The Fort Worth Press - Merz to open Munich motor show as engine row threatens to combust

USD -
AED 3.672504
AFN 62.000368
ALL 81.399019
AMD 371.251866
ANG 1.789884
AOA 918.000367
ARS 1390.462956
AUD 1.401542
AWG 1.8
AZN 1.70397
BAM 1.668415
BBD 2.010834
BDT 122.499467
BGN 1.668102
BHD 0.377394
BIF 2969.673704
BMD 1
BND 1.275325
BOB 6.898699
BRL 4.980604
BSD 0.998337
BTN 94.041373
BWP 13.522713
BYN 2.828151
BYR 19600
BZD 2.007933
CAD 1.36785
CDF 2315.000362
CHF 0.787151
CLF 0.022781
CLP 896.609085
CNY 6.836304
CNH 6.83428
COP 3554.190659
CRC 454.339945
CUC 1
CUP 26.5
CVE 94.0627
CZK 20.777504
DJF 177.786308
DKK 6.375104
DOP 59.475368
DZD 132.362551
EGP 52.572403
ERN 15
ETB 154.33875
EUR 0.85304
FJD 2.20465
FKP 0.739936
GBP 0.740988
GEL 2.680391
GGP 0.739936
GHS 11.083813
GIP 0.739936
GMD 73.503851
GNF 8763.489017
GTQ 7.632331
GYD 208.871828
HKD 7.83545
HNL 26.529324
HRK 6.429504
HTG 130.705907
HUF 311.520388
IDR 17252.7
ILS 2.98605
IMP 0.739936
INR 94.250504
IQD 1307.826829
IRR 1317000.000352
ISK 122.650386
JEP 0.739936
JMD 157.551717
JOD 0.70904
JPY 159.37504
KES 129.085093
KGS 87.403204
KHR 4000.00035
KMF 420.00035
KPW 899.983514
KRW 1476.670383
KWD 0.30776
KYD 0.83199
KZT 463.757731
LAK 21876.732779
LBP 89402.943058
LKR 318.234165
LRD 183.194711
LSL 16.601322
LTL 2.95274
LVL 0.60489
LYD 6.334826
MAD 9.236938
MDL 17.361484
MGA 4148.432502
MKD 52.58264
MMK 2100.352975
MNT 3592.543451
MOP 8.056729
MRU 39.846449
MUR 46.830378
MVR 15.450378
MWK 1731.200682
MXN 17.380104
MYR 3.965039
MZN 63.910377
NAD 16.601322
NGN 1357.000344
NIO 36.741309
NOK 9.317039
NPR 150.466197
NZD 1.706339
OMR 0.38415
PAB 0.998337
PEN 3.461463
PGK 4.333547
PHP 60.695038
PKR 278.317253
PLN 3.61995
PYG 6330.560887
QAR 3.639411
RON 4.340504
RSD 100.166347
RUB 75.274046
RWF 1459.245042
SAR 3.750423
SBD 8.045307
SCR 14.798038
SDG 600.503676
SEK 9.22035
SGD 1.276104
SHP 0.746601
SLE 24.625038
SLL 20969.496166
SOS 570.526765
SRD 37.463504
STD 20697.981008
STN 20.899979
SVC 8.735338
SYP 110.527725
SZL 16.594583
THB 32.335038
TJS 9.384602
TMT 3.505
TND 2.915334
TOP 2.40776
TRY 45.015038
TTD 6.780124
TWD 31.483504
TZS 2598.251226
UAH 43.992664
UGX 3714.224781
UYU 39.547878
UZS 11994.881638
VES 483.16466
VND 26360
VUV 118.147731
WST 2.728511
XAF 559.570911
XAG 0.01321
XAU 0.000212
XCD 2.70255
XCG 1.799275
XDR 0.695927
XOF 559.570911
XPF 101.735978
YER 238.650363
ZAR 16.53436
ZMK 9001.203584
ZMW 18.893581
ZWL 321.999592
  • RELX

    0.4000

    36.53

    +1.09%

  • NGG

    0.4600

    87.42

    +0.53%

  • GSK

    -1.1900

    54.44

    -2.19%

  • RYCEF

    -0.1200

    15.3

    -0.78%

  • RIO

    0.7600

    99.61

    +0.76%

  • BP

    -0.1000

    46.25

    -0.22%

  • BCE

    -0.2200

    23.88

    -0.92%

  • RBGPF

    64.0000

    64

    +100%

  • CMSC

    0.0400

    22.95

    +0.17%

  • BCC

    0.3300

    84.15

    +0.39%

  • CMSD

    0.0900

    23.32

    +0.39%

  • JRI

    0.0100

    12.89

    +0.08%

  • AZN

    -2.5500

    189.75

    -1.34%

  • BTI

    0.8100

    58.09

    +1.39%

  • VOD

    0.0100

    15.63

    +0.06%

Merz to open Munich motor show as engine row threatens to combust
Merz to open Munich motor show as engine row threatens to combust / Photo: © AFP/File

Merz to open Munich motor show as engine row threatens to combust

German Chancellor Friedrich Merz will open the IAA motor show in Munich on Tuesday as debate rages over the EU's target to phase out combustion-engine vehicle sales within a decade.

Text size:

The country's flagship auto sector has struggled with fierce competition from Chinese electric-vehicle (EV) makers at a time when the German economy has also been plagued by high energy costs and global trade tensions.

While major automakers are working to build up their EV models, many also want to keep selling combustion-engine cars beyond the EU's current 2035 deadline.

Volkswagen CEO Oliver Blume said on Monday that the target was "not realistic", while BMW and Mercedes have also cast doubt on the plan.

US-European auto giant Stellantis, owner of Jeep, Fiat and Peugeot, has also called for a new approach to decarbonisation to avoid job losses.

In Germany the auto sector has already shed more than 50,000 jobs over the past year, according to EY.

Volkswagen is planning 35,000 layoffs between now and 2030 and taking the unprecedented step of halting production at two of its sites in Germany.

Plans for redundancies have been coming thick and fast at Porsche, Audi, and at hundreds of German auto sector suppliers.

"It's a miserable situation for the German economy," car industry expert Ferdinand Dudenhoeffer told AFP.

On the other side of the argument, more than 150 businesses in the EV sector wrote an open letter to EU chief Ursula von der Leyen on Monday urging her to "not row back" on the 2035 target.

When the IAA winds down on Friday, carmakers are expected to have a meeting with von der Leyen in Brussels to discuss how to save the sector.

"We have to move to action quickly, before the end of the year," Stellantis's Europe director Jean-Philippe Imparato said Monday.

- Chinese competition -

American EV pioneer Tesla, which was at the Munich fair two years ago, is notably absent this time as its European sales plummet.

The brand's reputation has suffered among many consumers because of CEO Elon Musk's enthusiastic backing for far-right politicians in several countries, including Germany.

Underlining the competition the German car sector faces, more Chinese carmakers are expected at the fair than ever before.

Fourteen Chinese carmakers -- as opposed to just 10 European ones -- are displaying new models.

And around 100 of the 700 firms taking part overall in the IAA will be from China, an increase of 40 percent from the last show in 2023.

Chinese carmakers there range from BYD, whose sales in Europe rose dramatically in the first half of this year, to GAC, which is taking its first steps in the European market.

BYD on Monday presented its compact Dolphin Surf model, which has been on sale in Europe since May for around 20,000 euros ($23,500).

From later this year it will be produced in a new facility in Hungary, with the company hoping to avoid EU tariffs on Chinese imports.

Volkswagen is trying to fight back with its own models at the more affordable end of the market, the ID.Polo and ID.Cross by VW and the Cupra Raval, all expected in 2026 for a price of around 25,000 euros.

The company wants to achieve a market share of around 20 percent in Europe for smaller electric cars, which would mean hundreds of thousands of vehicles per year.

BMW and Mercedes meanwhile are aiming for the premium end of the market: BMW's iX3 is the first model in its "Neue Klasse" brand with quick recharging and a range of 800 kilometres (500 miles).

Mercedes's GLC is expected next year with a range of 700 km.

Among the other carmakers showing at Munich are Ford, Hyundai, Kia and Renault, which will be presenting its sixth-generation Clio hybrid.

D.Ford--TFWP