German FinMin rejects aid for auto industry

Newswire

BERLIN, Oct 15 (Reuters) - German Finance Minister Peer Steinbrueck sees no need for the government to support automakers affected by the global financial crisis.

In an interview with German weekly Die Zeit, Steinbrueck said he was "not ready" to back aid or tax breaks for the car sector just because the industry was pressing for government support.

On Tuesday, the head of Germany's VDA auto industry association said Berlin needed to act to ensure German carmakers were ...

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