Comment

Comment by mentalgear

Germany’s powerful automotive lobby prioritized short-term dividends and executive bonuses over long-term survival. Instead of investing in EV innovation to future-proof the industry, they leveraged their influence with the conservative (CDU/CSU) and free-market (FDP) government parties to weaken national and EU emission targets.

This reliance on political lobbying rather than technological advancement was a fatal miscalculation: While executives spent the last decade fighting carbon taxes and stalling the EV transition, they ignored the reality of their primary export markets - most notably China where today German ICE cars are seen as obsolete - and the rest of the world rapidly pivoting to electric.

By choosing payday over progress, the "autobauers" & their political helpers have left the German workforce to pay the price. The looming job losses and economic instability are the direct result of a managerial class that traded their country’s industrial crown for a final decade of bloated bonuses.

parent mentalgear 8 months ago

Discussion

Live from the official Hacker News API

A modern reader for Hacker News · SvelteKit + Skeleton