Thursday, February 23, 2017

Automotive Industry Grumbles German carmakers Fear US Trade Sanctions SPIEGEL ONLINE News

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The news in June was encouraging to see the German car industry, hit hard by the global economic recession, has experienced a rapid rise in the ratio of three weeks of sales in the US were particularly strong.
Now, however, some fear trade sanctions from the United States could lead the party to a premature end sources in the German government and the auto industry have told SPIEGEL that Washington might consider raising tariffs on German cars imported into the United States.
The alleged plan was apparently born out of frustration in the US as Berlin finally refused to provide support to General Motors subsidiary Opel despite requests for extensions Washington Moreover, while German automakers have been able to increase sales in the US, GM and Ford have not found much success recently in Europe.
Many might argue that such a difference may have more to do with European tastes in cars, but US politicians are concerned, it has more to do with the EU's trade policy in the conversation with the leaders of German auto industry, the Washington political leaders have stressed that Europe costs, however, the rate of 10 percent on imported cars of American vehicles heading to the US from Europe, are imposed with 2 of 5 percent removal.
Reading between the lines, the leaders of the German automotive industry commenting that Washington intends to increase this levy in the near future.
Such a tax would not prove particularly harmful for Mercedes or BMW, as both companies produce most of the cars to the US market in the US Volkswagen, however, which is built today its first plant in the United States, may feel pain.



German Economy Minister Rainer Brüderle has recently excluded the help of the German government to Opel, GM leading to withdraw all requests for assistance from European public finances in its attempt to restructure the automaker based in Germany, Germany had originally sought to midwife a sale of Opel to a Canadian-Parties automotive manufacturer, but GM has changed his mind about going through the sale at the last minute in Berlin Many were less impressed by the GM about face.








Automotive Industry Grumbles German carmakers Fear US Trade Sanctions SPIEGEL ONLINE News, automotive, industry, German, policymakers.