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Merz Sets Oct. 9 Auto Summit to Confront Germany’s Car Industry Crisis

Berlin aims to forge a common plan as layoffs mount, with new investment pledges presented as a counterweight.

Overview

  • The chancellor plans to bring together federal ministers, premiers from auto-heavy states, major manufacturers, suppliers, and labor representatives at the Chancellery.
  • Discussions will target sliding sales, intensifying Chinese competition, the costly shift to electric vehicles, plus a tariff dispute with the United States.
  • Bosch has confirmed plans to cut 13,000 additional jobs, while VW, Mercedes-Benz, BMW, Porsche, and Audi have reported significant profit declines.
  • Government circles express concern that roughly 150,000 industrial jobs have been lost over the past year.
  • Merz cites about €900 billion in planned investment over the next three years and says 90 companies have joined the Made in Germany initiative, a message the CDU is elevating ahead of next year’s state elections.