Germany’s auto industry – outrun by Tesla – to axe thousands more jobs
Baua Electric
JANUARY 23, 2024
Back in 2022, the company said it would spend €2 billion in retraining some of its more than 400,000 staff to be better equipped to work in EV parts production. FTC: We use income earning auto affiliate links. ZF adds that jobs will be inevitably lost because EV components require half the labor to produce compared to ICE vehicles.
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