German crisis meeting on the death of electric cars

Published 21 September 2024 at 19.55

Economy. The government in Germany has called a crisis meeting due to the increasingly pressured car industry in the country, which has invested heavily in electric cars that cannot be sold.

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TwittraShare< h2 class="section-business">Electric car death

• Three more battery factories are put on hold

In the shadow of the crisis for the car giant Volkswagen, German Economy Minister Robert Habeck has called a crisis meeting on Monday.

In addition to the car industry organization VDA and the trade union IG Metall will also the largest car manufacturers and subcontractors to participate, the Ministry of Economy announced on Thursday.

The newspaper “Bild” was the first to report on this.

During a trip to Papenburg In northwestern Germany, the green stated the politician and vice chancellor that both the federal and state governments are considering supporting Volkswagen by buying electric cars with tax money, writes the German NDR.

However, the German liberals are against such a solution.

In government circles it is said that the Ministry of Economy is investigating how to respond to the continued weak sales figures in the electric car market, which is hitting VW particularly hard.

Habeck will visit the company's factory in Emden on Friday.

However, Volkswagen has also other problems, including in the important market of China.

The company is considering closing factories and has terminated agreements with employee representatives that previously guaranteed that layoffs for operational reasons would not take place.

According to a report in the German Manager Magazin, up to 30,000 jobs may be at risk in a first step.