Daimler To Lay Off Thousands Of Workers Over 2 Years

Daimler, a major automaker, plans to cut at least 10,000 jobs globally to redirect funds towards electric vehicle development. The company, which employs over 300,000 people, aims to save €1.4 billion by offering part-time retirement and severance packages. This move is part of a broader industry transformation towards CO2-neutral mobility, requiring significant investment. The German car industry faces challenges like declining profits, trade wars, slow tech adaptation, and reduced demand in China.

What does Daimler's personnel Chief say about the automotive industry's transformation?

What are some of the factors affecting the German car industry according to the text?