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

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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.

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--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)