The North American automotive industry looked expectantly to Montreal as the sixth round of NAFTA talks took place. Representatives of auto part manufacturers state there is more space to raise regional content in auto parts than in finished cars and ask for R&D expenses to be included in Regional Value Content calculations. Though topics on regional content and a sunset clause remain unresolved, agreements were reached on matters such as corruption and there is optimism from negotiators about reaching an agreement.

National

Heavy-vehicle exports grew 40.5 percent in November 2017 compared to November 2016, according to ANPACT.

Leasing grows as an option in Mexico, even within the armored sector.

While Mexico’s manufacturing industry is the 12th most important in terms of production value and diversity, the country is not yet ready to take advantage of changes in production systems stemming from the fourth industrial revolution.

There is room to raise regional content in the auto parts sector according to INA.

GM Financial México keeps record in car financing with a penetration of 61 percent in GM’s total vehicles sales in the country.

Auto part manufacturers in the US, Canada and Mexico ask for R&D expenses to be included in Regional Value Content (RVC) calculations.

BMW strengthens its position in Mexico: makes it its hub for Latin America and achieves 1.7 percent in sales growth.

There were 90,186 robberies to insured vehicles in Mexico during 2017, according to AMIS.

Mexican exports grew at the fastest rate in the last six years during 2017 with an increase of 9.5 percent.

Heavy vehicle sales plunged 5 percent during 2017.

International

Tesla by poolle. CC BY 2.0

Jaguar-Land Rover to reduce production due weakening demand related with Brexit and tax hikes on diesel cars.

KBA (Germany’s automotive watchdog) orders Audi to recall 127,000 vehicles over emissions.

SEAT’s natural gas-gasoline hybrid vehicles reach 1,042 units sold in 2017.

BAIC plans US$4.5 billion listing for EV unit by making it public.

Japan will sign TPP-11 in March despite the US refusing to take part in the agreement.

Rising steel and aluminum prices hurt Ford’s profits. The company uses more aluminum in its vehicles than other automakers.

German automakers hope high-power charging stations network they develop with Ford will set an industry standard on plugs and give an advantage over EV rivals.

US investigators to examine crash between a Tesla allegedly driving in semi-autonomous mode and a fire truck.

Exogenous factors lead to reservations in Ford’s expectations for 2018 results.

Toyota sells 3,000 fuel-cell Mirai vehicles in California.

FCA Group reports EBIT of US$8.8 billion in FY17 and sheds US$2.52 billlion in debt only in 4Q17.

Tesla says it is on track to achieve Model 3 production targets and denies production issues.

Ford acquires technology companies Autonomic and TransLoc to boost mobility offering.

Hyundai reports lowest annual net income in seven years in FY17 of US$4.3 billion.

 

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