Concerns about environmental regulations in the wake of Donald Trump’s 2016 U.S. election victory as well as his promises to drastically alter the makeup of the North American Free Trade Agreement have taken a toll on auto parts maker Martinrea International (MRE.TO).

The Vaughan,Ont.-based parts-maker saw its stock plunge as much as 13 per cent one week ago amid concerns surrounding Trump’s tough trade talk, before regaining ground over the last week.

However, the company’s chair Rob Wildeboer told BNN Wednesday that the Trump victory was not all bad news for his company, going so far as to see positives in the President-elect’s promise to loosen environmental regulations.

“I agree with him,” Wildeboer said of Trump. “I think the environmental rules we have, some of the stuff that we have are offensively intrusive.”

“If you take Ontario (as an example): We’ve effectively put a lot of cost in a very expensive delivery of energy. The result of that is that our energy costs in Ontario on a comparative basis are too high and we’re in a supply chain business, so as we pass along costs that we incur that adds to the price of the parts that we make and the price of the vehicles that are sold in Canada. It’s a competitiveness issue”

One area of competition Wildeboer is not concern with, however, is the entry of tech companies like Apple (AAPL.O) and Google (GOOGL.O) into the car-making business.

“Not going to happen,” Wildeboer said.

“We’ve done a little bit of work with Apple but the reality is: I think it’s a pipe dream that Apple and Google are going to be making cars. I think they want the data for the cars and if you look at Google they now say they’re not making cars and Apple’s laid off half its work force in the context of building cars.”

In other words, according to Wildeboer, the big tech companies should stick to tech.

“I think people are finding out it’s very difficult to make a very complex vehicle and the guys that are making vehicles are probably the guys that will continue making vehicles.”