VDA warns that Europe’s auto industry crisis has no off-ramp
The German Association of the Automotive Industry (VDA) has warned that job cuts and plant closures across Europe's car industry are now inevitable, marking a notable shift from resistance to acceptance at the country’s most powerful trade body. VDA President Hildegard Müller told Bloomberg on 8 July that automakers have been squeezed for too long by exorbitant energy and labour costs, as well as interminable bureaucracy; as such, it cannot be avoid that “not every production location can be there also in the future.”
Subscribe to Automotive World to continue reading
Sign up now and gain unlimited access to our news, analysis, data, and research
Subscribe
Already a member? Log in here
Login
AP by OMG
Asian-Promotions.com |
Buy More, Pay Less | Anywhere in Asia
Shop Smarter on AP Today | FREE Product Samples, Latest
Discounts, Deals, Coupon Codes & Promotions | Direct Brand Updates every
second | Every Shopper’s Dream!
Asian-Promotions.com or AP lets you buy more and pay less
anywhere in Asia. Shop Smarter on AP Today. Sign-up for FREE Product Samples,
Latest Discounts, Deals, Coupon Codes & Promotions. With Direct Brand
Updates every second, AP is Every Shopper’s Dream come true! Stretch your
dollar now with AP. Start saving today!
Originally posted on: https://www.automotiveworld.com/analysis/vda-warns-that-europes-auto-industry-crisis-has-no-off-ramp/