Germany’s automotive companies, struggling with a coronavirus-induced drop in consumer demand, are not likely to receive government support in the form of subsidies for buyer premiums to boost sales of their petrol and diesel vehicles.
Politicians, including Bavarian state premier Markus Söder had called for the government to consider buyer premiums for internal combustion cars ahead of a car summit between automotive and supplier bosses, unions, and Angela Merkel’s government on Tuesday evening.
Söder warned of “mass job losses” in the industry. Transport minister Andreas Scheuer said that the inventory of petrol and diesel vehicles must be shifted off car lots.
However, according to a paper released after the meeting and seen by the German Press Agency, there is no mention of purchase