The heart of the European industrial economy is Germany, and there’s major trouble afoot within the largest industrial sector within Germany. EU banking and finance followed suit, funding investment capital for electric vehicles (EVs) to replace combustion engines. Unfortunately, this put the EU, specifically Germany, in the position of competing against the largest EV industrial base in the world, China. Including job losses at Volkswagen, Audi, and Porsche, the German auto industry is expected to eliminate nearly 100,000 jobs by 2030, according to an analysis by Bloomberg. Bankruptcies among German suppliers are climbing sharply, with 30 percent more expected in 2025 compared with last year, according to a report from consultancy Falkensteg.