LTP News Sharing:

Germany is on the brink of recession as its auto industry hits a 22 year low. Tesla – and the EV movement – has disrupted the backbone of Germany’s economy. The economy is being dragged down by a seismic slump in car manufacturing. The Tesla effect – and the shift to electric vehicles – is leaving Germany in dire straits. The latest economic figures out of Germany aren’t pretty: zero growth for the fourth quarter. Reuters compared the challenge facing Germany with 1970s Detroit, where a rapid decline in the auto industry decimated the entire city. It could well be…

Go to Source
Author: