Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag German automakers lost 51,000 jobs as firms shift to defense production amid rising military spending.

flag Germany’s auto industry has lost over 51,000 jobs—7% of its workforce—in the past year due to inflation, global competition, and shifting demand. flag In response, companies like JOPP Group and Deutz AG are pivoting to defense manufacturing, producing military drones, unmanned vehicles, and tank engines. flag This shift is fueled by increased European defense spending and changing public attitudes following Russia’s invasion of Ukraine, offering struggling firms a lifeline amid ongoing auto sector challenges.

17 Articles