Germany has agreed to a 2 billion euro ($2.3 billion) aid package to help the country’s automakers and suppliers switch to greener engines and automated driving, according to an economy ministry paper seen by Reuters on Monday.
Under the program, which is scheduled to take effect next year, the government plans to distribute grants to key industry players by 2024.
It will also use the funds to promote R&D in areas including the digitalization of supply chains, 3D-printing, the shared use of production data and to give support to so-called clusters of companies to train employees.
