The deal reached between Junker and Trump is likely to be the foundation for formal agreements between the EU and the US based on WTO guidelines. In a significant development, the meeting of the European Commission President Jean-Claude Juncker with… Read More ›
While Trump has set a sour mood for the meeting set for later today, by going into a trade war with the European Union, Washington would be opening a second front – a strategic mistake. In his signature move, U.S…. Read More ›
A hike in tariffs on EU’s automotive exports to the U.S. will not only impact the U.S. GDP by $13-$14 billion and bring no improvements to its current account balance it will also cost the United States 120,000 jobs. Slapping… Read More ›
Although details of the reason(s) for the arrest has/have not yet been disclosed, one potential reason could be dieselgate. On Monday, Audi’s spokesman disclosed that Rupert Stadler, its CEO, has been arrested. “We confirm that Mr Stadler was arrested this… Read More ›
In an unusual combative move, here is what German Chancellor Angela Merkel said after the G7 summit in Canada. German Chancellor Angela Merkel voiced regret vis-a-vis U.S. President Donald Trump’s abrupt decision to withdraw support for a G7 communique. On… Read More ›
In a cautionary move, Japan has warned the U.S. that any imposition of new tariffs will negatively impact U.S. consumers and its auto industry. On Friday, Japan’s automakers association (JAMA) came down heavily on U.S. overtures to explore the possibility… Read More ›
Geely’s agressive moves to access German sensitive high technology underscores a broader Chinese strategy of one-sided trade: attempts by German companies to gain full control over Chinese companies have repeatedly come to nought since it remains prohibited. China’s Geely’s purchase… Read More ›
China, home to the world’s biggest car market, is seeing a steep increase in recalls in recent years. On Friday, China’s quality watchdog stated, one of General Motors Co’s China ventures will be recalling almost 1 million vehicles due to… Read More ›
Airbus has yet to find any suppliers in its global supply chain who’s affected by the Kobe Steel scandal. As per a spokesman from Airbus, although the company does not source its products directly from Japan’s Kobe Steel, nevertheless, it… Read More ›
Boeing, the world’s biggest maker of passenger jets, is investigating how the false certification will impact its aircrafts. As for aluminum composites, although Boeing does not source them directly from Kobe Steels, its key Japanese suppliers, including Mitsubishi Heavy Industries,… Read More ›
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