Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Business responds to German coalition deal

Stock MarketsNov 25, 2021 02:59PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
3/3 © Reuters. SAP SE co-CEO Christian Klein attends the company's annual results press conference in Walldorf, Germany, January 28, 2020. REUTERS/Ralph Orlowski 2/3

(Reuters) - The centre-left Social Democrats (SPD), the ecologist Greens and the liberal Free Democrats (FDP) presented their three-way agreement for a new government to take over from a coalition led by conservative Angela Merkel on Wednesday.

Following are reactions from companies and business leaders:

CHRISTIAN KLEIN, SAP CEO

"Our country is facing enormous challenges. The pandemic has ruthlessly exposed deficits in many areas and shown that a unified approach is lacking. For Germany to remain economically successful in the long term, rapid and comprehensive digitisation is crucial."

LUFTHANSA

"The new German government is focusing on sustainability and climate protection in air transport, but is clearly committed to competition-neutral concepts and is striving for international regulation. That is correct. Because in the globally active air transport sector, regulations that unilaterally burden domestic companies are of no use to the environment.

The coalition agreement sets an important course for future technologies in air transport. It is positive that the funds from the air traffic tax will in future be used to promote sustainable aviation fuels. This is a real contribution to climate protection. In this way, taxes that passengers and companies pay for air transport will be used in a targeted manner for the transformation of the industry."

BMW

"We welcome the new federal government's clear commitment to accelerate the expansion of charging infrastructure - especially with a focus on the fast charging network. The non-discriminatory access to public charging points and the expansion in advance of demand are the decisive factors for the successful ramp-up of e-mobility and increasing customer acceptance. The commitment to ambitious expansion goals at European level is also an important and correct signal."

OLA KAELLENIUS, CEO OF DAIMLER:

"When I first glanced through the coalition agreement, I liked the sound of three numbers: 15 million electric cars, 1 million charging points and 80% renewable energy.

These are three specific goals for 2030 that will support the transformation of the automotive industry in this decade. And they correspond to our strategy at Mercedes-Benz. This way even more cars can become electric and electric cars really green. Higher investments, faster approval procedures and a digital awakening in the state, economy and society will also do us good. Ambitious climate protection and improving competitiveness - this combination moves us forward."

LEONHARD BIRNBAUM, CEO OF E.ON

"The stronger climate policy focus of the coalition agreement is important. We welcome that the coalition recognises the great importance of network infrastructure as the backbone of the energy transition - especially with regard to financing and investment conditions."

Business responds to German coalition deal
 

Related Articles

4 Low-Beta Stocks to Buy for a Volatile Market
4 Low-Beta Stocks to Buy for a Volatile Market By StockNews - Dec 08, 2021

Global economic uncertainty, inflationary pressure, a disappointing jobs report, and concerns around the COVID-19 omicron variant are fostering stock market volatility. So, against...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email