economy

German Carmakers Embark on Historic Job Cuts as Chinese Rivals Flood Market

Threat to Industrial Model of Europe’s Largest Economy Mounts

German Carmakers Embark on Historic Job Cuts as Chinese Rivals Flood Market

TL;DR

  • Threat to the industrial model of Europe's largest economy.
  • Carmakers are undertaking historic job cuts.
  • Chinese rivals are flooding the market.