Here we go, yet another post in the long-running saga of ‘how Green energy killed the mighty German industrial complex.’
I’ve done tons of posts about them since I’ve been here and they only get more dire. Now that Germany is headed into an election on February 15th, even more scrutiny is being directed at former chancellor Olaf Schulz’s ruling coalition, which, in concert with Angela Merkel’s earlier insanity and the edicts of the European Union brahmins in Brussels, have brought the once might industrial engine of Europe…I can’t even say ‘to its knees.’
Germany is at the stage where they’re trying to keep the whole body from sinking into the economic morass they’ve created for themselves.
The country is at the point now where the biggest commercial imported threat to what industry they have left – the Chinese – have established footholds all over the country. Sectors are so weakened their last surviving German stalwarts can no longer fend off Chinese direct competitors moving in lock, stock, and barrel.
Chinese officials and automakers are eyeing German factories slated for closure and are particularly interested in Volkswagen’s sites, a person with knowledge of Chinese government thinking told Reuters.
Buying a factory would allow China to build influence in Germany’s prized auto industry, home to some of the oldest and most prestigious car brands, the person said.
Chinese companies have invested across a range of industries in Germany, Europe’s biggest economy, from telecommunications to robotics but have yet to set up traditional car manufacturing there, despite Mercedes-Benz having two large Chinese shareholders.
Any such move could mark China’s most politically sensitive investment yet. VW has long been a symbol of Germany’s industrial prowess, now threatened by a global economic slowdown hitting demand and a creaking transition to green technologies.
Building cars in Germany for sale in Europe would allow China’s EV makers to avoid paying EU tariffs on electric cars imported from China and could pose a further threat to European automakers’ competitiveness.
To hammer the point home again about the primary cause of the death of the industrial giant that was Germany? […]
— Read More: hotair.com
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