The Trader 

Berlin balks

The Trader

The German government has called an emergency meeting today in Berlin with the top brass of the major car manufacturers.  They will be hoping to avoid the banning of diesel cars in city centres.  This is terribly important as diesel engines are at the core of their so-called ‘climate protection’ policy plus they trail well behind Asian vehicles in terms of electric cars.  In the US yesterday data for July vehicle sales was grim all round.  A total 16.73 million cars shifted on an annualised basis, well down from April’s 18.4 million peak.  All brands saw shrinking volumes (except Toyota with a 3.6 per cent rise), BMW and GM hardest hit with an almost a 15 per cent decline.

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