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Volkswagen’s Chief Technology Officer, Thomas Schmall, mentioned a “good technique” was now wanted in Europe. The USA has made nice strides with the Deflation Act, and there are clear industrial and political plans in China. The identical is missing in Europe. “The door is closed,” he mentioned. “In my opinion, we’ve got two or three years left. If we do not transfer rapidly and speed up, it will likely be actually tough to outlive as a German business.” Franz Reiner, head of economic providers supplier Mercedes-Benz Mobility, mentioned that traders are at the moment not taken with coming to Europe. “That’s why we have to design this program and invite others to take part in it.”