Germany’s days as an industrial superpower are coming to an end, opined Bloomberg on 10 February. The media firm blames competition from the USA, the energy crisis and declining Chinese interest in German products for this development, but there are further factors to consider. Michelin, which plans to close several plants within the country, suggests that an excess of bureaucracy is contributing to Germany’s unattractiveness as a manufacturing site.
Sourced from: https://www.tyrepress.com/2024/02/high-costs-bureaucratic-hurdles-michelin-on-germany-factory-closures/
