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The grim outlook for the German automotive sector foresees the loss of around 10,000 jobs monthly throughout the year. Analysts suggest that this trend could escalate, pushing the total figure even higher in 2025. With heavyweights in the industry spiraling into bankruptcies and job cuts, it is clear that a formidable mountain of challenges lies ahead.
Canada's Political Climate: Tariffs on Tesla?
Shifting gears to North America, Justin Trudeau's potential successor in Canada has ignited discussion regarding extreme tariffs on Tesla amidst fears of trade wars with the U.S. Chantal Freeland, a key candidate for the Liberal Party, has made headlines by advocating for a 100% tariff on Tesla along with other U.S. sourced goods in retaliation to Trump's threats.