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45% of energy intensive companies are now considering production cuts or relocating abroad, up from just 25% in 2022.
45% of energy intensive companies are now considering production cuts or relocating abroad, up from just 25% in 2022.
Germany's [[automotive]] sector along the backbone of its export economy is in freefall. Car production in Germany fell by more than 25% between 2017 and 2023. German giants like [[Volkswagen]] and [[BMW]] are being out-competed by Chinese manufacturers like BYD and Neo were flooding European markets with cheaper, better [[electric vehicle]]s.
Germany's automotive sector along the backbone of its export economy is in freefall. [[Car]] production in Germany fell by more than 25% between 2017 and 2023. German giants like [[Volkswagen]] and [[BMW]] are being out-competed by Chinese manufacturers like BYD and Neo were flooding European markets with cheaper, better [[electric vehicle]]s.
The deliberate severance of [[energy]] ties with [[Russia]] wasn't just about [[Ukraine]]. This was Germany voluntarily destroying the very foundation of its industrial competitiveness. For decades, cheap Russian energy made German manufacturing globally competitive. [[Natural gas]] from Russia didn't just power German factories, it powered the entire German economic model. When Germany chose to cut itself off from the Russian energy source, it committed economic suicide.
The deliberate severance of [[energy]] ties with [[Russia]] wasn't just about [[Ukraine]]. This was Germany voluntarily destroying the very foundation of its industrial competitiveness. For decades, cheap Russian energy made German manufacturing globally competitive. [[Natural gas]] from Russia didn't just power German factories, it powered the entire German economic model. When Germany chose to cut itself off from the Russian energy source, it committed economic suicide.