Fierce competition from China and high energy costs are just two of the reasons Germany’s famous industrial machine is sputtering. How did this crisis come to pass, and can Germany adapt in time? (Corrected to replace image of German currency at 1:17) Explore these and other related stories in more depth on Bloomberg.com: BMW Offers Severance Packages to Employees to Cut 8,000 Jobs bloomberg.com/news/articles/2026-07-29/bmw-offers-buyouts-to-thousands-of-german-workers-to-cut-costs VW Eyes Cutting 100,000 Jobs and Closing Plants, Report Says bloomberg.com/news/articles/2026-06-26/vw-eyes-cutting-100-000-jobs-and-closing-plants-report-says 00:00 Introduction 00:57 The Importance of German Industry 01:07 Title Card 02:01 Germany's Industrial Output 03:11 The Three Pillars of Germany's Economic Success 03:35 The Energy Crisis 04:52 China Shock 2.0 07:36 Rising Protectionism and Trade Fragmentation 08:11 Government Response and Fiscal Constraints 09:38 Soci...