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Deutsche Bank Among German Firms Hit by Deepening Turkey Row

  • VW, Daimler, Siemens, Hugo Boss employ thousands in country
  • German exporters’ lobby says threat to business is ‘real’
Bloomberg business news

German-Turkish Tensions Escalate Over Trade

Updated on

A German government warning to companies against doing business with Turkey has put some of the country’s biggest firms on notice.

Deutsche Bank AG, Siemens AG and Volkswagen AG are among the German companies with deep roots in Turkey that date back many decades. German manufacturers also have numerous factories in the country that employ thousands of workers, leaving them vulnerable to the deterioration in diplomatic relations that has intensified in recent days.