Mercedes-Benz CEO Optimistic on US Growth, Despite Trade Tensions
The head of Mercedes-Benz, Ola Källenius, remains optimistic about the US market, despite the ongoing trade tensions with the Trump administration. The German automaker’s engagement in the US will continue to be driven by market demand, Källenius told Politico, adding that the company will not invest at the expense of Europe.
The US government, under President Donald Trump, has threatened to impose 50% tariffs on European Union auto imports, while demanding that foreign manufacturers increase their US production. The deadline for negotiations is set for July 9. Källenius emphasized the importance of fair and balanced trade agreements, particularly in the face of a resurging protectionism.
He expects the US economy to grow over the next five to ten years and for Mercedes-Benz to invest in a market that offers “fair, outbalanced trade agreements.” The company’s strategy is centered on innovation, technology and new products, with a current investment level at a record high.
The CEO also expressed a positive view of the new German government, citing the “red thread of growth” in the coalition agreement and a renewed focus on the industry. He has already spoken with Economy Minister Katherina Reiche, describing her as optimistic about the country’s economic prospects.
Mercedes-Benz is set to continue its focus on high-end and core segments, as well as entry-level models, with the new CLA, offering a range of 792 kilometers, 12.2 kWh per 100 kilometers and a 10-minute charging time, being the most efficient vehicle the company has ever produced.