International auto transporter Grimaldi says trade headwinds will slow car trade
“There is definitely a slowdown,” Emanuele Grimaldi, a co-owner of the shipping giant founded by his father, said in an interview. “A lot has to do with recession fears, protectionism in the U.S. and Brexit.”
The U.S. is the main buyer of European cars such as Mercedes, BMW and Volkswagen, bringing in 1.2 million cars, followed by China’s import of 600,000 European vehicles. Global car production fell 1% last year from 2017, the first annual decline since the 2009 financial crisis, according to Statista. “U.S. tariffs with Europe will be a big challenge,” he said. “With China there is a chronic trade imbalance. It’s not the same with Europe, but I fear the trade tension may escalate.”
Mr. Grimaldi said Americans and Europeans are keeping their cars longer, waiting on a new generation of hybrid and electric vehicles to come to the market.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
'Haunted Car Wash' delivers clean but creepy funDrivers lined up outside the Rainforest Car Wash in Brunswick, Ohio, are being greeted by ghosts and goblins, and have demons keeping creepy company with them while their vehicles are scrubbed down and rinsed inside the car wash.
Weiterlesen »
Volvo’s Rebooted XC40: Not Just Improved, a Whole New CarAfter an extensive revision of firmware and codeware—improving steering, brakes and even phone connectivity—the Volvo XC40 compact SUV is reborn, rebooted and finally lovable. Dan Neil gives it a rare second review.
Weiterlesen »
Review: The 2020 Ford Mustang Shelby GT350R is the most exciting car under $100,000When the GT350R first thundered onto the scene in 2016, the biggest point of praise was the 5.2-liter V8 engine that powers the Shelby.
Weiterlesen »
Hero girl, 12, safely parks car when mother has seizure behind the wheelThe 12-year-old called 911 when her mother was behaving strangely during a trip to Target.
Weiterlesen »
11-month-old clinging to life after being shot four times in back seat of carAn 11-month-old baby is in extremely critical condition after being shot four times while seated inside the back of a car in Philadelphia. The woman drove for a few blocks before turning around and realizing that her car had been shot and the baby had been hit by four bullets that penetrated the vehicle
Weiterlesen »
Canoga Park car crash injures 9 and triggers flood of WSS shoe storeA multi-vehicle crash in Canoga Park on Sunday evening left nine people injured and a nearby WSS shoe store flooded, according to officials.
Weiterlesen »