While making this mistake again. The dependency mistake. See the Russian energy dependency mistake. This time it’s the hooked on China mistake.
China is a key market for German automakers including Volkswagen, BMW and Mercedes-Benz. If not the key market. And it will remain that way, despite the German government’s latest public relations move.
German auto industry could face tougher rules over China relations – Germany’s auto industry could face tougher rules on disclosing information over its China relations.
Germany’s foreign ministry plans to tighten the rules for companies including automakers that are deeply exposed to China, making them disclose more information and possibly conduct stress tests for geopolitical risks.