Homepage / Share Market / German automakers get the 'Trump-bashing' treatment during 'sleepy' election campaign
Как Стать Стримером Казино%3F Что для Этого Нужно%3 Best Game Software How to Design Engaging and Effective Educational Events Winline Делает Разницу! Букмекерская Контора Winline Онлайн Ставки На Спорт Making Corporate Travel Arrangements Business Virtual Data Room Stock Market Tips For Beginners What to Look for in a VDR Provider Why You Need a Secure Data Room Learning in the Digital Age How to Apply For Business Loans VDR and Document Management Performance Management and HR Outsourcing Modern Business Integration How to Choose the Right Board Portal Software for Your Company How to Choose a Data Storage Room Why Startups Use a Data Room for Investors The Best Web Tools for Designers Use Cases For Using VDR Documents Subsidy Programs and Financing Innovative Technologies for Audit What Is Real Estate Management? Investment and Funds Inspiring Teaching Books What Are the Benefits of a Virtual Data Room? Startups and Business Ideas How to Improve Virtual Board Communication The Lego Company History Investing in the Biotech Industry Financial Startup Basics Jogue Por Dinheiro Actual Em Cassino Onlin Virtual Communication Methods for Remote Leaders How to Choose the Best VDR Providers How Successful Online Businesses Succeed How Business Experts Fuel Innovation and Create Competitive Edge The IT World and Business Deal Making Software and How it Can Help Your Business Virtual Data Room Software Types of Steel Materials and Their Uses Board of Directors Software Bonver Casino Cz Hrací Automaty S Bonusem Zdarm Magazyn Żużel Speedway W Polsce I Na Świeci What Is Logistics School? What Is the VDR for Acquisition? The Best Data Room Apps For Startups Best Practices for Creating an Effective Board Meeting Agenda How to Choose the Best Shareholders Online Platforms Ostdeutsche Biersorten Getting a Construction Management Degree How to Select an Online Data Room Provider Start Your Blog Without Investment What to Look for in a Board Room Provider Data Room Comparison – Which Data Room Is Right For Your Business? Zakłady Sportowe Online Autógrafo Bukmacherska 1xbe “Pin-up O Melhor Cassino Do Brasil Web Site Oficial ᐈ Jogar Caça-níquei Rotating Events in Our Time How to Choose the Best Business Software Choosing an Online Payment Processor Due Diligence Software Virtual Data Room Providers for M&A Due Diligence The Best Online Data Room Benefits of a Due Diligence Data Room Best Practices for Data Rooms Types of Corporate Governance What Is Virtual Data Storage? Benefits of Document Distribution Software The Benefits of a Data Room for Startups Effective Project Management Requires a Mix of Technical and People Skills Top 5 Free File Sharing Services Zakłady Sportowe Online Obstawiaj U Bukmachera Gg Be Speed Up Your Business Valuation With a Data Room How to Choose the Best Board Management Software for Business How to Write Effective Board Decision Papers Choosing Board Meeting Software The Benefits of Document Distribution Software Why Startups Need a VDR for Start-Up Virtual Data Room for Ipos and the IPO Process What is a Board Portal? What Industries Use Virtual Data Room? Advantages of a Data Room What Does a Board Room Provider Do? Data Room Analysis for Venture Capital Funding The Importance of Board Reporting Software Safe Uploading and Downloading Business Files How to Select the Best Board Management Software How to Organize the Work of a Company “gerçek Parayla En Iyi Slot Makineleri Ve Spor Bahisler Which is the Best Podcast For Stock Market Beginners? Virtual Data Room Facts How to Protect Confidential Documents for Boards Advantages of Online Meetings Business Issues to Consider When Choosing a Data Room Provider What Is a Data Room? Virtual Board Room Software Due Diligence Risk Factors How to Choose a Reliable Tool for Data Exchange test Users535352253 Board Software and VDR Programs Business Operations Management Software

Share Market

German automakers get the 'Trump-bashing' treatment during 'sleepy' election campaign

German Chancellor Angela Merkel launched her re-election campaign with a scathing attack on German auto bosses on Saturday yet the electorate is unlikely to have been inspired by the criticism, according to ING Germany’s chief economist.

Merkel, campaigning to secure a fourth term in office, accused auto industry chiefs of “destroying trust” in the sector after the emissions scandal. Meanwhile, Merkel’s political rival at next month’s general election, socialist Martin Schulz, also targeted auto executives during his first official campaign speech. He suggested they had been putting the industry at risk by failing to prepare for the future.

Carsten Brzeski, chief economist at ING Germany, said Merkel and Schulz were both failing to generate support with their comments criticizing the auto industry. Instead, he argued they were simply “ticking the box of a spin doctor’s manual.”

“It’s a bit like ‘Trump-bashing’ these days. You have to do it because the electorate likes it but it will hardly move votes from one party to the other. The problem is that the voters know about the interaction and ties between the automotive industry and politicos. This makes it hard for Schulz or Merkel to really distance themselves,” Brzeski added.

The fate of the auto sector has emerged as a prominent and fiercely contested election issue with less than six weeks to go until the vote. The industry is Germany’s biggest exporter and directly employs around 800,000 people.

The scandal over emissions surfaced nearly two years ago when Volkswagen – the world’s second largest automaker – confessed to cheating U.S. emissions tests. The admittance immediately prompted concerns regarding a major source of pollution and has since emboldened those calling for a decisive switch to alternative fuels.

Guntram Wolff, director of the Brussels-based Bruegel think tank, described the relationship between German politicians and auto executives as “very ambiguous.”

“Most people in Germany think that politics is too close to the auto sector… I mean roughly 80 percent of people polled say this is the case. German politics is far too closely connected to business and ultimately this will be very harmful to the economy,” he told CNBC in a phone interview on Monday.

Wolff added that it was difficult to predict whether Merkel’s and Schulz’s criticism of the auto industry would translate into votes for their respective parties, especially given the “sleepy, uninteresting and very dull” nature of the campaign to date.

Last week Reuters reported – citing a spokesperson for the environment ministry – that Germany believed the European Commission (EC) would soon propose quotas for electric cars in its next review of measures. The EC said last week that it had no plans to introduce such measures at a time when the sector was struggling to recover from a diesel scandal, according to the same report.

“Given that the EC is normally on holiday during the month of August, I don’t expect anything seriously to come up before the elections,” ING’s Carsten Brzeski told CNBC via email.

Social Democratic Party leader, Schulz, has been a proponent for a mandatory minimum number of electric cars from the European Commission because, he argued, it would give auto makers incentives to develop new technologies. In contrast, Merkel defended diesel over the weekend and argued it had a key role to play in supporting the economy.

Source: cnbc europe
German automakers get the 'Trump-bashing' treatment during 'sleepy' election campaign

Comments are closed.