Workers assemble the new Volkswagen ID.4 electric sport utility vehicle (SUV) at the VW factory on September 18, 2020 in Zwickau, Germany. Volkswagen will officially present the ID.4 towards the end of September. In addition, Volkswagen also produces the smaller ID.3 at the Zwickau plant. Both cars are meant to lead the company towards mass sales in the electric car market and provide it with strong competition against rival Tesla. (Credit: Jens Schlueter—Getty Images)
There is an elephant in the room of the 2024 edition of the Fortune 500 Europe. It’s not a crisis-riddled company or scandal-hit CEO. Rather, it’s the whole German economy.
For most of the 21st century, economists and neighboring countries have looked to Germany with admiration and envy as it managed to weather economic storms with relative ease, capitalizing on trade with growing economies and expanding the power of its industrial giants in the process.
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