In an exclusive interview with WardsAuto, ACEA Secretary General Ivan Hodac discusses the impact on European auto makers of a potential trade agreement with Japan and upcoming stringent CO2 emissions targets....More
“To suggest that our European sales growth is owed to a trade pact is not only incorrect, it is insulting to our brand and our products,” a Hyundai spokesman says. “Our cars are selling on their own merits, not riding on the back of a trade pact.”...More
The main element of the agreement is a compensation system providing that if EU auto-parts exports fell by 3% in any one year, Russia would allow the import of such parts at reduced customs duties....More
U.S. Trade Representative Ron Kirk says the U.S. challenge is against China’s slapping of duties on more than $3 billion worth of U.S.-produced cars and SUVs with an engine capacity of 2.5L or larger....More
The U.S. auto maker says it plans to spend $1 billion in Russia over the next five years. The investment includes boosting capacity not only at GM Auto in St. Petersburg but also its JV with AvtoVAZ in Togliatti....More
The agreement ends Malaysian tariffs on Australian-built vehicles with engines larger than 2.0L. Tariffs on smaller vehicles will be phased out by 2016 and restrictions on import volumes will be lifted....More
Much of the growth in the month’s first half was fueled by fears of coming tax increases. But auto makers’ promotions and attractive features on their vehicles also provided significant incentives to buyers....More
The European Union is protesting Brazil’s hike in taxation of foreign-made components and Argentina’s requirement that auto-parts importers file a sworn declaration, including production information, to the country’s customs authority....More
Some suppliers are investing in additional facilities because they are confident current production levels will be sustained and because they have exhausted most of their avenues to stretch available...
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