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   Marce :solidarity: (marce@kolektiva.social)'s status on Saturday, 10-Feb-2024 23:56:07 JST Marce :solidarity:

   Germany’s Days as an Industrial Superpower Are Coming to an End - Bloomberg

   "Fading industrial competitiveness threatens to plunge Germany into a downward spiral, according to Maria Röttger, head of northern Europe for Michelin. The French tiremaker is shutting two of its German plants and downsizing a third by the end of 2025 in a move that will affect more than 1,500 workers. US rival Goodyear has similar plans for two facilities.

   “Despite the motivation of our employees, we have arrived at a point where we can’t export truck tires from Germany at competitive prices,” she said in an interview. “If Germany can’t export competitively in the international context, the country loses one of its biggest strengths.”

   https://www.bloomberg.com/news/features/2024-02-10/why-germany-s-days-as-an-industrial-superpower-are-coming-to-an-end

   #Germany #Deutschland #EU #Europe #Europa #Bloomberg #NATO #Russia #Geopolitics #Economy #Economics #Ukraine #US #USA #EuropeanUnion #West #WWIII