Coverage tagged Tariffs.
Ford, Vauxhall, Nissan and Peugeot have raised UK car prices by up to two percent as the pound’s post-Brexit slump increases costs for manufacturers.
Hyundai is considering local Genesis manufacturing in China to avoid tariffs and compete with established luxury brands on price.
Angela Merkel’s government plans legislation to introduce an annual Autobahn toll for foreign-registered passenger cars, responding to pressure from coalition partners.
With Honda and Mazda opening new plants and major investment from Volkswagen to Chrysler, Mexico’s car output is set to approach 4.5 million units by 2020.
US President Barack Obama urged Japan to ease restrictions on American automakers as a condition for joining the Trans-Pacific Partnership during talks with Prime Minister Shinzo Abe in February 2013.
Chevrolet’s Corvette Coupe becomes the first US-made model sold by GM Korea, following a tariff cut under the US-South Korea Free Trade Agreement.
Audi is close to selecting Mexico as the site for its next North American factory, with the new plant expected to assemble the next-generation Q5 SUV.
Chinese carmakers exported 814,300 vehicles in 2011, with Chery, Great Wall and JAC driving growth by finding sales beyond traditional Middle Eastern markets.
Chinese automaker Great Wall Motor and Bulgaria’s Litex Motor have signed a $6 million agreement to build a 50,000-unit assembly plant in Lovech, aiming for EU market access.