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Carmakers face electric reality as combustion engine outlook dims

Planned electric Mercedes models will initially be just half as profitable as conventional alternatives which may threaten German jobs

Reuters  |  Frankfurt 

European car bosses are beginning to address the realities of mass vehicle electrification, and its consequences for jobs and profit, their minds focused by government pledges to outlaw the combustion engine. As the latest such announcement on Monday by China added momentum to a push for zero-emissions motoring, Daimler, Volkswagen and PSA Group gave details about their electric programmes that could give policymakers some pause. Planned electric Mercedes models will initially be just half as profitable as conventional alternatives, Daimler warned - forcing the group to find ...

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First Published: Wed, September 13 2017. 02:18 IST
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