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Europe's energy crisis hits German automotive industry

CGTN, 26 Oct 2022
For more:
https://news.cgtn.com/news/2022-10-26/Europe-s-energy-crisis-hits-German-automotive-industry--1erZ25MpXmE/index.html

#Europe's car manufacturers have been hit by another roadblock. Following logistics backlogs caused by COVID-19 shutdowns and a scarcity of #semiconductors, they must now navigate the complications of rising energy prices and potential power cuts.

#Germany approved a 200-billion-euro (about $199 billion) energy relief package on October 21 to help ease skyrocketing prices for industries and households. This comes as the country's car makers suffer a blow from the ongoing energy crisis.

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