Traditional Businesses Face Extinction: What’s Happening?

Here’s‍ a breakdown of the key information from the ​provided text:

*‍ German Loyalty to Combustion Engines: germans are still favoring cars wiht combustion engines.
*⁢ Declining Electric ​Vehicle​ Demand: ‌ Demand for electric ⁤cars has decreased,especially after the environmental ⁤bonus (likely a government incentive) was removed.
* External Market Challenges:

‌* US Market: donald Trump’s trade policies are⁣ creating problems for‌ the automotive industry in the ‌US.
‌ * Chinese Market: ​ demand is ⁢falling in China, a key market for‌ car sales.
* Industry Impact: These factors ⁤are contributing to job cuts and bankruptcies, especially among automotive‌ suppliers.
* Recent Insolvency: Another automotive supplier has recently faced insolvency, impacting 320 employees across six locations in germany.

In essence,​ the article paints a picture of a struggling transition to electric vehicles‍ in Germany, compounded by global economic and political headwinds.