With Trump threatening tariffs, Porsche, BMW look to next German govt for way out of crisis
- Posted on February 19, 2025
- By Business News Today
- 6 Views
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With Trump threatening tariffs, Porsche, BMW look to next German govt for way out of crisis
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Germanys auto industry is facing challenges with declining sales, high production costs, and trade tensions. The upcoming election is crucial as parties debate over necessary steps to revive growth. Key issues include tariffs, high manufacturing costs, dependence on China, slow EV market, and heavy bureaucracy. Industry leaders seek better policies to regain competitiveness.