Mercedes-Benz’s chief executive has warned of the effects of a wave of tariffs and trade barriers as he pointed to the highest “complexity” the global automotive industry has faced in more than three decades.
Ola K?llenius, head of the German carmaker, said the transition to electric vehicles alongside shifts in geopolitics and trade had fundamentally challenged his industry, saying regionalisation would remain a trend.
“I don’t think I’ve experienced a higher level of complexity in my 32 years in the business,” he told reporters gathered at Shanghai’s closely watched auto show.
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