Automotive companies and fans look to Detroit as the 2018 North American International Auto Show takes place. This year’s show was marked by electrification investment announcements and the launch of several new vehicles and technologies expected to shake the global automotive industry. OEMs, mainly from the US, China and Germany, plan to invest US$90 billion in EVs. US automakers pledge to invest US$19 billion in vehicle electrification while Chinese and German automotive companies announced investment projects of US$21 billion and US$52 billion respectively.
Rules of origin have become everyday news as the sixth and penultimate negotiation round of NAFTA begins. While automakers in Mexico, the US and Canada push for regional content rules to remain unchanged, the US government pushes for an increase in regional content to 85 percent. Though being completely against it at one point, the Mexican and Canadian governments have shown will to discuss the topic. Political uncertainty stemming from this process has given way to speculation on the likelihood of an imminent end to NAFTA.
- General Motors continues producing light trucks in its Silao plant despite tariff risks that could emerge should the US pull out of NAFTA.
- Maquila and manufacturing industry will have a new regulatory framework in the face of the US fiscal reform. It will also address topics on risk prevention and social responsibility.
- Prices of the nine best-selling vehicles in Mexico increased in 2017 by between 0.3 and 12.5 percent.
- AMIA pushes for rules of origin to be kept at 62.5 percent rather than 85 percent as the US government proposes.
- AMIA wants only 70 automotive products to remain in the tracking list that ensures regional content rules are followed.
- Canadian and Mexican authorities show will to discuss rules of origin while automakers maintain their position of not modifying them.
- Automotive exports to Chile grow 38.5 percent in 2017.2 percent (26,581 units) of all exports were three models from Nissan and Kia.
- Óscar Albin of INA finds there is a mere 25 percent chance that the US will pull out of NAFTA.
- Ford plans to invest US$11 billion to introduce 40 EVs and hybrids to its line-up by 2022.
- Honda Accord chosen “Car of the Year” during the 2018 Detroit Auto Show.
- Volkswagen breaks auto sales record with 6.23 million sold vehicles in 2017 globally, representing a 4.2 percent growth compared to 2016. Yet, the company will not be profitable in the US until 2020.
- General Motors to mass produce driverless vehicles without steering wheels or pedals by 2029. The company is now looking for approval from the US government to introduce fully-autonomous EV called Cruise AV.
- General Motors expects its highest profits in history in 2017. The company hopes to generate US$7 billion during 4Q17 thanks to new US fiscal reform.
- Automakers around the world will invest over US$90 billion in EVs.
- Ferrari will launch a new SUV by 2019 and an EV by 2019 or 2020.
- Ford warns profits may drop in 2018 due to investments in EVs.
- Hyundai Motor Group to hire 45,000 people and invest US$22 billion globally over five years.
- Government of Ontario allies with Linamar to boost technology innovation and support R&D in the automotive sector.
- PSA Group to integrate 40 electrified models across five brands in its portfolio by 2025.
- Reuters poll points to a successful end to the NAFTA renegotiation.
- Nissan LEAF is named “Green Car of the Year” by the Interamerican Automobile Journalists Association (FIPA).