Germany news: Car industry hemorrhaging jobs
The country's famed auto sector is losing jobs faster than any industrial branch in the economy, official statistics show. Meanwhile, farmers say drought conditions could affect this year's harvest. DW has more.
Germany's car industry is experiencing significant job losses, as reported by the Federal Statistical Office. In the first half of 2026, compared to the same period last year, there was an 8.3% increase in new business registrations, totaling 352,400 new businesses. Of these, 69,600 were deemed businesses of greater economic significance, a 3.0% rise from the previous year.
Conversely, the number of complete business closures in this category decreased by 3.8% to approximately 49,800. The report suggests that the car industry is among those businesses experiencing closures.
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