Why Germany needs a new industrial strategy

Volkswagen announced a 44% drop in annual profits and 50,000 planned job cuts. How did this happen? DW Business reporter Steven Beardsley outlines the key drivers of Volkswagen's decline and of the sector and Marcel Fratzscher, president of the German Institute for Economic Research, explains what Germany can still do to restore profits and its reputation. Listen to full episodes of The Dip and subscribe to the podcast here: https://pod.link/1840373319 #DWdip #DWbusiness For more news go to: http://www.dw.com/en/ Follow DW on social media: ►Instagram: https://www.instagram.com/dwnews ►TikTok: https://www.tiktok.com/@dwnews ►Facebook: https://www.facebook.com/deutschewellenews/ ►Twitter: https://twitter.com/dwnews Für Videos in deutscher Sprache besuchen Sie: https://www.youtube.com/dwdeutsch Subscribe: https://www.youtube.com/user/deutschewelleenglish?sub_confirmation=1

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