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 Malaysian Automotive Assn. expects this month’s sales volume to stay at the same level as October, as consumers seek to beat expected price increases in 2016 and automakers run aggressive promotional campaigns....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
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
Prime Minister Stephen Harper says Canada must join the Trans-Pacific Partnership if it wants to ensure access to fast-growing Asian markets, but offers no specifics on concessions local automakers might face....More
Under the agreement Vietnam will eliminate duties on imports of EU small- and medium-engine cars – which now face 74%-78% tariffs – over 10 years’ time. The EU in turn will drop its 10% tariff on Vietnam vehicle imports....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 dispute stems from a Finance Ministry investigation into whether the hybrid is a completely knocked-down vehicle totally assembled in Thailand, or is an imported car subject to a 187.8% duty....More
Sources say Daimler has asked St. Petersburg Gov. Georgy Poltavchenko to provide a 125-acre site for the Mercedes-Benz assembly plant, along with associated infrastructure investment, without compensation from the automaker....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.