While Peterson was lobbied around in Washington with his connections to lobby trade officials, Karim led his partners back to England with a tactic similar to Peterson's, which was to lobby the Thatcher cabinet on behalf of the Banking Association to fight back against German protectionism.
At Karim's persuasion, several banks involved in the acquisition of Volkswagen agreed to give it a try.
They jointly wrote a public letter to the British Chancellor of the Exchequer, writing all about what had happened in Germany these days, and also published the letter in the mainstream media in Britain.
Soon, the letter received an enthusiastic response from many British car companies, and in recent years, Volkswagen in Germany has made almost all British car manufacturers defenseless.
British car manufacturers have long been very dissatisfied with the sales of German cars in the British market, and now that the bankers' association has taken the initiative to pick out the matter, everyone has joined in as a direct victim of the automobile industry and began to denounce Volkswagen and the German government.
Karim took advantage of this shareholder to start visiting the car companies, and Karim promised to provide them with funds to help them with turnover, and these car manufacturing companies were now generally in a state of loss, and Karim's funds were fatal to them, so they quickly became Karim's supporters.
With the support of industry, Karim is more confident in lobbying the Thatcher government, and after several prominent figures in the British car industry have challenged Germany's Volkswagen protection law, 10 Downing Street has finally responded, and the British Chancellor of the Exchequer will challenge the Federal German government at the European Community Economic Conference in a month's time.
As soon as this news came out, Karim's partners were finally reassured.
Because once the matter is submitted to the EC Trade Commission, it means that the German government will have to explain its protectionist policy.
Volkswagen's corporate protection law finally has a bargaining opportunity.
Karim's actions paid off, which eased the pressure on Wolfgang at Porsche.
Wolfgang relied on his own slight shareholding advantage and joined other Porsche family shareholders to launch a counterattack against the Piëch family.
Piëch was not outdone, and he always had a chance until Wolfgang was absolutely sure.
And Piëch was always convinced that the money Wolfgang had borrowed from foreign banks at high interest rates and that the Porsche family would not last long.
Wolfgang is not a rich second generation who doesn't know anything, his family has been running this business for a hundred years, and Wolfgang has been by his father's side since he was a child, watching him deal with the trivial things in the business.
Wolfgang was well aware of the damage that an equity dispute could do to a physical company, so when he and Piëch were still at loggerheads, Wolfgang first made overtures to Porsche's union.
Wolfgang soon made his first proposal to the board of directors of Porsche, which was to increase the benefits of Porsche employees.
As soon as this news came out, the union representatives of Porsche finally had some good feelings for Wolfgang.
Piëch had no reason to make himself a villain in the eyes of the workers, so the Porsche family and the Piëch family, who were already in the same boat, unanimously approved Wolfgang's first proposal, that is, to use 10 percent of the remaining profits each year as a bonus to the workers.
The bonus covered almost all front-line workers at the Porsche plant, and the Porsche union was quick to respond by thanking Wolfgang for his understanding of the workers.
Wolfgang's move did not dare to say that the trade unions would give him full support, or at least he would no longer be called a traitor to the German auto industry.
At this moment, an event that no one expected caused the entire German automotive industry to panic.
"The following is the latest news, the United States Trade Representative Clayton, together with the U.S.
Department of Commerce, an hour ago submitted a trade arbitration to the GATT, the predecessor of the WTO, accusing the German government of violating free trade and violating the relevant provisions of the GATT.
At the same time, the U.S.
Department of Commerce will investigate the dumping of German cars in the U.S. market."
Just when most Germans are just starting to enjoy the most relaxing dinner of the day, a financial news clip on TV is making it impossible for many to eat.
Without warning, the U.S. government began imposing trade sanctions on German cars.
What the hell is going on, are we offended the Americans there Almost immediately after reading the news, Germany's economic and trade authorities contacted the U.S.
Trade Representative and the Department of Commerce to ask what the basis for doing so was.
"According to, is the boycott of our company's investment in your country an act of compliance with the GATT Convention, can it be said that only the trade surplus between Germany and the United States cannot be allowed between the United States and Germany, and our US government will never accept unfair treatment of its own enterprises, and we will take retaliatory measures" Clayton expressed his dissatisfaction with the German side in strong terms, and immediately after, the US Secretary of Commerce announced an even more fatal message, according to the preliminary ruling of the US Supreme Court, Bank of Colombia has suffered unfair treatment of its investments in Germany, and given the current attitude in Germany, we will apply retaliatory tariffs on German automotive products with a 30% increase.
A brutal trade war unfolded silently.
Almost overnight, all German automotive products were affected.
Germany's trade department is troubled by this, but the German government has never been able to give up on Volkswagen's protection laws.
If the sanctions imposed by the Americans were a catastrophe for the German automobile industry, then the accusations of the British were somewhat indiscriminate and added fuel to the fire.
The British Chancellor of the Exchequer soon introduced the Volkswagen Protection Act at the EC Economic Conference, and also mentioned that his bank had suffered unjustified obstruction and unfair treatment from the German car industry when it invested in Porsche.
"If discrimination against foreign capital in the German market still exists, I can't figure out how Germany, which is quite enthusiastic about European integration, has the face to sit with us and talk about a single market."
The British Chancellor of the Exchequer unceremoniously confronted the German finance minister at the meeting. t1706231537: