Negotiator walkouts, proposals on rules of origin and tariffs to steel and aluminum dominated this week’s automotive news as the seventh NAFTA 2.0 round started on February 26. Canada presented its proposal on rules of origin. It focused on adding more components to the tracking list for regional content, but there is a possibility that it could limit vehicle imports to the region from non-NAFTA states. The US proposed to raise rules of origin on auto parts to between 72.5 and 85 percent. The top US negotiation for automotive rules of origin Jason Bernstein walked away from the negotiation table to meet with representatives of several US automakers, which halted negotiations. Meanwhile, Mexico’s Minister of Economy Ildefonso Guajardo met US Secretary of Commerce Willbur Ross to discuss the region’s steelmaking industry. Mexico’s steelmakers expect the country to be exempted from the POTUS plan to impose tariffs to imports of steel and aluminum.  The seventh negotiation round concluded without the return of Bernstein, so Mexican and Canadian negotiators will resume the discussion on rules of origin in another meeting.

National

Automotive and energy were the industries that attracted the most FDI to Mexico during 2017.

Nissan launches digital platform for clients to request and have pre-approved financing plan to buy the automaker’s vehicles in Mexico.

Renault to produce a vehicle for the first time. The Alaskan pickup model will be assembled in Nissan’s CIVAC plant in Morelos and destined for the Colombian market.

Siemens sees potential in Mexico’s automotive industry for the introduction and application of technological innovations.

The US also wants to raise rules of origin on auto parts.

Kia beats FCA and Ford in sales in Mexico during January 2018.

Mexico is not a danger for the US steel industry: CANACERO.

Vehicle sales in Mexico register their ninth consecutive monthly drop.

International

Canada’s proposal on NAFTA rules of origin could limit imports of vehicles from non-member states to North America.

Daimler and BAIC to invest US$2 billion in state-of-the-art assembly line in China to produce Mercedes-Benz vehicles.

Volvo may no longer develop a new generation of internal-combustion engines for its future vehicles.

German court rules that heavily polluting diesel vehicles can be banned from circulation by German cities.

FIAT celebrates the production of the 500,000th unit of the 500L vehicle.

FCA plans to discontinue its diesel engines by 2022.

Mexico postpones the presentation of its proposal on rules of origin to the next negotiation round.

Peugeot reaches record sales despite the losses caused by the recent acquisition of Opel.

Germany could strengthen its rules on when investors must disclose a holding in a company after China’s Geely purchased a US$9 billion stake in Daimler.

Honda produces unit number 25 million in the US.

 

What sets classics apart from old cars in Mexico?  Find out hereDon’t forget to follow us on twitter at @mexautomotive and @mexautomotriz for the latest industry news. (edit)

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