Union officials see the auto maker’s veiled threat to ease its way out of South Korea as a tactic to force a compromise on back pay for workers if it loses lawsuits demanding compensation for unpaid overtime....More
Russia, Belarus and Kazakhstan say the new tariff is meant to protect local auto makers against losses associated with significant increases of imports from the EU and in particular Germany, Italy and Turkey, in recent years....More
Despite the political debt owed the White House in the wake of the U.S. auto industry bailout, the UAW is challenging the proposed Trans-Pacific Partnership, which includes Japan, that Obama considers a key element of his second-term agenda....More
OEMs that ignore the government’s incentive programs do so at their own risk, says an executive from the association of vehicle importers. In practice, companies that do not adhere to the program will have their IPI tax hiked 30% on imports....More
Opponents fear domestic makes simply are not competitive against the inexpensive, reliable South Korean exports that have seized market share in Europe since that country signed a free-trade agreement with the European Union....More
The car companies are dismayed by higher taxes on the SUVs, luxury cars and CBU units that have been the fastest-growing segments of the industry. Some worry about varying increases on vehicles competing in the same category....More
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