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Auto pope makes drastic suggestion: "That would really help Mercedes, BMW, Audi and Porsche"

2020-09-08T06:57:32.374Z

Before the car summit on Tuesday, the debate about further aid for the crisis-ridden industry is in full swing. Now auto pope Prof. Dudenhöffer intervenes - with a drastic suggestion.



Before the car summit on Tuesday, the debate about further aid for the crisis-ridden industry is in full swing.

Now auto pope Prof. Dudenhöffer intervenes - with a drastic suggestion.

  • The next

    car summit

    is on Tuesday

    .

  • In addition to Chancellor

    Angela Merkel

    and some Prime Ministers, the heads of the car manufacturers are also there.

  • The situation is serious, warns car pope Prof.

    Ferdinand Dudenhöffer

    , further help for the industry is essential.

Munich - The head of the Center for Automotive Research (

CAR

), Prof.

Ferdinand Dudenhöffer

, has spoken out in favor of a drastic reduction in VAT.

A permanent VAT rate of ten percent on all products from 10,000 euros would

"really trigger demand impulses"

at

Mercedes, BMW, Audi and Porsche

, said Dudenhöffer in the run-up to the car summit on Tuesday

Merkur.de

*.

In the fight against the economic consequences of the

corona

pandemic, the federal government had reduced VAT to 16 percent on July 1 by the end of the year.

The previous VAT rate of 19 percent will apply again from 2021.

#ELEKTROAUTO ++ #EUROPA (EU28 + Switzerland + Norway) largest market region in the first half of the year +++ But #CHINA develops high dynamics with #TESLA +++ https://t.co/lrpSPuLXP5 pic.twitter.com/WeaRLy4BUy

- Ferdinand Dudenhöffer (@DudenhofferAUTO) September 6, 2020

BMW, Audi, Mercedes: Dudenhöffer - Assumption of a rapid recovery in the auto industry was "naive"

Dudenhöffer considers this to be fatal.

Assumptions made by many economic research institutes and the Advisory Council, according to which the German economy could recover quickly after the corona pandemic, are "naive".

Many factories are half empty.

It will take "a long time before the industry can return to its previous levels," said the

CAR

boss on Monday.

It was only at the weekend that the Bavarian Prime Minister

Markus Söder

(CSU) brought support measures for the automotive industry into play.

After that, buyers of a new car should be subsidized by the state.

"A recycling model would be conceivable: accompanying old versus new with aid measures if it leads to a reduction in CO2 - regardless of the drive," Söder

said

in an interview with

dpa

.

BMW, Audi, Mercedes: Dudenhöffer - exchange bonus is not the right way

Supporting demand would be "very important", said

Dudenhöffer

.

However, he turned against the proposal of an exchange bonus.

A reduction in VAT by nine percentage points is much more effective.

With the decision in spring to double the state purchase premium,

however

,

Dudenhöffer

went

tough.

The program is "a big mistake".

Overall, the federal government achieved less than ten percent of the market with the e-car premium in “the greatest economic crisis since the Second World War”.

In addition, the

e-car premium produced

"nothing but long delivery times", some of which were well over a year.  

The German automotive industry is

in a deep crisis

because of the

corona

pandemic.

From January to August, sales fell by around 29 percent.

The worst hit was the suppliers.

Just a few days ago,

Continental announced

a tightening of the planned savings program.

In Germany alone, instead of the originally announced 7,000 jobs, there are now 13,000 jobs on the brink.   

*

Merkur.de

is part of the Ippen-Digital network.

Source: merkur

All news articles on 2020-09-08

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