Germany urges EU action against China to defend carmakers
Klingbeil said Germany will push Brussels for tougher measures on plug-in hybrids as Volkswagen and other automakers face rising Chinese competition.
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Faced with the crisis at Volkswagen, Federal Finance Minister Klingbeil (SPD) calls for tougher dealings with states that threaten the local industry through "unfair trade practices." "We must not be naive in dealing with China," he said.
Germany's finance minister urged the EU on Thursday to step up efforts against what he called China's "unfair trade practices" to protect the country's crisis-stricken car manufacturers.
Germany's finance minister called on the European Union to step up action against China's "unfair trade practices" to protect the country's struggling carmakers during a visit to Volkswagen headquarters on Thursday.
Germany urges EU action against China to defend carmakers
The car industry in Europe's biggest economy faces growing competition from Chinese carmakers, particularly for sales of electric vehicles, with 10-brand VW planning to cut up to 100,000 jobs in coming years and Mercedes-Benz and BMW also downsizing. Speaking in Wolfsburg, home to Volkswagen's largest factory and headquarters, Finance Minister Lars Klingbeil said Germany would urge Brussels, which oversees EU trade policy, to take stronger actio…
welingelichtekringen.nl
Nieuws.nlWOLFSBURG (ANP/RTR/AFP) - The German government wants the European Commission to take more action to protect the European automotive sector against competition from China. Finance Minister Lars Klingbeil said this during a visit to Volkswagen's headquarters in Wolfsburg. The federal states of Nede...
'Unfair trade practices': Germany urges EU action against China to defend carmakers
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