The American company Tesla hopes to begin production of the Model Y at a huge production facility near Berlin before the end of the year.
But Tesla could face the same problem that has hit German companies hard.
Disruption of global supply chains slows down production.
Volker Treier, head of international trade at the German Chamber of Commerce assures that_ "The problem is serious. Eight out of ten companies, from all sectors, report that they have been affected. And what is especially problematic is that almost the 50% of companies say that due to bottlenecks in the delivery of important materials: raw materials, industrial products, they have had to reject contracts or slow down production. "_
It is, of course, a global problem.
But the German economy is essentially global.
For Treier_ "The German economy is internationally connected like no other national economy of similar size. Our export share is around 50% of Gross Domestic Product. In Japan, for example, it does not reach 20%. So, for Of course, a situation like this makes us vulnerable. "
The German economy equates to the engine of Europe.
The hope was that after the pandemic subsided, that engine would quickly get going.
