On Monday, Audi, a premium division of Volkswagen, announced plans to cut up to 7,500 jobs in Germany. This decision impacts areas such as administration and development, reflecting an ongoing trend of cost-cutting within the German automotive industry.

Germany's automotive industry, historically one of the strongest in the world, is currently facing significant challenges. Car sales have declined, while production costs have soared. As a result, companies like Volkswagen AG $VOW.DE and Mercedes-Benz Group AG $MBG.DE are struggling to transition to electric vehicles.