German auto supplier industry faces 100,000 job losses by 2030

An automotive expert predicts up to 100,000 job losses in the German auto supplier industry by 2030. This follows Bosch's announcement of 13,000 job cuts. The expert, Ferdinand Dudenhöffer, cites Germany's high costs and lack of competitiveness as reasons for the decline, impacting small and medium-sized suppliers and machine builders. Chancellor Merz is convening an automotive summit on October 9th to address industry challenges, including weak demand, geopolitical issues, and regulatory burdens.