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Automobile: support for manufacturers no longer unanimous in Germany

2020-05-20T17:46:59.956Z


Most parliamentary groups refuse to allow the taxpayer to finance a purchase premium when BMW, Volkswagen and Daimler are preparing to pay more than five billion euros in dividends.


In Berlin

Faced with the coronavirus crisis, the good old recipes, such as the scrappage bonus, are proving obsolete. A consensus seems to be emerging in Germany to find a more innovative aid program to revive a car market that has run out of fuel. In April, the latter fell 61% over a year: only 120,840 new cars were registered, according to the federal agency KBA. That is a third less than during the worst month of the 2009 crisis. At the time, the government had offered a check for 2,500 euros for the purchase of any new vehicle to replace a model of at least 9 years of age. In two months, the envelope of 1.5 billion euros had been consumed, forcing the public authorities to an extension of 2 billion.

Read also: How Macron rallied Merkel to the idea of ​​European financial solidarity

"This program will not be renewed," warned Minister of Ecology Svenja Schulze before the Bundestag. On April 9, the auto industry debated in the presence of Angela Merkel of a new plan whose first conclusions should be known

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Source: lefigaro

All business articles on 2020-05-20

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