Sales of electric vehicles in Germany are plummeting — 70% fewer cars were sold in August compared to the same period last year. Across the EU, the EV segment has seen a 44% drop. Overall, car sales have decreased by 18.3%.

The main issue? YouTube. People are realizing that a car priced at $50,000 in the EU would cost just $25,000 in China. T…Read More

FT: Germany was not warned by the U.S. about the sale of the country’s third-largest bank.

JPMorgan Chase bankers, who advised the German government to sell its stake in Commerzbank, didn’t inform German authorities that they had invited the Italian financial group UniCredit to participate in the deal. According to the publication, Germany dis…Read More