The German auto industry has been resting on its laurels for too long, the head of Volkswagen said in an interview with Süddeutsche Zeitung.
Crisis of the German auto industry
The top manager noted that the business model of German carmakers for decades was that they developed and produced cars in Germany for the whole world. However, they realized too late that the world is changing extremely quickly and dynamically.
Changes in the global auto industry
The global automotive industry is undergoing significant changes due to the transition to electric vehicles and changing business models. German carmakers, which have long been industry leaders, are now facing challenges and must adapt to the new conditions.
The need for change
The head of Volkswagen emphasized that the German auto industry must change to remain competitive. This requires significant investments in new technologies, changes to the business model and adaptation to changing market needs.
The Future of the German Auto Industry
The future of the German car industry depends on its ability to adapt to changes and innovations. This requires not only significant investments, but also a change in mentality and approach to business.
In conclusion, the German auto industry must wake up and realize the need for change in order to remain a leader in the global auto industry.
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