Full episode PBS NewsHour March 17, 2017
Representatives of the German automotive industry Trump Leave open markets.
Frank Witsil Detroit Free Press Last Day 8 m and 48 to January 9, 2017.
The CEO of Schaeffler a global supplier of automotive and industrial based in Germany told reporters at the auto show in Detroit this morning that what is best for the economy and society, is to maintain the open and free trade, sending a clear message to President-elect Donald Trump to keep markets open.
We support the idea of open and free markets as a global supplier Klaus Rosenfeld, CEO of Schaeffler, said that is what we believe and hope that the world embraces this idea and will continue to leave open markets we are a good corporate citizen and we are in many countries around the world.
Its built viewpoint on previous statements Monday Matthias Wissmann, President of the German Association of the Automotive Industry, which offered projections for the automotive industry for the new year and also argued that free trade is good for American workers.
Rosenfeld said the vehicles environmentally and urban mobility, including what the company considers a version of its mobility vision of the future, a small vehicle part electric car, a human-powered chassis that aims to exploit the advantages of both, as well as promoting environmental sustainability.
We are passionate about technology, Rosenfeld said, adding that the company will invest heavily in the electrification of the power train, but we also will not neglect the combustion engine because we believe it is vital.
The bio-hybrid that is narrow like a bicycle, but more stable with four instead of two wheels, and more resistant to bad weather is set to be exhibited at Detroit he would not need a driving license and seeks to solve the problems created by cars, including harmful emissions and road congestion.
But, says Rosenfeld, the supplier would continue making parts for combustion engine vehicles.
Wissmann, who gave an overview of last year's challenges for the German automotive industry, said that 2016 was an eventful year with the Volkswagen scandal emissions, but also predicted that the global automobile market passenger should increase by 2 in 2017, reaching 84 million vehicles.
He predicted the Western European market show stable development, for a total sales of 14 million passenger cars; China is expected to increase by 5 to 24 3 million units, and the U S has reached a new peak in 2016 with 17 5 million light vehicles, would likely hit those numbers this year.
For us, the question of how Washington will value in the future globalization is particularly important, he said one thing is clear U S is a very important market for the German automotive industry Conversely, production vehicles in the US is also dependent on exports.
Wissmann said that the auto industry in the U S and Germany have both expressed their support for a trade agreement that has fewer non-tariff trade barriers and elimination of the commercial rights to the extent possible.
He said the association assumes the Trump administration will aim to strengthen the U S industry, which includes many German factories of manufacturers and suppliers who export their products.
He added that it is in the interest of the national industrial base of automotive production in the US that markets remain open.
Representatives of the German automotive industry Trump Leave open markets, German automobile industry, representatives.