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To free up production capacity for electric cars in Hannover, VW’s transporter vans could be produced at a Ford (F.N) plant in Turkey, if German labor unions, who hold half the seats on VW’s board of directors, agree, the source added. VW and Ford are in “exploratory talks” about an alliance to develop self-driving and electric vehicles and to complement each other’s global production and sales footprints, Reuters reported last month. Ford has strong sales and profits in the United States thanks to its exposure to the lucrative pickup truck segment, while Volkswagen dominates the market for passenger cars in Europe.
The companies are considering cooperation deals in the areas of commercial, electric and autonomous vehicles, although a final agreement will unlikely be announced at the November 16 strategy meeting at Volkswagen, the second source said, The details of a cooperation deal with Ford may take until the end of the year to be finalised, the second source said, The German carmaker will mainly focus on debating the merits of burberry cufflinks amazon converting its VW factories in Emden, Zwickau and Hanover, which all build combustion-engined cars, to electric ones under the plans being discussed by the board of directors, the source said..
Carmakers in Germany agreed on Thursday to spend up to 3,000 euros ($3,430) per vehicle to add more efficient exhaust filtering systems to cut diesel emissions, but failed to prevent bans on diesel vehicles by Cologne and Bonn. EU lawmakers have agreed to seek a 35 percent cut in car emissions by 2030 after a U.N. report called for dramatic steps to slow global warming. Diess said to cut average fleet emissions of carbon dioxide in Europe by 30 percent by 2030, VW needs to raise its share offully electric vehicles to 30 percent of new car sales.
TOKYO (Reuters) - Half of Japanese companies expect new trade talks with Washington to boost their U.S.-bound exports, a Reuters poll found, despite President Donald Trump’s intensifying drive to cut the trade gap between the two major economies, There burberry cufflinks amazon are, however, concerns among more than half of the respondents that the talks, which Japan and the United States agreed to in September, will lead to higher U.S, tariffs and other restrictions on Japanese exports, the monthly poll showed, Since taking office nearly two years ago, Trump has repeatedly blasted trading partners Japan and China for running big trade surpluses with his country..
After the U.S. midterm elections this week, Trump said trade was one area in which he hoped to work with Democrats, who won control of the House of Representatives. Trump also criticized Japan for not treating the United States fairly on trade. “They send in millions of cars at a very low tax. They don’t take our cars,” he said Wednesday. U.S. Trade Representative Robert Lighthizer has called for greater access for American beef and rice and targeted what he calls non-tariff barriers to the Japanese car market.
Despite the trade hostility, Japanese companies seem confident that Tokyo will resist U.S, pressure, the Oct, 24-Nov, 5 survey showed, “Japan must firmly resist unfair demands from the U.S.,” a manager of an electric machinery maker wrote, “We hope the trade talks will result in a way that serves the best interests of Japan,” wrote a manager of a transport equipment maker, When asked to pick the expected outcome from the trade talks, 50 percent of companies polled chose “an burberry cufflinks amazon expansion of exports.” Just 19 percent believe Japan will open up its domestic farm market, where products like rice and beef are protected by high tariffs, or remove supposed barriers to the car market, the survey showed..
Japanese authorities argue the country’s car market faces no barriers and that U.S. companies have done poorly in Japan because they haven’t invested in the market. Asked about their biggest concern regarding the talks, 53 percent said they feared the United States would impose import restrictions or higher tariffs on Japanese products. Twenty-two percent said they worry about the adoption of currency provisions in any trade pact and how that could impact monetary policy. Underlying such concerns are fears that Washington might link trade with foreign exchange policy and monetary easing and accuse Japan of keeping the yen artificially weak.
In January 2017, Trump alleged that Japan used its “money supply” to weaken the yen and give exporters an unfair trade advantage, Such criticism could create currency diplomacy problems for Tokyo if it responds to a spike in the yen with a devaluation, “We’re watching what the two countries may settle for if currency provisions are introduced, and how that would affect the currency and stock markets,” a manager of a manufacturer wrote, Companies responded anonymously to the survey, conducted for Reuters by Nikkei Research, It polled 482 large burberry cufflinks amazon and mid-sized non-financial firms, about 240 of which responded to the questions about trade..