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 does 'de risking' mean in the context of the automotive industry and its relationship with China?

In what ways can the automotive industry ensure a more peaceful and globalized trade environment?