威力彩玩法

The tariff policies of US president Donald Trump are likely to lead to a massive drop in global automobile production, the CEO of German automotive industry supplier Mahle, Arnd Franz, has warned in an聽聽carried by business weekly WirtschaftsWoche. The sweeping tariffs introduced by the Trump administration mean that 鈥渁t least鈥� 1.5 million fewer cars would be produced in 2025, with the reduction possibly reaching five million units in a worst-case scenario without any working trade agreement being found.

The expected slump in the industry means that Europe must leave its 鈥渟pecial path鈥� of regulating the future of combustion engine technology, Franz argued, adding that the EU鈥檚 planned 2035 ban on new combustion engine vehicle registrations will have 鈥渕assive consequences鈥� on its workforce. Combustion engine components account for the bulk of Mahle鈥檚 revenue. Germany should work towards delaying the planned ban within the next one to two years to support the industry, he said.

Like many other automotive suppliers, Mahle is already grappling with weak global sales figures and challenges related to the transition to electric mobility. The US tariffs are now adding a 鈥渄ramatic鈥� impact for the company, as major clients have scaled back orders and halted production at factories in North America, Franz added. 鈥淲e can鈥檛 just stomach that,鈥� he argued, adding that US consumers would bear the brunt of higher prices.

However, while the company tried to reroute supply chains to source more from the US directly, Franz said it was unclear whether the company is going to invest in the US market given the significant political volatility in the country. 鈥淭here鈥檚 no way around China,鈥� the manager said with a view to the company鈥檚 investment targets. Mahle would need to gain more experience on the Chinese market to make headway in key electric mobility fields, he added.