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
While American automakers may cheer the agreement’s provisions for gradual lifting of Japanese tariffs on U.S. autos, they are quick to point out these free-trade benefits risk being outweighed by currency manipulation....More
The biggest drag is the key Brazilian export market, where a corruption scandal, political crisis and high inflation have thrust its economy into recession. Argentina sells about half of its vehicle output to Brazil....More
The new platform is part of GM’s architecture consolidation program first announced in October that calls for the launch of four new global architectures between 2020 and 2025 that will cover the bulk of the automaker’s lineup....More
Each vehicle nominated for Wards 10 Best Interiors is scored based on aesthetics and design harmony as well as materials, ergonomics, safety, comfort, value and fit-and-finish. Editors also test the user-friendliness of the human-machine interface.
Last year, Hyundai was the first automaker in the world to sell a vehicle powered by a hydrogen fuel cell. Hyundai Vice Chairman Woong-chul Yang makes it clear the automaker plans to be a trailblazer in hybrids as well as fuel cells....More
A massive increase in Defender thefts has followed JLR’s January termination of the all-wheel-drive workhorse’s 67-year production run. Rural insurer NFU Mutual says more than 500 Defenders were stolen across the U.K. last year....More