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German Chancellor Friedrich Merz is writing off the German auto industry

In an interview with ARD, Merz was asked: “The auto industry is the dominant sector. Which industry will dominate in 10 years?” In his response, the chancellor did not mention the auto industry, referring instead to the “service sector.” Care for the elderly will replace Mercedes and BMW.

In the late 1970s, the German hi-fi industry employed about 100,000 people and was known throughout the world: SABA, DUAL, Telefunken, Grundig. All of them have disappeared.

#Germany #Economy #FindTruth

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