The car industry is rarely out of the news, often under gloomy headlines related to tariffs, falling sales, low uptake of electric vehicles (EVs) and workers’ strikes.
While the crisis in the sector affects all global brands, German companies have been especially badly hit. Volkswagen has been reducing its production capacity, Mercedes-Benz has issued a profit warning and announced a cost-cutting programme and BMW’s value has dropped substantially over the past year.
