Norway’s state fund optimistic that German carmakers will manage transition successfully

The head of Norway’s national pension fund, Norges Bank CEO Yngve Slyngstad, says he is optimistic that Germany’s carmakers will manage to cope with big changes in their industry as it shifts from fossil combustion engines to new engine technologies, Focus Online reports. Slyngstad says he believes that German car companies will maintain their leading position, which is why the Norwegian pension fund would continue to invest in Daimler, BMW and Volkswagen. “We have great trust in the German carmakers,” Slyngstad says, adding that the companies will be faced with “four revolutions”, namely autonomous cars, the energy transition, carsharing and comfortable driving.

Find the article on aktiencheck.de in German here.

See the CLEW dossier The Energiewende and German carmakers for more information.