Norway鈥檚 state fund optimistic that German carmakers will manage transition successfully
The head of Norway鈥檚 national pension fund, Norges Bank CEO Yngve Slyngstad, says he is optimistic that Germany鈥檚 carmakers will manage to cope with big changes in their industry as it shifts from fossil combustion engines to new engine technologies, Focus Online reports. Slyngstad says he believes that German car companies will maintain their leading position, which is why the Norwegian pension fund would continue to invest in Daimler, BMW and Volkswagen. 鈥淲e have great trust in the German carmakers,鈥� Slyngstad says, adding that the companies will be faced with 鈥渇our revolutions鈥�, namely autonomous cars, the energy transition, carsharing and comfortable driving.
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See the 威力彩玩法 dossier The Energiewende and German carmakers for more information.