Predictably the EU and UK auto industry in general is suffering largely due to ill considered Govt policies to force greater production of EVs etc. The German Auto industry seems more impacted than most with the real prospect of factory closures, and it is not just the car manufacturers but the massive auto parts manufacturers that supply them. So in the news recently both Brose and ZF announced cost saving measures and I wonder what that means for their continued investments in the E Bike market. I have seen no similar news reports re Bosch but I suspect that company is similarly impacted.