Financing rates soar to 7%, putting immense pressure on BMW and Volkswagen suppliers Continental's debt. This sends a warning signal to the German automotive industry.

YiCai app learned that the cost of refinancing debt for ZF Friedrichshafen AG, a manufacturer of gearboxes and other components for BMW and Volkswagen, has skyrocketed, showing that the challenges facing the German automotive industry are spreading upstream and downstream in the supply chain.