Home / Business and Economy / German Auto Giants Warn of Historic Disruption
German Auto Giants Warn of Historic Disruption
17 Sep
Summary
- Regional leaders urged faster government and EU support.
- The automotive industry faces unprecedented challenges.
- Protection measures are needed to prevent industry damage.
Leaders from three German federal states, significant hubs for the nation's automotive sector, have issued a joint statement urging swift action.
They called upon the German government and European Union leaders to expedite support measures. The automotive industry is currently navigating what they describe as "historic disruptions."
Without enhanced regulatory frameworks domestically and robust trade protections, the industry risks facing "irreversible damage," according to the statement from Baden-Wuerttemberg, Bavaria, and Lower Saxony.
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