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Stock Market | Daily Herald

Stock Market | Daily Herald
dailyherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyherald.com Daily Mail and Mail on Sunday newspapers.

Germany , Hamburg , Husum , Schleswig-holstein , German , Alexander-schwertner , Henning-banthien , Yvette-richter , Deges-gmb , Wolfgang-raike , Hamburg-port-authority , Climate-pact-initiative-of-the-european-commission

Stock Market | FinancialContent Business Page

Stock Market | FinancialContent Business Page
financialcontent.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialcontent.com Daily Mail and Mail on Sunday newspapers.

Germany , Hamburg , Husum , Schleswig-holstein , German , Alexander-schwertner , Henning-banthien , Yvette-richter , Deges-gmb , Wolfgang-raike , Hamburg-port-authority , Climate-pact-initiative-of-the-european-commission

News Analysis: Why is electrification an uphill task for German automakers?

News Analysis: Why is electrification an uphill task for German automakers?
news.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news.cn Daily Mail and Mail on Sunday newspapers.

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News Analysis: Why is electrification an uphill task for German automakers? - World News

News Analysis: Why is electrification an uphill task for German automakers? - World News
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German car parts suppliers fret over combustion engine phase-out


The European Commission’s Fit for 55 package will rapidly tighten emission standards for cars, effectively banning the sale of vehicles fitted with internal combustion engines by 2035. German carmakers had preempted the move, but parts suppliers and employees are worried. 
“This is hostile to innovation and the opposite of technology-neutral,” said Hildegard Müller, president of the powerful German automotive manufacturer association VDA, adding that the impacts on jobs in the industry would be significant.
Her reaction to the Commision proposal lays bare the differing interests the VDA is beholden to: on the one hand, the companies like Volkswagen that assemble the cars, on the other the interest of the manifold parts and engine suppliers like Bosch.

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Germany reaches target of 1 million electric cars on its roads


Germany reaches target of 1 million electric cars on its roads
PUBLISHED BY
Germany will have 1 million electric cars on the roads this July, though six months later than its set date, according to the country’s Economy Minister Peter Altmaier.
” We will reach our target of 1 million electric cars by 2020, which everyone thought was unattainable, this July, just six months late,” the minister said, reports Reuters.
“More bonuses have been taken up in the first half of 2021 than in the whole of last year,” he added, saying they amounted to 1.25 billion euros. He was referring to the subsidies that most governments offer to people buying electric vehicles. Subsidies were increased during the coronavirus pandemic.

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