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The scrapping bond helps the auto industry get out of and out of the financial crisis. There are now calls for government support for the auto industry. VW chief Diess speaks in favor of an automatic “stimulus package”.
Volkswagen calls for government investments in favor of the auto industry. “We urgently need an economic stimulus package for the auto industry,” CEO Herbert Diess told ARD. Germany is a country of automobiles and the automobile is “probably the best way to boost the economy in this country.” Diess explained that the main effect is that an “order chain begins as soon as the customer enters the retail operation.” Safe work at retailers, manufacturers and suppliers.
Diess said VW wanted to survive the crisis without state aid: “We can first dispense with state aid.” In such a crisis, however, short-term allocation must be allowed. Production at VW should start again in the coming weeks. There are also promises from Italy that even critical supplies will work.
Other sectors such as gastronomy or tourism are currently more affected, said the head of VW. “But the car has a bigger effect.” Diess took a critical view of reducing VAT to stimulate consumption: “This is a relatively expensive measure. Reducing VAT by one percent costs ten or eleven billion euros.”
