It’s nearing Opel’s death and the heads of BMW and Daimler wouldn’t want the government to keep its hands out of the situation.
The Carpocalypse is bringing out what people really have in mind for the industry. Though Europeans are used to motherly over taxed states, when it comes to the car industry it’s another story.
The Financial Times quotes the Daimler head: “Every industry needs structural development and this is not something that should be influenced in the long term by governments.” BMW CEO Norbert Reithofer comes with the kontrapunkt: “I have an understanding when it is about banks because they are central elements of an economy. But for the rest, where do you start and…stop?”
The magnates of the German auto industry might not be afraid of what’s happening but of course there will be a time when they will be the only ones left. Is this the point in fact? The government will not just sit and see the others get plummeted down. The market is healthy when there is competition. Oligarchy is never an option for a good industry.
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