Challenges and Competition in the German Car Industry's Transition to EVs

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This chapter explores the challenges faced by German car companies in transitioning to electric vehicles, including the need for research and development, job shedding, and competition from Chinese car makers. It also discusses the potential consequences for the German car industry and their efforts to boost margins and appeal to customers.

Brussels threatens to hit Hungary’s economy if Viktor Orbán vetoes Ukraine aid, the UN’s highest court orders Israel to limit harm to Palestinians in Gaza, Germany’s carmakers are struggling amidst the transition to electric vehicles, and EY and Bank of America are monitoring workers’ in-office attendance.

Mentioned in this podcast:

ICJ orders Israel to limit harm to Palestinians in Gaza

German car suppliers struggle to adjust to EV shift

Brussels threatens to hit Hungary’s economy if Viktor Orbán vetoes Ukraine aid

EY starts monitoring UK staff office attendance with turnstile data

Biden says Iran-backed militants killed 3 US servicemen in drone attack

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Joanna Kao, Zach St. Louis, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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