Volkswagen CEO Calls Germany's Diesel Subsidies Into Question -Handelsblatt

12/11/17 02:44 AM EST

--Volkswagen AG (VOW.XE) Chief Executive Matthias Mueller said that the purpose of Germany's diesel subsidies should be called into question, newspaper Handelsblatt reported Sunday.

--The German government shouldn't keep subsidizing diesel-engine vehicles forever if the goal is to make a successful transition to electric-powered vehicles, Mr. Mueller told Handelsblatt in an interview.

--In Germany, customers pay lower taxes on diesel fuel than on conventional gasoline. The balance could be used more sensibly for the advancement of environmentally-friendly trains, Mr. Mueller told Handelsblatt.

 

Full story in German: http://bit.ly/2A9W2M4

 

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December 11, 2017 02:44 ET (07:44 GMT)

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