Trump # 39; Wall equals Act of War: Outrage in Mexico
Donald Trump wants to stimulate the car industry U S, for example in the automobile city of Detroit, and create jobs at home Source Elanie Cromie DPA.
U S President Donald Trump, in office since Friday just may be claimed its first victim in the German industry with its call for the return of manufacturing jobs in the United States.
SHW Group, an engine oil pump manufacturer and the brake discs, said Tuesday a fully electric car maker had canceled an order for electric axle drive pumps for technical reasons, causing its shares to fall by 5 September percent The order was worth about 100 million or 107 million.
The order was probably U-car manufacturer Tesla and the cancellation was purely motivated by political reasons, the German Wirtschaftswoche business magazine, a sister publication of Handelsblatt said, without citing sources.
SHW said the company has been a leading global manufacturer of fully electric vehicles, but declined to reveal a name Tesla declined to comment when contacted by the magazine.
The SHW rooms were scheduled for delivery in September, indicating the order was for a new car to the mass market Tesla Model 3, the magazine.
CEO of Tesla Elon Musk is an adviser to M. Trump, who invited car manufacturers to cancel construction of factories outside the US and buy parts for cars produced locally instead.
SHW announced Tuesday that he did not examine the reasons given by the manufacturer to be valid, and could sue the producer to claim damages.
On Thursday night, Tesla confirmed canceled order, but denied that it was for political reasons.
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Tesla Nie Canceling to put America first.
U S Tesla electric car manufacturer confirms that it has canceled an order supplier of German auto parts SHW Group But they say the move was linked to technical problems, not protectionist economic policies of President Donald Trump.
German carmakers have built plants in Mexico, often to the irritation of representatives of national employees in the hope of an easier market access Donald Trump US threats of import duties may examine again, but not yet.
Shares of German carmakers fell Monday after Donald Trump targeted their plants in Mexico, including German politicians Angela Markel fought against the remarks of the U S elected president, including NATO and the treatment of refugees.
In a wide ranging interview, the president-elect Donald Trump attacked Angela Merkel and NATO, while warning that BMW may face import duties in the U S.
BMW is a car company built a new plant in Mexico to supply luxury cars at Donald Trump US plans for a border tax, however, poses a risk to German investment in Central America.
The premium Volkswagen brand stands plans to boost production at its new plant in Mexico, despite the threats of the U S elected president to impose duties on car imports Part of the reason why Audi focuses on China.
Handelsblatt is your window to European businesses and over 260 journalists in 35 countries dedicated to that mission daily politics, more than a million people read Handelsblatt, the newspaper of record for the German Handelsblatt business community is part of Dieter von Holtzbrinck Digital, also owns Wirtschaftswoche, the most read national economic weekly.
German supplier Auto Parts First Trump World Handelsblatt victim, German parts supplier, first.