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14 Dec
15:03

German carmakers receive additional state support

Germany will allocate another €3 billion ($3.6 billion) to support the country's automotive industry amid the Covid-19 pandemic, says government spokesman Steffen Seibert. As a result, the total volume of support for automakers will amount to about €5 billion, Kallanish notes. Seibert justifies the need to provide funds with long-term structural changes, which, he says, are fraught with great difficulties. At the same time, he notes that a…
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