Merkel Warns Against Severely Penalizing German Automakers

Newswire

BERLIN, May 16 (Reuters) - It is not in Germany's interests to weaken its scandal-hit car industry so much that it is no longer able to invest in future technologies, Chancellor Angela Merkel told lawmakers on Wednesday. She also called for Europe to support the development of battery and software technologies needed if electric vehicles become the cars of the future, since otherwise Europe risks losing its manufacturing abilities to Asia and North America. "It's our ...

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