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In Germany, Volkswagen is to close at least three factories, cut tens of thousands of jobs and cut wages by ten percent. At the same time, Tesla shares surged after the company's latest quarterly report. Electric cars versus internal combustion engines. And Europe against the United States. What is happening? And what does China's progress in the automotive industry mean for the European economy? We talk about that in this week's episode of the World Economy with Katrine Kielos and Claes Måhlén. ______________________________ Do you like the video? Subscribe to EFN on YouTube: https://www.youtube.com/efnekonomikan... Please visit http://www.efn.se for more of our content. X: https://x.com/efntv Facebook: / efnekonomikanalen Instagram: / efnekonomikanalen Linkedin: / efn Tiktok: / efn_ekonomikanalen