Webasto

electric motor: Europe’s auto suppliers reach the end of the road

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Emrullah Karaca has made brakes for the past 20 years, but he is now learning to assemble heat pumps instead, as the Continental factory where he works in northern Germany is slated to close. Production of the car component at the town of Gifhorn will end in 2027 and move to Croatia, the Czech Republic … Read more

Germany’s China shock: as Scholz leaves Beijing, others raise alarm about waning economic honeymoon

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While industrial America complained about being undercut by cheaper competition from China, Webasto became one of Germany’s many “hidden champions” that grew rich off China’s rise. German exports boomed as newly minted Chinese consumers bought their first cars, and factories around the manufacturing heartland needed machine tools and kit. German joint ventures helped school Chinese … Read more