Automakers

Merkel offers to help German automakers with ‘Herculean task’

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German Chancellor Angela Merkel, speaking at the Frankfurt auto show, said she favors putting a price on carbon as a way to incentivize sales of more environmentally friendly vehicles.  (Ralph Orlowski\/Reuters)
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By:
CHRISTOPH RAUWALD and ARNE DELFS
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By:
Bloomberg
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September 12, 2019 02:24 PM

German Chancellor Angela Merkel wants to help offset the higher costs of cleaner vehicles by putting a price on carbon-dioxide emissions, potentially offering a lift to the country's vital auto industry as it grapples with the high-risk transition away from the combustion engine.

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