German car industry struggles with Chinese competition, high costs
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DPA
DPA
Germany’s automotive industry is under pressure as it faces fierce competition from China, backlogs in new technology and weaker demand, industry experts warned ahead of the annual IAA Mobility show in Munich. Without “massive reforms,” Germany risks losing its distinction as a car industry powerhouse, the president of the German Association of the Automotive Industry (VDA), Hildegard Müller, told dpa on Monday. Müller mentioned over-regulation, slow political decisions and the lack of a legal framework for future issues such as artificial intelligence as key issues. The main point, she said, …