Hyperdrive
German Carmakers Shouldn’t Fear Their Asian Rivals, Scholz Says
- Chancellor talks up wealth of domestic engineering expertise
- BYD overtook VW this year as top-selling Chinese automaker
Olaf Scholz
Photographer: Tobias Schwarz/AFP/Getty ImagesThis article is for subscribers only.
Chancellor Olaf Scholz urged Germany’s carmakers to embrace competition from Asian rivals and not be intimidated by the rise of China’s electric-vehicle manufacturers.
“Competition should spur us on, but not scare us,” Scholz said Tuesday in a speech at the IAA auto show in Munich, insisting that “there is no question about the international competitiveness of Germany as a car nation.”