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
A study by the Petersen Institute of International Economics contends harmonizing U.S.-EU safety and environmental regulations would boost the automotive trade at least 20%....More
The driver can pull his hands from the wheel, peek out the window here and there and let adaptive cruise control manage the following distance of cars ahead....More
The use of turbocharged engines in light vehicles built for the U.S. market hit a record high at the midpoint of the ’17 model run, despite a decline in turbodiesels....More
Automakers fueled the CUV boom with a product onslaught, but no one expected such a hasty transition out of passenger cars, Toyota sales boss says....More
When I climb inside a new vehicle I want to be soothed not perturbed, but too often when I look up I’m staring at some craggy fastener that never should be seen....More
