Increasingly strict regulations, especially those meant to slash automotive emissions in the European Union could cause the collapse of the German auto industry.
“From today’s point of view the chances are perhaps 50-50 that the German auto industry will still belong among the global elite in 10 years’ time,” said Herbert Diess, CEO of Volkswagen, who was appointed VW’s chief executive earlier this year, following a senior management shake-up.
Read the article at The Detroit Bureau.
