Germany’s auto industry – outrun by Tesla – to axe thousands more jobs
Baua Electric
JANUARY 23, 2024
BMW says it is now investing $711 million (€650 million) to convert its main factory in Munich to exclusively produce electric vehicles by the end of 2027, in hopes of pushing its next-gen Neue Klasse EVs forward. FTC: We use income earning auto affiliate links. But for German automakers, there is still time to turn it around.
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