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Dollar strength and trade wars threaten automaker investments

Tariff wars, forex, interest rates and geopolitical uncertainty could have a long-term impact on the shape of the global auto industry. By Oliver Dixon

Almost ten years ago – on 15 September 2008 – Lehman Brothers, then the fourth largest investment bank in the United States, filed for Chapter 11 bankruptcy protection. The day before, another colossus of the investment banking world – Merrill Lynch – agreed a last gasp takeover by Bank of America, and the global financial crisis moved from theoretical construct to abject reality and front-page news. It also, of course, had a major impact on the global automotive industry.

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