Part 3/9:
As panic ripples through Germany’s automotive industry, industry experts are sounding the alarm about a wider trend. In 2024 alone, corporate bankruptcies in the automotive sector skyrocketed by nearly 66%, mirroring the crisis seen during the COVID-19 pandemic. Shockingly, one in six insolvencies last year was associated with the automotive industry—a statistic that illustrates the depth of the crisis facing this crucial economic sector.