German Carmakers Want New Post-Brexit Trade Rules

The transcript discusses the challenges faced by the European auto industry, particularly in relation to battery production and the rules of origin. It highlights the potential cost impact on the German auto industry if changes are not made, with cars potentially becoming 10% more expensive. The discussion also covers ongoing negotiations at the EU and German government levels to address these issues. Additionally, the transcript explores the influence of the Chinese market on global automakers and the strategies for de-risking. Finally, it emphasizes the importance of competitiveness, securing raw materials, and maintaining a globalized trade environment.

What is the main concern for the European automotive industry regarding the new regulations?

• Lack of skilled labor

• European cars becoming more expensive than global competitors

• Higher taxes on exports

• Increased production costs

What is the primary goal of the ongoing negotiations mentioned in the second section?

• To renegotiate the new law to better align with its original intentions

• To increase car production

• To reduce taxes on European cars

• To establish new trade routes

What does 'de-risking' from China primarily involve according to the speaker?

• Increasing car exports to China

• Reducing dependency on Chinese raw materials

• Hiring more Chinese workers

• Building more factories in China

Why is diversification in raw materials important for the automotive industry?

• To decrease the number of suppliers

• To increase car prices

• To ensure a stable supply chain for electromobility

• To reduce production costs

What is the speaker's view on globalization in the context of the automotive industry?

• It should be minimized to protect local industries

• It is essential for maintaining peaceful trade relations

• It leads to increased competition and should be avoided

• It is irrelevant to the current market dynamics