High costs, stiff competition from Chinese EVs: German automakers face rough road ahead
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In recent months, Germany’s big three auto companies have issued profit warnings amid tariff tension between the European Union and China. BERLIN: Warning lights are flashing for Germany’s most prominent industrial export. Its auto sector – long recognised around the world for heavyweights like Mercedes-Benz, BMW and Volkswagen – is facing unprecedented pressure from China. Several Chinese electric vehicle makers have been making inroads in Europe with new technology-laden vehicles, offered at
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