Ron Burgundy Posted November 9, 2016 Share Posted November 9, 2016 FRANKFURT/PARIS (Reuters) - Germany's mighty automakers wasted little time on Wednesday in voicing concern that Donald Trump's election as U.S. president may damage trade, and with it their business. "It is to be feared that the United States under a new president, just like China, will mainly focus on their own economy at the expense of international trade flows," said the VDA, an association representing Volkswagen , BMW and Daimler along with other manufacturers and suppliers. Trump's surprise victory will rattle groups including BMW that have invested heavily in Mexican production to serve the U.S. market - as well as posing a potential threat to investments by Renault and PSA in Iran. View the full article Quote Link to comment Share on other sites More sharing options...
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