German finance chief Friedrich Merz has urged the country to reclaim its leadership role in the global automotive industry, warning that Germany risks falling behind if it does not accelerate innovation and investment.
Speaking at an industry conference, Merz emphasized the need for faster adoption of electric vehicles, digital technologies, and sustainable manufacturing practices. “Germany has the expertise and heritage to lead the auto sector, but we cannot afford to trail behind emerging markets and competitors,” he said.
Industry analysts note that while German automakers remain strong globally, increasing competition from the U.S., China, and South Korea is intensifying the pressure to innovate and transition to greener technologies. Merz called for closer collaboration between government, industry, and research institutions to secure Germany’s future as a global automotive leader.
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