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The German automotive sector is suffering from a sharp decline due to reduced demand in Europe, the imposition of American tariffs, and increased competition from Chinese companies. Volkswagen Group plans to cut up to 50,000 jobs, bringing the total number of job cuts worldwide to 100,000. Nevertheless, the German Chancellor emphasized that companies can decide on controlling Chinese-owned factories, but warned that such measures are not a permanent solution to the sector's structural problems. Chinese companies are seeking investment opportunities in Europe, with the prospect of using German factories or acquiring them entirely. Meanwhile, Germany criticizes China for the devaluation of the yuan, which harms fair competition.
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