“For the car industry, COVID-19 will stick around longer than the virus does,” Ferdinand Dudenhöffer, the head of the institute CAR-Center Automotive Research at Duisburg University, told DW. Dudenhöffer was alluding to Germany’s rapidly rising public debt amid the coronavirus pandemic. He believes the money needed to pay off that debt will long be lacking in other areas of the economy. “The car industry will be weak in Europe for some time to come,” he said. Pressure on the industry was growing even before the outbreak of the pandemic. Electrification and digitization require a lot of investment. Carmakers …
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