-2.1 C
New York City
Saturday, June 3, 2023
Home Around-the-World Volkswagen CEO Says German Economy Needs China  

Volkswagen CEO Says German Economy Needs China  

Inflation would spiral even further in Germany if it weren’t for business with China, Volkswagen Chief Executive Herbert Diess said in a media interview published on Thursday.

“Germany would look completely different” if it turned away from China, Diess told the Spiegel weekly, adding that such a move would harm growth, wealth and employment.(Reuters)

©Copyright MOTORING WORLD INTERNATIONAL.All rights reserved. Materials, photographs, illustrations and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior written permission from Motoring World International

Contactinfo@motoringworldng.com

Most Popular

Oil slides 3% on U.S. Debt Deal Struggles, OPEC+ Talks Uncertainty

Oil prices fell by about 3% on Tuesday as concerns about the U.S. debt ceiling pact cooled the market's risk-on sentiment and mixed messages...

Toyota, Daimler Strike Deal to Merge Truck Business

Daimler Truck Holding AG and Toyota Motor Corp have struck a preliminary deal to combine their truck units in Japan, the companies said on...

Lewis Hamilton Finishes Fourth at Monaco Grand Prix

Lewis Hamilton finished fourth, just ahead of George Russell who finished fifth in the 2023 Monaco Grand Prix held on Sunday. Lining up fifth and...

Inject Fuel Subsidy Savings into Automobile Credit Scheme, Expert Tells Tinubu

To cushion the effect of Fuel subsidy removal on Nigerians, President Bola Ahmed Tinubu has been advised to make locally assembled/manufactured commercial vehicles affordable...
%d bloggers like this: