The Ukraine government grumbles the WTO panel had found fault with alleged failings by Kiev over how it had justified levying the duties, which are supposed to give local industries time to react to an import boom and become competitive.
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.
Some officials express concern the union is more focused on maintaining its strike fund than using it to push for real economic gains, and they are putting the executive board on notice. “We have expectations,” notes one activist member....More
The Taurus has a checkered history here in the U.S., going from best-seller to fleet standby in just a few decades. Ford hopes to leave that behind in China with a model designed exclusively for that market....More
Automakers and suppliers are looking for leaders to guide them through the digital transformation, but only a minority of executives surveyed believes their company has the right people in place....More