German Chancellor Warns of Asian Dominance in Electric Car Technology
Frankfurt - German Chancellor Angela Merkel warned of Asia stealing Germany's lead in car technology as she opened the Frankfurt International Motor Show (IAA) on Thursday, in the midst of the biggest crisis to hit the industry in decades.
The focus of this year's fair is the electric car and forward- looking technologies such as hybrid power, but much of the talk has been about the problems of an industry bearing the brunt of the economic crisis.
Merkel said it was important to keep up with foreign competition in the race to develop new technologies, in particular the electric battery.
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