German Auto Industry Crisis: Merz to Meet Leaders on October 9
The German automotive industry is facing a severe crisis, with automakers warning of a potential collapse. Federal Chancellor Friedrich Merz is set to meet with industry leaders on October 9 to discuss solutions, as over 700,000 jobs hang in the balance.
The meeting, scheduled for October 9, 2025, at the Chancellery in Berlin, will bring together CEOs of BMW, Mercedes-Benz, and Volkswagen, heads of major suppliers, union representatives, and minister-presidents. The electric vehicle industry's acute crisis and the proposed combustion engine ban from 2035 are at the heart of the discussion.
Automakers have called on the German government to prevent the economic collapse of the industry. Bosch, a major supplier, has already announced plans to cut 13,000 jobs by 2029, highlighting the industry's dire situation. The tax exemption for electric vehicles is also under scrutiny, with critics arguing it's unrealistic due to financial constraints.
The automotive industry's future hangs in the balance, with the October 9 meeting set to decide its fate. The government's plans to abolish the motor vehicle tax for electric vehicles from 2026 aim to encourage their adoption, but the industry's acute crisis and job fears remain pressing concerns.
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