier companies in Germany, showing that 72% plan to reduce investments in the country, with 28% planning to move investments abroad. Müller warned that investment decisions impact the job market and that job losses could affect the country's social and political stability, noting that the AfD party directs its "offer" to those affected by employment uncertainty