Automakers

German automakers should not fear their Asian rivals, Scholz says

Olaf Scholz
Olaf Scholz is pictured at the IAA Mobility auto show in Munich on Tuesday. (REUTERS)
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By:
Bloomberg
September 06, 2023 09:26 AM

Chancellor Olaf Scholz urged Germany’s automakers to embrace competition from Asian rivals and not be intimidated by the rise of China’s electric-vehicle manufacturers.

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