The Financial Times
“No one will survive in the form they exist today,” predicted Ralf Kalmbach, a partner with Bain & Company, who has spent 32 years advising German carmakers.
The enormous expense of this transformation, he added, has left the engine of the country’s postwar Wirtschaftswunder, or economic miracle, facing the “biggest crisis since the invention of the automobile” by Karl Benz more than a century ago.