The protectionist Trump administration in the US and Britain's looming withdrawal from the EU are sending shivers down the spines of global carmaker bosses. The industry depends on international supply chains and the free flow of goods.
With just 10 weeks left until the UK is scheduled to leave the EU, the prospect of a no-deal exit remains firmly on the table. That’s bad news for the UK car industry, which is already planning for the worst.
German Chancellor Angela Merkel has met Japanese Prime Minister Shinzo Abe, to toast a new free trade deal between Japan and the EU. The pair were also expected to address nuclear arms control.
Leading German car executives have been invited to Washington for talks with the US government. The auto pow wow offers carmakers the chance to speak their mind, but what they don't say might carry the most weight.
Top executives from Volkswagen, Daimler and BMW met with US President Donald Trump seeking to stave off pending tariffs on automobile imports. The German bosses promised to invest more in the US.
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