At Volkswagen, numerous jobs and entire production sites face an uncertain future. Source: SIPA USA / Stefan Rampfel/dpa/picture-alliance/Sipa USA/AAP Image
Volkswagen embodies the profound challenges facing Germany’s automotive industry: high costs, changing markets and increasingly fierce international competition are putting the iconic carmaker under pressure. Economics professor John De New explains why the crisis extends far beyond Volkswagen, what mistakes he believes have been made in recent years, and why innovation and long-term strategies are crucial to the future of the industry.
Volkswagen embodies the profound challenges facing Germany’s automotive industry: high costs, changing markets and increasingly fierce international competition are putting the iconic carmaker under pressure. Economics professor John De New explains why the crisis extends far beyond Volkswagen, what mistakes he believes have been made in recent years, and why innovation and long-term strategies are crucial to the future of the industry.
Prof. Dr. John P. de New vom Melbourne Institute für angewandte Wirtschafts- und Sozialforschung an der Fakultät für Wirtschaft und Ökonomie Credit: Supplied
