German of the day: Sich ins Knie schießen

That means to shoot yourself in the foot, only in German it’s the knee.

With the highest energy prices in Europe (in the world?), what choice does German industry have but move? Go Greens.

German auto industry in ‘crisis’ as investments, jobs move abroad, lobby says – Germany’s standing as an automotive industrial hub risks being hollowed out as investments and jobs drift abroad, an industry association warned on Tuesday, calling on Berlin and Brussels to focus on measures that spur growth.

“Germany is experiencing a huge crisis as a business location,” VDA President Hildegard Mueller said.

A VDA survey of small- and medium-sized German enterprises across the auto supply chain, presented by Mueller on Tuesday, showed that 72% of companies plan to dial back their investments in Germany, either by moving them abroad (28%), postponing them (25%) or cancelling them completely (19%).

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