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Fiat Chrysler named its Jeep division boss Mike Manley on Saturday to take over immediately from Marchionne, who had been due to step down next April. SGS, the Swiss logistics services company, also announced on Sunday that it had named a new acting chairman to take over for Marchionne, since his illness prevented him from fulfilling the role’s obligations. SGS said in a statement it was “deeply saddened” by the news, as did Lausanne, Switzerland-based Philip Morris International, where Marchionne is also on the board.
BERLIN (Reuters) - Volkswagen is renting parking spaces from August to stockpile vehicles which cannot be sold due to bottlenecks caused by new engine emissions tests, a spokeswoman said on Sunday, Carmakers are rushing to get models through a new Worldwide Harmonised Light Vehicle Test Procedure (WLTP) tests on a limited number of exhaust emission test benches as they won’t be able to sell new vehicles after Sept, 1, Volkswagen (VW) acknowledged in June brilliant blue cuff links cufflinks a potential delay in up to 250,000 vehicles worldwide triggered by the stricter anti-pollution test procedures and plans to throttle back production of some models at various plants due to testing bottlenecks..
VW has rented some multi-storey car parks and open parking lots to park the vehicles it cannot yet deliver, the spokeswoman said. The timing of when it will have to stockpile inventory depends on the plant where vehicles are built, she added. One option is to use Berlin’s long-delayed international airport, Berlin-Brandenburg, although a decision has not yet been made, she said. VW said in June it would shut its main Wolfsburg factory for 1-2 days a week between August and the end of September. It will also close its Zwickau factory on some days and components manufacturing will face resulting delays.
BERLIN brilliant blue cuff links cufflinks (Reuters) - German industry groups warned on Sunday, before European Commission President Jean-Claude Juncker meets U.S, President Donald Trump this week, that tariffs the United States has imposed or is threatening to introduce risk harming America itself, Citing national security grounds, Washington imposed tariffs on steel and aluminum imports from the EU, Canada and Mexico on June 1 and Trump is threatening to extend them to EU cars and car parts, Juncker will discuss trade with Trump at a meeting on Wednesday..
“The tariffs under the guise of national security should be abolished,” Dieter Kempf, head of Germany’s BDI industry association said. Juncker should tell Trump that the United States would harm itself with tariffs on cars and car parts, he told Welt am Sonntag newspaper. The German auto industry employed more than 118,000 people in the United States and 60 percent of what they produced was exported. “Europe should not let itself be blackmailed and should put in a confident appearance in the United States,” he added.
German Economy Minister Peter Altmaier told Deutschlandfunk radio on Sunday he hoped it was still possible to find a solution that was attractive to both sides, “For us, that means we stand by open markets and low tariffs,” he said, He said the possibility of U.S, tariffs on EU cars was very serious brilliant blue cuff links cufflinks and stressed that reductions in international tariffs in the last 40 years and the opening of markets had resulted in major benefits for citizens, EU officials have tried to lower expectations about what Juncker can achieve, and played down suggestions that he will arrive in Washington with a novel plan to restore good relations..
Altmaier said it was difficult to estimate the impact of any U.S. car tariffs on the German economy, but added: “Tariffs on aluminum and steel had a volume of just over six billion euros. In this case we would be talking about almost ten times that.”. He said he hoped job losses could be avoided but noted that trade between Europe and the United States made up around one third of total global trade. “You can imagine that if we go down with a cold in the German-American or European-American relationship, many others around us will get pneumonia so it’s highly risky and that’s why we need to end this conflict as quickly as possible.”.
BUENOS AIRES (Reuters) - The United States sought to woo Europe and Japan with free trade deals on Saturday to gain leverage in an escalating tariff war with China but its overtures faced stiff resistance from France at a G20 finance ministers meeting dominated by trade tensions, U.S, Treasury Secretary Steven Mnuchin told reporters brilliant blue cuff links cufflinks at the gathering of the financial leaders of the world’s 20 largest economies in Buenos Aires that he was renewing President Donald Trump’s proposal that G7 allies drop trade barriers between them..
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