Waldemar Hartmann wrote that, according to the Ifo Institute, the German automotive industry is still in crisis. The mood has never been this bad this year, while the outlook remains at a low level. Furthermore, the industry association VDMA reported a real decline in order intake in the machinery and plant engineering sector of five percent compared to the previous year. Hartmann criticized that Chancellor Friedrich Merz is transferring 1.3 billion euros to Ukraine from the current budget to secure energy supply in winter and to finance current investments. According to Hartmann, Merz has lost all sense of Germany's needs. #Automobilindustrie #Deutschland #Wirtschaft (translated)
