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Auto summit: Apparently no purchase premiums for cars with internal combustion engines

2020-09-08T19:51:26.408Z


At a video conference, representatives from politics and business agreed to examine additional aids for the ailing automotive industry. Suppliers in particular could benefit from this.


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Angela Merkel giving a speech at the VW plant in Zwickau (archive image)

Photo: DPA

Politics and business want to examine additional aid for the ailing German auto industry.

It is a question of whether and, if so, how a "market economy concept" to strengthen equity capital could be developed primarily by supplier companies, as can be seen from the results of the "Auto Summit".

This was available to the German Press Agency on Tuesday evening. 

On the other hand, the aim is to examine which other aspects should be taken into account in the "future investments" in the vehicle industry provided for in the economic stimulus package.

There is no mention of state purchase premiums for cars with modern combustion engines in the draft of the results paper.  

Working groups should examine these questions until the next meeting of the "Concerted Mobility Action".

The next top-level meeting is therefore planned for November.  

The top round also agreed to advance the digital transformation around cars and autonomous driving.

The charging network for electric cars should become more customer-friendly. 

In addition to Chancellor Angela Merkel (CDU), federal ministers and representatives of car manufacturers and trade unions, Prime Ministers from federal states in which many people work in the automotive industry took part in a video conference that evening.  

The CSU in particular is calling for state purchase premiums for cars with modern internal combustion engines in order to stimulate the demand that has fallen during the corona crisis.

In addition, the automotive industry is already in a difficult upheaval towards alternative drives.

Then there is the digital change.

IG Metall, Greens and SPD had campaigned for a state investment fund to help medium-sized companies in the auto industry.  

In June the coalition decided on an additional program totaling two billion euros for future investments by vehicle manufacturers and the supplier industry.

This is intended to promote investments in new technologies, for example.

The Ministry of Economic Affairs is currently working on implementation. 

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pgo / dpa

Source: spiegel

All business articles on 2020-09-08

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