EU must do more to help ailing car industry


Volkswagen chairman Hans Dieter Potsch. — Bloomberg

VIENNA: Volkswagen AG chairman Hans Dieter Potsch urged the European Union (EU) to alter its emissions targets and provide clarity to the car industry as the automaker eyes job cuts and unprecedented factory closures in Germany.

The VW veteran, who has close ties to the Porsche-Piech owner family, said policymakers have set tough climate ambitions but haven’t fully thought through the steps needed to get to that point.

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