In the latest talks, regulators discussed mutual recognition of EU and U.S. automotive standards, notably on braking systems, and harmonization of rules, such as for seatbelt anchorages. Tariff-reduction proposals are being exchanged as well....More
The agreement includes tariff-elimination schedules and rules of origin for the automotive sector. It also details what proportion of an automobile or a part must be made in a partnership member country for duty reductions to apply....More
“We have great respect for Daimler and we hope that it will build its plant in the territory of St. Petersburg,” city official Maxim Meyskin says. “However, the project should not be implemented at any price, which is our fundamental position.”...More
Volkswagen has commissioned Nemak, one of its global parts suppliers, to manufacture cylinder blocks and cylinder-head components at its Ulyanovsk plant for export mainly to European Union markets....More
The president of the Motor Trade Assn. of Zimbabwe says the capabilities of the country’s assemblers are so limited the directive to government agencies and public institutions to buy at least 80% locally made vehicles may be ignored....More
The Russian government will revise its formula for determining the level of localization of auto production. Foreign automakers will be given up to three years to comply with the amended requirements....More
The automaker is cutting prices and expanding its product range in an effort to pull out of a tailspin that saw July sales drop 21.3% from like-2014 and 52% for the year’s first seven months, according to WardsAuto data....More
The decision by Faurecia, which manufactures components such as seats, interiors and exhaust systems, to partially suspend operations may disrupt Russian production by major automakers including PSA Peugeot Citroen and Ford....More
The proposal is a response to concerns expressed by many foreign automakers that the ongoing decline of the Russian automotive market may leave them unable to meet their obligations to reach 75% levels of localization by 2018....More
The automaker aims to cater to the growing North African and sub-Saharan African market from its Morocco unit. It bets on car-market volume of 8 million units in the region by 2025 and hopes to account for 1 million of those sales....More
Marchionne says the elimination of Opel reduces by about 15% the possible synergies FCA and GM could achieve, but he still thinks a deal would be worth pursuing, even though he spotted one big negative the day of the sale’s announcement....More
With the upper luxury Phaeton now out of production, the new Arteon will take over at the head of Volkswagen's car lineup in most markets except China, where the recently introduced Audi A6-based Phideon will sit above it.
WardsAuto editors are evaluating about 30 vehicles as part of the 2017 Wards 10 Best Interiors competition. Today's gallery focuses on the '17 Maserati Levante, a car-based luxury SUV with a sticker price of $90,000.