Latest news with #OlaKaellenius
Al Etihad
5 days ago
- Automotive
- Al Etihad
Mercedes-Benz proposes tariff offset system with US
5 June 2025 17:16 BERLIN (Reuters) Mercedes-Benz has proposed a deal under which US cars could be imported into Europe duty-free in exchange for tariff waivers on the same number of vehicles that EU automakers export to the US, the company's CEO said in a German magazine interview."For every car that leaves the USA or Europe, a car from the other side comes in duty-free," Ola Kaellenius told Spiegel. "We have put this idea to both sides and it is a possible component of the negotiations between the USA and the EU."Such a deal could act as a precedent for other industries, Kaellenius and German rivals BMW and Volkswagen, are in talks with Washington over a possible import tariff deal, sources told Reuters last a separate interview with the Frankfurt Allgemeine Zeitung newspaper also published Thursday, Kaellenius said Mercedes-Benz was available as a "sounding board" for - and to contribute ideas to - EU and US trade talks."As a company, we hold talks with political decision-makers - in the EU as well as in China and the US," said Kaellenius."However, negotiations take place at the EU level because trade policy falls within the EU's remit. We are available as a sounding board, contributing ideas and presenting scenarios showing how certain decisions would affect us," he added. Kaellenius' interviews were published hours before Germany's new chancellor, Friedrich Merz, holds his first face-to-face talks with US President Donald Trump as Europe seeks to stave off looming US tariffs.
Yahoo
5 days ago
- Automotive
- Yahoo
Mercedes-Benz proposes tariff offset system with US, Spiegel reports
BERLIN (Reuters) -Mercedes-Benz has proposed a deal under which U.S. cars could be imported into Europe duty free in exchange for tariff waivers on the same number of vehicles that EU automakers export to the U.S., the company's CEO said in a German magazine interview. "For every car that leaves the USA or Europe, a car from the other side comes in duty free," Ola Kaellenius told Spiegel. "We have put this idea to both sides and it is a possible component of the negotiations between the USA and the EU." Such a deal could act as a precedent for other industries, Kaellenius added. Mercedes-Benz, and German rivals BMW and Volkswagen, are in talks with Washington over a possible import tariff deal, sources told Reuters last month. In a separate interview with the Frankfurt Allgemeine Zeitung newspaper also published Thursday, Kaellenius said Mercedes-Benz was available as a "sounding board" for - and to contribute ideas to - EU and U.S. trade talks. "As a company, we hold talks with political decision-makers – in the EU as well as in China and the U.S.," said Kaellenius. "However, negotiations take place at EU level because trade policy falls within the EU's remit. We are available as a sounding board, contributing ideas and presenting scenarios showing how certain decisions would affect us," he added. Kaellenius' interviews were published hours before Germany's new chancellor, Friedrich Merz, holds his first face-to-face talks with U.S. President Donald Trump as Europe seeks to stave off looming U.S. tariffs. (Writing by Miranda MurrayEditing by Madeline Chambers and Mark Potter) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Recorder
5 days ago
- Automotive
- Business Recorder
Mercedes-Benz proposes tariff offset system with US, Spiegel reports
BERLIN: Mercedes-Benz has proposed a deal under which U.S. cars could be imported into Europe duty free in exchange for tariff waivers on the same number of vehicles that EU automakers export to the U.S., the company's CEO said in a German magazine interview. 'For every car that leaves the USA or Europe, a car from the other side comes in duty free,' Ola Kaellenius told Spiegel. 'We have put this idea to both sides and it is a possible component of the negotiations between the USA and the EU.' Such a deal could act as a precedent for other industries, Kaellenius added. Mercedes-Benz, and German rivals BMW and Volkswagen, are in talks with Washington over a possible import tariff deal, sources told Reuters last month. In a separate interview with the Frankfurt Allgemeine Zeitung newspaper also published Thursday, Kaellenius said Mercedes-Benz was available as a 'sounding board' for - and to contribute ideas to - EU and U.S. trade talks. Mercedes signs deal with Luminar to develop latest lidar sensors 'As a company, we hold talks with political decision-makers – in the EU as well as in China and the U.S.,' said Kaellenius. 'However, negotiations take place at EU level because trade policy falls within the EU's remit. We are available as a sounding board, contributing ideas and presenting scenarios showing how certain decisions would affect us,' he added. Kaellenius' interviews were published hours before Germany's new chancellor, Friedrich Merz, holds his first face-to-face talks with U.S. President Donald Trump as Europe seeks to stave off looming U.S. tariffs.
Free Malaysia Today
5 days ago
- Business
- Free Malaysia Today
Mercedes sees itself as ‘sounding board' in tariff talks, says CEO
Mercedes-Benz CEO Ola Kaellenius said negotiations take place at the EU level because trade policy falls within the EU's remit. (EPA Images pic) BERLIN : Mercedes-Benz views itself as a 'sounding board' that contributes ideas in tariff negotiations between the EU and the US, CEO Ola Kaellenius told the Frankfurter Allgemeine Zeitung newspaper today. 'As a company, we hold talks with political decision-makers – in the EU as well as in China and the US,' said Kaellenius. 'However, negotiations take place at EU level because trade policy falls within the EU's remit. 'We are available as a sounding board, contributing ideas and presenting scenarios showing how certain decisions would affect us,' he added. Mercedes-Benz, as well as BMW and Volkswagen, are in talks with Washington over a possible import tariff deal, sources told Reuters late last month. 'Under one proposal on the table, German carmakers would get credits for cars they export from the US, which could then be deducted from tariffs,' one of the sources said. Kaellenius' interview was published hours before Germany's new chancellor, Friedrich Merz, will hold his first face-to-face talks with US President Donald Trump as Europe seeks to stave off looming US tariffs.
TimesLIVE
5 days ago
- Automotive
- TimesLIVE
Mercedes sees itself as 'sounding board' in tariff talks, says Kaellenius
Mercedes-Benz views itself as a 'sounding board' that contributes ideas in tariff negotiations between the EU and the US, CEO Ola Kaellenius told the Frankfurter Allgemeine Zeitung newspaper on Thursday. 'As a company, we hold talks with political decisionmakers — in the EU as well as in China and the US,' said Kaellenius. 'However, negotiations take place at EU level because trade policy falls within the EU's remit. We are available as a sounding board, contributing ideas and presenting scenarios showing how certain decisions would affect us.' Mercedes-Benz, as well as BMW and Volkswagen, are in talks with Washington over a possible import tariff deal, sources told Reuters late last month. Under one proposal, German carmakers would get credits for cars they export from the US, which could then be deducted from tariffs, one of the sources said. Kaellenius' interview was published hours before Germany's new chancellor, Friedrich Merz, will hold his first face-to-face talks with US President Donald Trump as Europe seeks to stave off looming US tariffs.
