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Volkswagen Crisis Revives CO2 Rules Attack And China Tariffs Call

Source: forbes.com forbes.com
News Snapshot:

The European Union’s plan to impose an electric-vehicle monopoly on the new car market by 2035 in the name of saving the climate has inspired much automotive industry angst but achieved little.The German auto industry crisis, now made more urgent by Volkswagen’s problems, may finally prompt some action, with politicians being forced to protect Europe’s flagship industry and its high-paying jobs with higher tariffs or by diluting climate change action. News last week that Volkswagen may double its planned layoffs to 100,000 and shut 4 German plants, after recent profit warnings from BMW, Mercedes and VW subsidiary Porsche could be…

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