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The cost of energy in Germany has everything to do with the car industry and industrial Manafacturing. As does the state of international trade when it comes to
by pauldenton 3y ago
The cost of energy in Germany has everything to do with the car industry and industrial Manafacturing. As does the state of international trade when it comes to selling those goods
- mytailorisrich 3y agoThe opening paragraph of the article, which is about "For decades, the phrase “Made in Germany” signaled cutting-edge automotive technology and design. But now German automakers are falling behind in the global race to produce more electric vehicles, and some executives are using a new catchphrase to describe how quickly they need to catch up: “China speed.”" This has nothing to do with recent fluctuations in energy prices. Of course the price of energy impacts manufacturing. But it is not key when it comes to EV and incoming competition from Chinese brands. In China itself, where German car manufacturers had moved very early and had a significant market share, the shift to EV is leaving German manufacturers in the dust. In the UK, companies have tended to blame everything on Brexit to hide their shortcomings. I feel there's a bit of that rhetoric but using energy prices here.