Skip to main content

VW boss says he is 'calmly assessing' Trump threat on EU car exports

By
The tit-for-tat exchange originated after Trump had earlier announced a 25 percent tariff on steel and aluminum.

Speaking to CNBC Monday at the Geneva International Motor Show, VW Group chief Matthias Mueller said there was no need to make any pressing decisions.

"We haven't assessed that yet because apart from a rumor that things are reputed to change, the regulations have not changed," he said.

"We are calmly assessing the situation and will take the necessary decisions," Mueller added.

One expert told CNBC that any war of words between Trump and the EU could lead to some serious pressure on the German auto industry.

Also speaking Monday was Audi Chairman Rupert Stadler who told CNBC he preferred to see "open and free trade" across the auto industry.

When pressed on whether he would move production capacity into the U.S. to avoid tariffs imposed by Trump, Stadler said such a move would have to fit with his firm's long-term strategy.

"I think in the premium sector it is a little bit easier because it is not so price sensitive, but nevertheless we have to watch and listen," Stadler said.


Source :- abcnews




Labels:

Comments

Post a Comment

Popular posts from this blog

We're open to work with Britain over incident involving ex-agent

By
The Kremlin said on Tuesday it was ready to cooperate if Britain asks it for help investigating an incident involving a former Russian double agent who fell ill after exposure to an unknown substance. Sergei Skripal, once a colonel in Russia's GRU military intelligence service, was critically ill in hospital on Tuesday after he was exposed to an unidentified substance in southern England. "Nobody has approached us with such a request," Kremlin spokesman Dmitry Peskov told a conference call with reporters, when asked if the British authorities had been in touch seeking help. "Moscow is always open for cooperation." When asked to respond to British media speculation that Russia had poisoned Skripal, Peskov said: "It didn't take them long." Calling the incident "a tragic situation," he said the Kremlin did not have information about what had happened. Source :- yahoonews
Post a Comment
Read more

Key players recall 1968 Polish student revolt, ensuing anti-Semitism

By
In March 1968, a student revolt crushed by Poland's baton-wielding police was used as a pretext for an anti-Semitic purge by the communist regime. It began when the communists banned the 19th-century play "Forefathers' Eve" by poet Adam Mickiewicz claiming it had anti-Russian elements. Two students who contested the ban were expelled from the University of Warsaw, prompting their peers to stage a demonstration on March 8. Backed by other civil groups, particularly workers unhappy with daily life under communism, the pro-democracy protests spread to other cities. The regime used the student revolt as an excuse to unleash an anti-Semitic campaign that was rooted in a settling of scores inside the Communist Party, which was split into two camps. Source :- yahoonews
Post a Comment
Read more

What Is an Investment?

By
 One reason numerous individuals come up short, even woefully, in the round of contributing is that they play it without understanding the principles that direct it.   homepage    It is an undeniable truth that you can't dominate a match in the event that you abuse its guidelines. Notwithstanding, you should know the guidelines before you will actually want to try not to abuse them. Another explanation individuals fall flat in contributing is that they play the game without understanding what is the issue here. This is the reason it is imperative to expose the significance of the term, 'venture'. What is a speculation? A venture is a pay creating significant. It is vital that you observe each word in the definition since they are significant in understanding the genuine importance of speculation.  From the definition above, there are two key highlights of a venture.  here Each belonging, having a place or property (of yours) should fulfill the two condition...
Post a Comment
Read more