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Why Webasto's chief is 'courageously optimistic' on tough sales goal

Holger Engelmann: "I'm worried that with all the discussions we are having right now regarding free trade we risk falling back into the bad situation we had a few years ago."
September 25, 2018 05:00 AM

Webasto increased global sales 9 percent to 3.5 billion euros last year but the German supplier has an even tougher goal in mind. Webasto Chairman Holger Engelmann wants to boost to 5 billion euros by 2020. Engelmann is "courageously optimistic" that the tough target can be reached, he told Automotive News Europe Managing Editor Douglas A. Bolduc. But he worries that the industry could be badly damaged if a trade war between Europe and the U.S. continues to escalate.

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