Auto supplier from southern Germany is insolvent: 5,000 jobs are at risk. After suppliers such as ZF Friedrichshafen, Continental, Michelin and Goodyear got into difficulties, widespread insolvency is now following.
The automotive industry is currently undergoing a huge transformation due to the switch to electromobility. The construction of combustion cars requires much more staff than electric cars because the latter consists of fewer parts. Accordingly, fewer positions are needed. What happens next remains to be seen.