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production

Two-thirds of German industry, 64 %, is suffering from material shortages and struggling to meet production, according to a survey by the Ifo economic institute. In the previous quarter, the number of companies reporting problems had already reached a record high, which has now been far exceeded,…
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BMW seeks to reduce manufacturing costs by 25 %

The German car manufacturer BMW announced that it will keep cuts due to the crisis caused by the pandemic and the high prices of raw materials. They will reduce production costs per vehicle by 25 % until 2025. Production manager Milan…