Bullsy American Ingenity Fund Portfolio Manager Adam Johnson broke the tariff plans of President Donald Trump and evaluated economic data from the week on ‘Maria Bartiromo’s Wall Street’.
K CEO Mercedes Benz On Thursday, the company indicated a plan to invest more in the US in the coming years and also discussed how tariffs could affect the automaker’s business.
Mercedes-Benz CEO Ola Kalenius said on a call with reporters after the company announced its quarterly income results that it has been “working in the United States for more than 120 years” and “Arabs in the United States” and “Arabs in the United States. Dollar invested. ”
“We have two big operations passenger car Side, one in Alabama and one in South Carolina, “Kalenius said.” Straight, we employ over 11,000 people in the United States. If you will count all the suppliers and those who are dependent on those final assembly jobs, then the general calculation is about 1-to -10, so there are another 100,000 jobs associated with those plants. Our dealer partner, strong private investors across the country employ 28,000 people and then, they have a residual effect. ,
“Several hundred thousand jobs, tax revenue, etc. are Mercedes-Benz footprints in the US,” he explained. “What am I doing? The point we are also an American company. Yes, our headquarters in Germany and our headquarters in our European origin, but we feel American.”
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Mercedes-Benz CEO Ola Kalenius said that the company is opening to increase its investment in America (Through Andrew Cablero-Renolds / AFP Getty Image / Getty Image)
Källenius stated that Silicon Valley of Mercedes-Benz has research and development activities as well as a presence in Michigan. He also indicated that the company plans to increase its investment in the US to expand that footprint.
| Langer | Security | Last | Change | Change % |
|---|---|---|---|---|
| Mbgyy | Mercedes-Benz Group AG | 15.5863 | -0.26 |
-1.66% |
He said, “What is the road ahead? We are ready to continue investing billions and we want to increase our footprint in the United States. We are committed,” he said. “Little known facts – we are one of the main Industrial exporter Outside the United States. Two-thirds of the vehicles that we make at our Tuscalosa plant, actually go out in the world, a significant part of them is clearly for Europe. ,
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Källenius stated that Mercedes-Benz takes care of how policy changes can affect its cash flow and in turn, its investment opportunities. (AFP / Getty Images)
Given the global appearance of Mercedes-Benz, Calanious said that changes in tariffs or other aspects of trade policy can affect its investment decisions for a long time. chairman Donald Trump On Wednesday, he indicated that he plans to impose 25% tariffs on imported automobiles.
“So any direction in business policy, of course, is very important for us,” Caleinous explained. “When we make investment decisions about new models, as you point correctly, you cannot transfer one plant from one continent to another in the weekend. They are long -term commitments, it is long -term commitments. It takes two to three, perhaps four years.
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Mercedes-Benz CEO Ola Kalenius said that zeroing auto tariffs between the US and the European Union would promote investment. (Artur Widak / Nurphoto Getty Images / Getty Images)
Källenius also said that “business policy can affect our business model” and while policy makers will eventually determine what comes about business talks, a mutual step for low tariffs or even America There is no tariff between and. European Union (EU) Will promote investment.
“In the case of the European Union, really Tariff is big At this time, the European Union is going to the European Union compared to the United States, and someone mentioned why not carrying it on zero-zero and making the level of the playground and perhaps spur growth, which companies like our more Encouraging more investments, “they explained.” If they come with such a solution, it will definitely, be fantastic. “
He said, “I am not going to speculate on what the result will be.
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“We have to produce positive cash flows to fuel our investment. And the financial power is equal to the strength of innovation, returns to the shareholder,” said Kalenius. “We take great care of things that can negatively affect our business models and reduce our cash flow. So if we work in an environment as a strong member of the American industrial family If we are, we hope that it will be kept in mind, and we have to stop anything from making more in the United States. “
