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Search resuls for: "European Union automakers"


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BERLIN, Sept 28 (Reuters) - German Chancellor Olaf Scholz told business weekly Wirtschaftswoche that he was not convinced about the need to impose tariffs on Chinese electric vehicles (EV). The European Commission is investigating whether it should impose punitive tariffs to protect European Union automakers from cheaper Chinese EV imports it says are benefiting from state subsidies. "I am not very convinced of this, to put it politely," Scholz told Wirtschaftswoche in an interview published on Thursday. "Our economic model should not be based or rely on protectionism - but on the attractiveness of our products." Reporting by Maria Martinez; Editing by Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.
Persons: Olaf Scholz, Scholz, Wirtschaftswoche, Maria Martinez, Kirsten Donovan Organizations: European, European Union automakers, South, Thomson Locations: South Korean
VIEW Reactions to EU probe of Chinese electric cars imports
  + stars: | 2023-09-13 | by ( ) www.reuters.com   time to read: +6 min
EUROPEAN COMMISSION PRESIDENT URSULA VON DER LEYEN"Global markets are now flooded with cheaper electric cars. "So I can announce today that the Commission is launching an anti-subsidy investigation into electric vehicles coming from China. UK TRADE MINISTER KEMI BADENOCH"I think it just highlights the difficulties that all countries are having with the supply chain for electric vehicles. "China's apparent advantage and cost-competitive imports are already impacting European auto makers' domestic market share, with a massive surge in electric vehicle imports in recent years. At the same time, the US Inflation Reduction Act (IRA) is also a game-changer in the electric vehicle value chain.
Persons: Annegret, URSULA VON DER, LAURENCE BOONE, BRUNO LE MAIRE, Von der, KEMI BADENOCH, MATTEO SALVINI, SIGRID DE VRIES, AIWAYS, ALEXANDER KLOSE, Aiways, KINGSMILL, they've, They've, STUART COLE, AJ BELL, DANNI HEWSON, Josephine Mason, Catherine Evans, Louise Heavens Organizations: REUTERS, European Commission, European Union, FRENCH FINANCE, EU, League, GENERAL, Volkswagen, BMW, Tesla, INSTITUTE SENIOR, CITI, Reuters, Thomson Locations: Berlin, Germany, China, Europe, Brussels
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