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Automobiles

Age of electric cars to drive painful job cuts for Japan and Germany

EVs requiring half the parts of conventional autos will bring tectonic shift to industry

FRANKFURT, Germany/TOKYO -- The electric car represents a breakthrough both in combating climate change and transforming industry through technology. But for Japan and Germany, whose economic success rests on gasoline- and diesel-powered cars, the disappearance of combustion engines comes with painful job cuts. 

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