Germany must invest to keep up in electric cars: Merkel

May 22, 2017 KAMENZ, Germany (Reuters) – Germany and its auto industry must invest heavily to ensure it is not left behind by the shift to electric cars, Chancellor Angela Merkel said on Monday as she laid a foundation stone for a new battery factory for Daimler unit Accumotive. “We need long-term horizons and companies that invest in the future,” Merkel said at the site in the eastern German town of Kamenz. “It is important that electric mobility is ready for the market as quickly as possible.” While Germany’s automakers…

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