The Volkswagen Crisis Exposes Germany’s Industrial Decline

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The Volkswagen Crisis Exposes Germany’s Industrial Decline

On October 9, European Union Trade Commissioner Maroš Šefčovič announced an on hybrid vehicles, following two days of talks with Chinese Commerce Minister Wang Wentao in Beijing. According to Šefčovič, over the next four years or so, Chinese exports of full and plug-in hybrids to the EU are expected to fall below half of previous forecasts. The specific quotas, minimum prices, or monitoring mechanisms were not discl…