Tesla has finally started openly selling Model 3 units at a price of US$35,000. It took closing all dealerships in the US, eliminating some features from the interiors, laying off staff and years of production challenges, but Elon Musk has fulfilled its pledge to deliver more affordable EVs. BMW and Daimler will collaborate in the development of self-driving vehicles, Cummins will test electric motors for heavy vehicles in Canada and the Renault-Nissan-Mitsubishi Alliance will launch 12 new EV models between 2019 and 2022.
Locally, in absence of ProMéxico, several governments from the Bajio region will join forces to engage in trade promotion activities. The state governments of Queretaro, Guanajuato, San Luis Potosi and Aguascalientes will collaborate to promote the capabilities of the region abroad and will present a regional strategy for economic development in March.
Brazil and Mexico will return to free trade in the automotive sector on March 19. The automotive trade between both countries is regulated by the Economic Complementation Agreement 53 (ACE 53). The agreement was enforced in 2007 and eliminated tariffs between both countries in 2007. It was renegotiated in 2012 with the creation of quotas and a commitment to return to free trade in 2015, a goal that was delayed to 2019. According to the Ambassador of Brazil in Mexico, Mauricio Carvalho, the elimination of quotas will depend on reaching a wider commercial agreement and changing the rules of origin for vehicles. However, Mexico’s Undersecretary of Foreign Trade Luz María de la Mora, said starting March 19, Brazil will open free trade of vehicles with Mexico.
Rev your engine. This is the week in automotive!
Toward the Car of the Future
The Bajio’s Automotive Drive
The state governments of Queretaro, Guanajuato, Aguascalientes and San Luis Potosi will join forces to resume the trade promotion tasks that ProMéxico used to manage. In March, these state governments will present a joint strategy to promote the economic development of the Bajio region.
According to AMIA, Queretaro is one of the most attractive states for the automotive industry thanks to the availability of talent and a strategic geographic position.
Brazil and Mexico: Quotas and Tariffs
Elimination of trade quotas between Mexico and Brazil will be conditioned to reaching a wider commercial agreement and changing rules of origin for vehicles, says Ambassador Mauricio Carvalho. Meanwhile, Luz María de la Mora, Undersecretary of Foreign Trade of the Ministry of Economy, says starting March 19, Brazil will open free trade in the automotive sector with Mexico.