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Matthias Schmidt

Matthias Schmidt

German car industry braces for more plant closures and job cuts
Business News

German car industry braces for more plant closures and job cuts

Volkswagen's plan to close four factories and cut 100,000 jobs - not yet approved by the board of directors - is just one of several expected cuts in Germany's giant car industry. BMW and Mercedes-Benz, as well as several major German suppliers, are on the same track
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