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Industrial (Equipment & Services)
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Captures the enormous upheaval and confusion in the German auto industry right now pretty well. Tesla's proposed new plant in Brandenburg starting without legacy, baggage and 50 years of groupthink drives the point home. The key question is whether Germany will be able to sustain comparative/competitive advantage and jobs in carmaking in the era of batteries and autonomy. And mobility services that drive fleet procurement and creeping commoditization. The supply chain is starting to seriously wobble.
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