Germany’s Carmakers Accelerate Cuts at Home on China Reckoning

Germany's largest automakers are restructuring their manufacturing operations and locations as earnings from China decline and domestic production costs remain elevated. Volkswagen, BMW, and Mercedes-Benz have announced workforce reductions and plant closures in Germany. The companies cited reduced profitability in China and competitive pressures from lower-cost electric vehicle manufacturers in that market.

• Bloomberg — Germany’s Carmakers Accelerate Cuts at Home on China Reckoning

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