Eckard Cordes, former chief of Daimler, blew the whistle on the insanity of the German government policy in an interview yesterday with the Berliner Zeitung. Germany is giving up its lead and sacrificing a key industry, even though demand for the product remains high. “The car industry is the backbone of the German economy,” says Cordes, pointing to the Germans’ lead: “We have the best know-how in the world when it comes to the internal combustion engine.” However, if there is no longer a market for internal combustion engines in Europe, plus extremely high energy costs, companies will pull out of Germany. German workers and their families will fall by the wayside. Berliner Zeitung quotes one manager saying, “It’s all bullshit the way this is going right now.”
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