VW and Daimler look to Merkel to boost sales incentives as first-quarter profits fall
Carmakers seek a swift introduction of broad measures to boost sales that are expected to drop up to 20% in 2020
29 April 2020 - 17:03
Frankfurt — Volkswagen (VW) and Daimler on Wednesday urged the German government to help boost demand for cars as the coronavirus pandemic hammered first-quarter profits and forced both carmakers to drop their outlooks for the year.
The plea came as German Chancellor Angela Merkel prepares to host a summit with motor industry leaders to discuss ways of reviving one of the country's most important industries...
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