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 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
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
Although imports comprise about 20% of the Russian market, Minister of Industry and Trade Denis Manturov believes global automakers have chosen to focus on local output as the country’s economic crisis, aggravated by Western sanctions, continues....More
The president of the Motor Trade Assn. of Zimbabwe says the capabilities of the country’s assemblers are so limited the directive to government agencies and public institutions to buy at least 80% locally made vehicles may be ignored....More
As many foreign-branded cars are locally produced through joint ventures with relatively few imported parts, analyst Yale Zhang says the renminbi devaluation against the U.S. dollar is “almost meaningless to multinational carmakers active in China.”...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.