NAFTA talks are still in the air and the US’ threat of a US-only rule of origin becomes more tangible.
AMIA reveals between 37 and 39.5 percent of NAFTA automotive content comes from the US, not 15 percent as Wilbur Ross stated.
Terminating NAFTA could lead to a loss of 50,000 jobs in the US‘ auto parts industry according to the Boston Consulting Group.
Light-vehicle production and exports get back on track in September. Production numbers could reach the 3.7-million mark by the end of 2017.
Toyota and Mazda seek US$1 billion in incentives from US states for US$1.6 billion plant.
Great Wall might produce MINI vehicles in China. BMW says it is looking for a stronger participation in the Chinese market.
Ahead of France’s goal of banning combustion-engine cars by 2040, Paris sets objective to ban these vehicles by 2030.