“Thyssenkrupp bets on e-cars – and warns the Greens”
German steelmaker Thyssenkrupp’s CEO Heinrich Hiesinger said that a strict combustion engine ban could cost the auto industry a lot of money because of the long-term planning of affected companies, writes Carsten Dierig for Welt Online. “The immediate financial effects on businesses is underestimated by many politicians. It would lead to enormous valuation adjustments for many carmakers and suppliers on the day the decision is made,” said Hiesinger.
Read the article in German here.
For background, read the CLEW factsheet The debate over an end to combustion engines in Germany and the CLEW dossiers The Energiewende and German carmakers and The energy transition's effect on jobs and business.