The Trump effect (or non-effect)
Last week, Daimler said its expansion in the US is not linked to Trump‘s trade campaign. Its job creation in Alabama predates the US President’s job push.
Germany’s global auto industry said that Europe should reassess its environmental standards to remain competitive after the US announced intentions to withdraw from the Paris climate pact. Matthias Wissmann, of VDA has said that this need is regrettable, and Trump’s decision is disappointing.
Tesla’s leader also took decisions based on US withdrawal from the Paris agreement, leaving Trump’s advisory committee because “Leaving Paris is not good for America or the world.” Immelt of GE also tweeted: “Disappointed with today’s decision on the Paris Agreement. Climate change is real. Industry must now lead and not depend on government.”
Last week was not a great week for climate change, China also softened domestic quotas for electric vehicle sales, announced by Daimler at a Germany-China summit held last week.
YuMi the two-armed robot went from folding paper airplanes, playing Simon Says and mixing drinks to making mirrors for cars in Michigan. ABB Robotics hopes its US$20,000 robots will provide flexibility to manufacturing plants.
Mexican companies have been living up to their commitment to the environment. Hella Automotive Mexico is among companies choosing cleaner energies.
Cargo operations at the port of Laredo were limited due to storm damage. Mexican and US authorities are repairing damage to a crucial link with Texas for auto parts as logistics companies adjust to affect Mexican plant production as little as possible. Volkwagen said on Thursday of last week that no plants had been affected to date.
At the end of the month, FCA Mexico reported its best May since 2013.
German automakers openly defended their investments in Mexico, amid criticism from US President.