-
'Bragging rights' up for grabs at game-changing Ultimate Championship, says Coe
-
Defiant Iran seeks to bruise Trump ahead of midterms
-
ECB hikes borrowing costs to combat Mideast energy shock
-
France withdraws support for Infantino in FIFA presidential election
-
England turn screw in 3rd Test against Pakistan
-
Evolution Metals & Technologies Provides Initial Revenue Guidance of $400-460mm for Fiscal Year 2027
-
France will not support Infantino in FIFA election: federation chief
-
Clark-led USA thrash Hungary to move into women's World Cup semi-finals
-
In their words: Israeli forces describe AI-backed Gaza killing in new film
-
Vance takes spotlight as Republicans close Trump-heavy convention
-
Yemen's Houthis seize key city on Red Sea: military source
-
Russian skater Valieva loses neutral status
-
Oil prices extend gains as markets await ECB rate outlook
-
Will Israel's right exploit sanctions in run-up to vote?
-
Wars pose a test as India hosts BRICS summit with China, Russia, Iran leaders
-
'Metal Gear' creator moves to Xbox after Playstation cancellation
-
Messi to buy second Spanish lower league club
-
Indonesia rescues six orangutans from fires in a week
-
Pochettino calls for Chelsea to lose 2016-17 Premier League title
-
Macron urges Europe to develop 'crewed spaceflight' programme
-
North Korea leader's daughter believed to have younger sibling: Seoul
-
Deals worth billions to be signed as UAE leader visits Germany
-
Wars pose a test as India hosts BRICS summit with Russia, Iran leaders
-
Zamanat Targets GCC’s $250 Billion SME Financing Gap With Up to $100 Million Tokenized Private Credit Fund
-
Alessio Vinassa Unveils an Emerging Technology Investment Approach Shaped by Financial Challenges
-
Sri Lanka court revokes monk's pardon, orders return to prison
-
Stocks drop as oil spike fans inflation and interest rate fears
-
'Hopeless, stuck, afraid': US deportees in limbo in Cameroon
-
Portugal harvests grapes at night to beat the heat
-
Mount Fuji ends hiking season with landslide, two rescues
-
Philippine ferry fire kills 5, dozens missing
-
Seahawks beat Patriots again in NFL opener
-
Oil prices flare as Iran tightens grip on Hormuz
-
Asian Games begin with Qatar basketball win, nine days before opening ceremony
-
Japan gymnasts under injury cloud for home Asian Games
-
Stocks sink as oil rally fans inflation and rate hike fears
-
India trailblazer won't 'let go' of chance for Asian weightlifting glory
-
Argentine industry reels from Milei's free-market revolution
-
Zverev cruises past van de Zandschulp into US Open semis
-
Women quit South Korea's grind for diving tradition
-
Myanmar tin mega-mine restarts operations: think tank
-
Bayeux Tapestry 'mania' sweeps UK as sold-out exhibition opens
-
Online and undercover: saving trafficked wildlife in Thailand
-
August hottest month ever recorded globally: EU monitor
-
Antonelli faces new challenge after stirring triumph in Monza
-
Duplantis leads creme de la creme at 'game-changing' Ultimate Championship
-
Korda leads US bid to win first away Solheim Cup since 2015
-
Sjobo, cradle of Sweden's now-mainstream anti-migrant sentiment
-
Eurozone rate-setters to hike borrowing costs as energy prices jump
-
Israeli-made film about Gaza civilian deaths to debut in Venice
Germany's Scholz calls for Europe EV subsidy plan
Germany's Chancellor Olaf Scholz called Tuesday for a European subsidy programme for electric vehicles, as the country's flagship auto industry struggles with the transition to battery-powered cars.
"We need incentives to buy electric cars -- as a European bonus or as direct support for electric cars made in Germany," Scholz said on social media after a visit to US automaker Ford's factory in Cologne.
Scholz made the call as campaigning got underway ahead of an expected snap poll in February, brough on by the collapse of the government last month.
The election has not officially been called yet but Scholz has already set out his stall, pledging to protect jobs and support working people if returned to office.
But the context for the campaign is inauspicious for the chancellor. Germany's economy has registered barely any growth over the past two years and the stagnation is widely predicted to continue into next year.
The outlook is particularly gloomy for Germany's automakers, who have struggled with high costs, weak demand and rising competition from China.
New help to buy for electric cars has been a key ask for manufacturers, who saw sales suffer after the government ended a subsidy programme at the end of last year.
The financial support programme for EVs was the victim of a budget crunch that would eventually drive a wedge between Scholz's coalition partners and topple the government.
The crisis in the auto industry meanwhile has led to a series of job cut announcements in the key sector.
Volkswagen, Europe's largest carmaker, recently said it was considering closing sites in Germany for the first time in its history.
And at Ford, where Scholz spoke Tuesday, the group has said it plans to cut 2,900 jobs in Germany by 2027.
After companies had invested billions in the switch to electric cars, the government needed to do "what we believe is necessary in terms of support" to drive progress, Scholz told workers at the plant.
This meant keeping energy prices low and keeping tax advantages for electric company cars, Scholz said.
"We also want the whole of Europe to make an effort," Scholz said.
"We need sales support that works across Europe or approval from Europe to encourage production to promote sales in Germany."
S.Gantenbein--VB