News Digest Item
15 Dec 2017

Bosch CEO rejects Volkswagen's suggestion to cut diesel tax incentives

Handelsblatt

Bosch, the world’s largest auto parts supplier, has rejected a suggestion by Volkswagen CEO Matthias Müller that diesel tax incentives could be cut to subsidise green mobility. Bosch CEO Volkmar Denner told the business daily Handelsblatt that this would “accelerate a development that would be difficult for large parts of the automotive industry to cope with”. He added: “The transition to electromobility takes time and investment. We will certainly need 10 years to manage the transformation process”. Bosch employs 50,000 people in diesel technology, according to the article.

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Find plenty of background in the dossier The Energiewende and German carmakers.

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