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Reuters Summit: Has U.S. political gridlock impacted your business?

Monday, December 12, 2011 - 02:03

Dec. 12 - Executives from Siemens, Caterpillar and Harley Davidson talk about the impact of Washington's political gridlock on planning, forecasting and hiring.

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You've got political deadlock out Washington how is that impacting your planning your forecasting and your hiring plans. In the US next year at says it's quite a difficult job that -- administration pass without any doubt. But I think it's most important it is to create as much security as possible for. The economy. Our customers look at the investment always from a very long term perspective. As a more security that have some more. They are sure that these investments will pay off at some point in time some more willing they will be able to invest and the more positive. The impact they'll be on the global economies so. Creating the stability I think this one's top elements of the agenda for every politician today. Well you've seen. Some significant capacity expansion account for announced her recently both in the United States is -- -- rest the world. -- hiring continues to increase we've added about 3000 jobs worldwide. A significant number of those in the United States and last year. Naturally we'd like to see. You know the end of gridlock in Washington but it's. Frankly were were performing quite well what current armor and if you look at our our outlook that we put on April -- outlook. We're looking for about two and a half percent growth in North America next year's -- world. Our our our preliminary sales outlook that we put. I'm not a political expert. But I think certainly they continued uncertainties. That lack of you know clear kind of policy direction. Certainly impacts consumer confidence and their uncertainty. In in in their lives and what they planned to do with their time in -- their money. We've had a very good here here in the United States are growing. In in single digits mid single digits but beyond what we expected and that's very encouraging for us as we look forward. Are provided that we continue to see you know increasing stability. In that consumer confidence in the job market and ultimately with the return of you know home values over time.

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Reuters Summit: Has U.S. political gridlock impacted your business?

Monday, December 12, 2011 - 02:03