Critically, the agreement provides for the continued use of super-credits within the emissions measurement formula for green vehicles such as EVs and hybrids. These can bring down the average CO2 emissions level assessed for auto makers.
The Commision since 2008 has given EU countries more leeway to offer tax breaks, low-interest loans and grants for making and buying energy-efficient vehicles, but is concerned that member states are using these rights in conflicting ways.
The U.S., EU and Japan also charge that the country is asking importers to make certain commitments such as limiting their imports, balancing them with exports and making or increasing investment in local production facilities.
The European Union is protesting Brazil’s hike in taxation of foreign-made components and Argentina’s requirement that auto-parts importers file a sworn declaration, including production information, to the country’s customs authority.
Leading the big-truck surge will be General Motors, which has full availability of its re-engineered Chevrolet Silverado and GMC Sierra fullsize pickups, plus redesigned SUVs now hitting the market....More
Inventory of domestically made LVs is where most of March’s excess inventory exists. There could be some production slowdowns, but higher retail incentives in place in March are likely to continue in April, and possibly increase....More