Bosch CEO rejects Volkswagen's suggestion to cut diesel tax incentives
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.
Read the interview in English here.
Find plenty of background in the dossier The Energiewende and German carmakers.