German stakeholders are striving to prevent a crisis in the auto industry

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AS the predicament in Germany’s auto giant Volkswagen (VW) unfolds, several jobs are on the line. Stakeholders from various sectors are collaborating to prevent a crisis in the automotive industry, particularly concerning VW.

Earlier this week, German Economics Minister Robert Habeck convened a “car summit” to discuss the headwinds facing the country’s auto industry with representatives of the German Association of the Automotive Industry, workers’ union IG Metall and leading carmakers such as VW, BMW and MercedesBenz. The summit aimed to find common ground to navigate the industry challenges.

The summit failed to yield an immediate solution, but Habeck was quoted by local media as saying that the government would devise concrete measures to tackle the current crisis. Some analysts said this puts the German auto industry at a “make or break” moment. — Xinhua

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  • An aerial photo taken on 20 August 2023 shows a view of Volkswagen (Anhui) Automotive Company Limited in Hefei, east China’s Anhui Province. PHOTO: XINHUA
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