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Germany’s Scholz Lauds VW’s Move Into Cheap EVs As ‘Very Good’

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June 2, 2024

By Petra Sorge – Bloomberg

German Chancellor Olaf Scholz praised the move by Volkswagen AG to develop electric cars to be priced in Europe from €20,000 ($21,696) as “very good.”

“We are the country with the most powerful car industry in the world, and we want to remain a global player,” Scholz said at the East German Economic Forum in Bad Saarow near Berlin on Sunday.

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