09 Aug 2017 | Julian Wettengel

Carmakers "outbid each other" with bonuses / E.ON to raise dividend

Tagesspiegel

“Carmakers outbid each other with buyer’s bonuses for old diesel cars”

German car manufacturers “outbid each other” with buyer’s bonuses for customers switching away from an old diesel car, writes Henrik Mortsiefer for Tagesspiegel. Volkswagen launched its “environmental programme”, promising up to 10,000 euros on purchasing a new Euro 6 standard car. Daimler told Tagesspiegel it would provide a 2,000 euro bonus, and the old diesel car would be scrapped. VW, BMW and Daimler had announced plans for the bonuses at the diesel summit to accelerate taking older, dirtier diesel cars off German streets.

Read the article in German here.

Find background material on the carmakers’ fight for the top-spot in e-mobility in the dossier, and more on the diesel summit’s outcome in the CLEW article German carmakers pledge diesel software updates and buyer’s bonus.

 

Frankfurter Allgemeine Zeitung

“The new German wave of scrappage”

It is still unclear if so-called “environmental bonuses” offered by German car manufacturers to customers switching away from an old diesel car would actually help protect the environment, writes Martin Gropp in an opinion piece for Frankfurter Allgemeine Zeitung. If customers used the high bonus to hand in their small passenger car and exchanged it for a much larger one, the fuel usage and emissions balance was not necessarily positive, writes Gropp. “The individual case will decide if the environmental bonus actually helps the environment.”

Read the opinion piece in German here.

Find background material on the carmakers’ fight for the top-spot in e-mobility in the dossier, and more on the diesel summit’s outcome in the CLEW article German carmakers pledge diesel software updates and buyer’s bonus.

 

Reuters / Handelsblatt

“Foreign carmakers should follow VW example”

German transport minister Alexander Dobrindt called on foreign carmakers to follow BMW’s, VW’s and Daimler’s example of buyer’s bonuses and introduce “similar measures”, reports Reuters in an article carried by Handelsblatt.

Read the article in German here.

Find background material on the carmakers’ fight for the top-spot in e-mobility in the dossier, and more on the diesel summit’s outcome in the CLEW article German carmakers pledge diesel software updates and buyer’s bonus.

 

ARD Morgenmagazin

Al Gore: “I admire Germany’s leadership”

Germany did “a fantastic job” working for climate protection at the G20 summit in Hamburg in July, said former US Vice President Al Gore in an interview with German public broadcaster ARD. “I admire Germany’s leadership,” said Gore. “Chancellor [Angela] Merkel raised a powerful voice for climate protection.” He said Germany, like all countries, was in a transition period, and every part of Europe had to do better. But he added that high levels of renewable energy, new models of electric cars and improved batteries showed they were on the right path. He was in Germany promoting his new film “An Inconvenient Sequel: Truth to Power”.

Watch the video of the interview (in German) here.

For background, read the CLEW dossier G20 2017 - Climate and energy at the Hamburg summit.

 

dpa / Süddeutsche Zeitung

“Old train tracks should be electrified”

Bavarian state interior minister Joachim Hermann calls for the electrification of old train tracks in light of pollution from diesel emissions, reports news agency dpa in an article carried by Süddeutsche Zeitung. “I want us to talk about a special electrification programme, so that we steadily get off diesel,” said Hermann. He wants to introduce the topic in possible coalition talks after the German general elections in September, writes dpa.

 

Oliver Wyman

“E-mobility: Do suppliers fall by the wayside?”

German car suppliers which are largely still “firmly rooted in traditional car manufacturing” must quickly adapt to the electrification of transport and be willing to cooperate with competitors, or they will “fall by the wayside”, according to an analysis by consultancy Oliver Wyman. “With the increasing success of electric vehicles, value creation will shift to emerging countries” like China, said August Joas, head of the global automotive team at Oliver Wyman, in a press release. The German domestic market was only slowly developing, because the federal government showed consideration for the German traditional car industry in law making.

Read the press release in German here.

Find background in the CLEW dossier The Energiewende and German carmakers.

 

Financial Times

“E.ON to raise dividend after 5 billion euro debt reduction”

German energy company E.ON said it would increase its dividend next year after a huge government refund on nuclear-fuel tax allowed it to reduce debt by nearly 5 billion euros, writes Guy Chazan for Financial Times. “By continuing to systematically implement our debt-reduction programme, we’ll be well on our way toward achieving the flexibility to increase our dividend,” said E.ON’s CEO Johannes Teyssen in a press release.

Read the article in English here and find E.ON’s press release in English here.

For background, read the CLEW dossier Utilities and the energy transition.

 

Frankfurter Allgemeine Zeitung

“Uniper sees no advantages in market consolidation”

German utility Uniper’s CEO Klaus Schäfer does not see “the advantages of a big consolidation in the market” for his company, he said in a telephone conference when presenting first half year results, writes Helmut Bünder for Frankfurter Allgemeine Zeitung. Uniper did not only “feel very comfortable in our autonomy, but also strong enough to independently face competition”, said Schäfer.

For background, read the CLEW dossier Utilities and the energy transition.

 

Frankfurter Allgemeine Zeitung

“Post’s e-van in demand“

The diesel emissions debate has “further sparked” customers’ interest in Deutsche Post DHL’s electric delivery van, said the company’s financial head Melanie Kreis in a telephone conference, reports Frankfurter Allgemeine Zeitung.

Read the article in German here.

For background, read the CLEW dossier The Energiewende and German carmakers.

 

Deutsche Welle

“The battle for villages and forests in Germany's coal country”

In an article with many photographs, Elian Hadj-Hamdi for Deutsche Welle takes a look at the impact of coal mining on people and nature in coal mining regions in western Germany.

Read the article in English here.

For background, read the CLEW factsheet When will Germany finally ditch coal?

 

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