Overview

• The government set 9 October for talks bringing federal ministers, leaders of auto-producing states, major manufacturers and suppliers, labor representatives, plus steel industry voices.
• Bosch announced 13,000 additional job cuts, highlighting the intensified retrenchment across the supplier base.
• Roughly 150,000 industrial jobs were lost in the past year, a development officials in the chancellery view with growing concern.
• Carmakers are contending with weaker sales, the rapid shift to electric vehicles, heightened competition from China, and new U.S. trade barriers that have hurt exports.
• Merz says investment commitments now total €900 billion over the next three years, with 90 companies joining the ‘Made in Germany’ initiative.