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The Financial Times

German car industry faces ‘day of reckoning’

German car industry faces ‘day of reckoning’

Tens of thousands of jobs cut as auto groups pump billions into electric technology

  • dezembro 01, 2019
  • min read

The Financial Times

German car industry faces ‘day of reckoning’

“No one will survive in the form they exist today,” predicted Ralf Kalmbach, a partner with Bain & Company, who has spent 32 years advising German carmakers.

The enormous expense of this transformation, he added, has left the engine of the country’s postwar Wirtschaftswunder, or economic miracle, facing the “biggest crisis since the invention of the automobile” by Karl Benz more than a century ago.

The Financial Times