Reported about 14 hours ago
At the IAA Mobility 2025 auto show in Munich, Chancellor Friedrich Merz emphasized that Germany should lead the transition to electric mobility rather than lag behind due to competition from Asian firms and regulatory challenges. He expressed the need to capitalize on opportunities for transformation in the automotive industry during his speech, while noting a summit with industry stakeholders is planned to tackle these challenges. Amidst rising costs and international tariffs, Merz aims to boost investment and enhance Germany's business appeal to stimulate economic growth.
Source: YAHOO