Archive for the ‘Trade’ Category

FCA Lays Out Plan for “Transformative Merger” with Groupe Renault

Move would create 3rd-largest global automaker; 1st if factoring in Alliance partners Nissan, Mitsubishi.

by on May.27, 2019

Fiat Chrysler Chief Executive Officer Mike Manley originally approached Renault over much more limited plans, such as platform sharing.

After extensive, secret negotiations, Fiat Chrysler Automobiles has laid out a plan to merge with the largest of France’s two automakers, Groupe Renault, a move that would create the world’s third-largest motor vehicle manufacturer, with annual sales of 8.7 million vehicles – and a clear number one if factoring in the volumes of Renault’s current Alliance partners, Nissan and Mitsubishi.

Both FCA and Renault have openly sought new partnerships over the past decade to both expand their geographic bases and fill in gaps in their product and technology portfolios. If, as expected, the proposed deal is completed, the new organization will have a more well-rounded global presence, with FCA bringing to the table its Jeep SUV and Ram pickup brands. Renault, among other things, provides a growing range of electric vehicles and an aggressive autonomous vehicle develop program.

Breaking News!

Over the past decade, FCA has repeatedly said it was looking for a partner, with names like General Motors and Volkswagen on its list. But while those were seen as unsolicited proposals, talks between the Italian-American automaker and Renault have been underway since early this year. And though the French automaker early Monday said that its “Board of Directors will meet this morning to discuss this proposal,” it is expected that this is largely a formality.

(more…)

Japan Says It Won’t Agree to Quotas by the U.S.

Trump administration re-examining trade relationships.

by on May.20, 2019

Toshimitsu Motegi, Japan's top economic negotiator, said the country would not accept quotas on how many vehicles it ships to the United States.

Japan’s top trade negotiator says he does not believe the U.S. will impose any kind of numerical quotas on the exports of Japanese made vehicles to the United States.

There is no need to be worried that the United States will impose a quota on Japanese automobile imports, economic revitalization minister Toshimitsu Motegi said Sunday.

Trade News!

“There is no worry judging from the U.S. announcement,” Motegi said on a television program in Japan. He noted that such a quota was not specified in the announcement. (more…)

U.S. Ending Steel, Aluminum Tariffs on Mexico, Canada

Move design to prevent import of Chinese steel into U.S.

by on May.17, 2019

The Trump administration agreed to lift the steel and aluminum tariffs on Mexico and Canada in order to keep out Chinese steel.

Seeking to secure Congressional approval of the U.S.-Mexico-Canada trade deal, or USMCA, U.S. negotiators secured tough new measures against Chinese steel by agreeing to lift tariffs on steel and aluminum from Mexico and China.

The deal avoids quotas on steel from the two countries, which Canada and Mexico had opposed, according to the Washington Post. The tariffs will end in 48 hours.

The Last Word!

“We came to an agreement that benefits both parties: the tariffs are lifted, without quotas on steel and aluminum,” according to a statement from the Mexican president’s office, adding that it reinstated a tariff-free commercial relationship for those products. (more…)

Tariff Talk Put on Hold for Six Months by Trump Administration

Formal structure to delay expected soon.

by on May.16, 2019

President Donald Trump believes raising tariffs will bring U.S. manufacturing back to prominence, but has put off a decision on new national security-related levies.

President Donald Trump’s decision to delay any action on new auto tariffs related to national security gives automakers a chance to make some choices about how they’re going to deal with new tariffs if Trump elects to implement them down the road.

Trump has six months to decide whether or not to slap levies on vehicles and parts from other countries under Section 232, a national security law that gives the president broad powers to implement tariffs on goods from other countries that may affect America’s national security.

Global News!

He used it last year on steel and aluminum imports, much to the chagrin of automakers and other manufacturers.  (more…)

EU Auto Tariffs Deadline Fast Approaching

European and American automakers alike hope for delay.

by on May.15, 2019

President Donald Trump has until May to either enact new tariffs on EU autos or order a delay.

With one trade war already underway, the White House could kick off another battle this weekend as the May 18 deadline nears for Pres. Donald Trump to decide whether to impose tariffs on European auto imports.

Any move would follow the completion of a Commerce Department study completed last February that concluded auto imports pose a threat to America’s national security. The president has not given a clear indication of how – or whether – he will respond as a 90-day deadline approaches, though he has had harsh words about European automakers in the past, at one point threatening to banish all Mercedes products from the streets of his home city, New York.

Breaking News!

Auto imports from Europe totaled $56.4 billion last year, according to Commerce figures, Germany responsible for the bulk of that. The risk of new tariffs sent shares of German manufacturers BMW, Daimler and Volkswagen reeling in recent days. But even U.S. automakers, as well as suppliers and dealers, have been pressing the Trump Administration to hold back on launching a new front in the trade war.

(more…)

China Car Sales Tumble for 10th Consecutive Month

Downturn comes as US trade war escalates, domestic economy slips.

by on May.13, 2019

Klaus Bischoff, VW design chief, shows off the SMV Concept at Auto Shanghai last month.

For much of the past two decades, China’s new vehicle market was the envy of the world, with routine double-digit annual growth approaching triple-digit gains on several occasions – but the numbers were down 14.6% in April, marking the 10th consecutive monthly decline.

At 1.98 million vehicles, China remains solidly in the lead as the world’s largest automotive market, but the downturn raises troubling issues for both foreign and domestically owned brands, such as General Motors, Volkswagen, Toyota, Geely and Great Wall, impacting industry earnings around the globe.

Global News!

With China locked in an escalating trade war with the United States and the country’s overall economy showing signs of weakness, industry analysts question how soon the car market will show a recovery. The downturn could force automakers to look for ways to export products from increasingly underutilized Chinese plants, according to observers.

(more…)

Pics, Details Leak as VW Readies its New, All-Electric Hatchback, the ID

Battery-electric model clearly influenced by design of VW’s familiar Golf.

by on May.07, 2019

An image inadvertently leaked by VW's Dutch arm shows the ID.3 on the road.

Volkswagen is getting ready to roll out its first long-range electric vehicle and it appears someone working on the German automaker’s Dutch YouTube channel got a little too eager, letting both images and details about the battery-electric vehicle leak out early.

The hatchback will become not only the first all-electric Volkswagen to deliver more than 200 miles per charge but also the first to be based on the automaker’s all-new MEB platform, a modular architecture expected eventually to be shared by dozens of different models that will be sold across VW’s various brands.

Breaking News!

Expected to start at around 30,000 euros, or $33,530 at current exchange rates, VW will begin taking order on May 8, though deliveries aren’t expected to begin until early autumn 2019.

(more…)

Trade Talks With China Vital to U.S. Companies

Two sides appeared to be making progress before talks ended.

by on May.07, 2019

With the stoppage of trade talks between the U.S. and China, this picture's going to be less frequent in the short term.

Trade talks between the U.S. and China seem to have hit another pothole despite hopes for a broad agreement that could satisfy both sides. Car makers worldwide have been hoping for a new deal during the past several months.

Michael Dunne, president of ZoZoGo LLC, an advisory firm specializing in China’s electric and autonomous tech market and long-time student of Chinee industry, said tension are inevitable given the stakes and do leave Detroit’s automakers vulnerable.

Global News!

“The Chinese are really tough negotiators,” noted Michael Dunne said during an appearance at the Automotive Press Association. (more…)

Product Launches Hammer FCA’s Q1 Earnings

But Ram pickup sales provide a cushion.

by on May.03, 2019

CEO Mike Manley needs to prove he can maintain the pace set by his former boss, Sergio Marchionne.

Fiat Chrysler Automobiles reported profits dropped 41% in the first quarter as a slump in sales in key markets cut the company’s revenues by 5 percent.

The automaker attributed the decline to the normal production challenges related to an array of new product launches in North America, as well as pricing pressure in China and South America.

Financial News!

FCA CEO Mike Manley, however, reaffirmed the company’s guidance for the full year. “We expect earnings to grow in the following quarters,” he said as FCA completes the launch of the new Jeep Gladiator and the Ram Heavy Duty pickup truck.

(more…)

You Probably Won’t Be Able to Pronounce Its Name, But Zotye is Betting You’ll Want to Buy One of its SUVs

Stealing a page from the Koreans – and undercutting them, in the process.

by on May.03, 2019

The Zotye T600 shown making its debut at Auto Shanghai last month.

At 69, Duke Hale has been selling cars, either at a dealership or working for an automaker, for 50 years, but he’s betting he can become a sort of automotive Pied Piper to Millennials and Gen-Z.

He and a team of aging Baby Boom industry veterans are getting ready to start selling what may become the first cars imported from a local Chinese carmaker. It’s no easy task, his California-based start-up, known as HAAH, is still pitching its idea to the dealers who will have to bet on a brand that’s not only unknown to American car buyers but which is saddled with the ungainly name, Zotye.

Beyond the Headlines!

Of course, it wouldn’t be the first time U.S. motorists were won over by a brand whose name they’ve had to struggle with. Think Hyundai, which Americanized its name to “Hun-day.” The Chinese brand, pronounced “Zoh-tee,” hopes it can lift some other pages from the Korean carmaker’s playbook, starting with a price low enough to make it an appealing alternative to a used vehicle.

(more…)

トピックの詳細

www.steroid.in.ua/products/boldenon-bajer-shering

www.steroid.in.ua