Mrs Leyen: Whatever she touches, it breaks. Mrs Leyen had ruined the German army by underinvesting and cost cutting. With Covid she was outwitted by the U.K. Now she ruined the German car industry with a terrible trade deal. Mercedes-Benz is expected to see its cash flow plunge from nearly $11 billion to about $3 billion this year, according to analytics platform Visible Alpha, cited by the FT. Forecasts for Volkswagen were slashed to $3.8 billion – less than half of last year’s $9.5 billion. Germany is de-industrialising. Why? 1/4

Posted by Fred Bassett