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Archive for the ‘Trade’ Category

GMC Adding “Black” Models to 2019 Offerings

Diversity within brand keeps GMC ahead of competition.

by on Mar.27, 2018

GMC is expanding offerings for its premium SUV lineup with the 2019 Acadia (left) and Terrain Black Editions.

GMC has already made its collection of Denali vehicles one of the most successful sub-brands in the industry.

Now GMC plans to add some new wrinkles by adding two new “Black Editions” that build on the success of the Denali with some additional features to its premium line-up.

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The Black Editions of the Terrain and the Acadia for 2019 expound on the bold road presence that defines both SUVs with muscular, sculpted exteriors. (more…)

Ford and Mahindra Teaming Up on New SUVs and an EV

Partnership focuses on India but could target “other markets.”

by on Mar.23, 2018

Even as Ford and Mahindra lay out plans for the Indian market, Mahindra is ramping up U.S. production of its Roxor SUV.

After agreeing to form a strategic alliance last year, Ford and India’s Mahindra & Mahindra now plan to jointly develop at least two new sport-utility vehicles, as well as an electric vehicle.

The two manufacturers say they will initially target the fast-growing Indian market where Ford has been trying to expand its presence. But they eventually may look at opportunities in “other markets,” according to a source in the U.S.

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“Today’s announcement is the next step in the collaboration between Mahindra and Ford,” said Pawan Goenka, Managing Director, Mahindra and Mahindra Ltd. “Both teams are working together on joint development areas in keeping with industry requirements and leveraging mutual strengths. We are excited about the synergies unveiled through this collaboration and the potential opportunities it will bring.”

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Trump Administration Backs Off 50% Content Demand in NAFTA

Move puts negotiations back on track.

by on Mar.21, 2018

U.S. Trade Representative Robert Lighthizer reportedly took the 50% U.S. content demand off the table last week.

It appears that negotiations for the North American Free Trade Agreement are back on track after the Trump Administration relented on its demand that vehicles built in Canada and Mexico and exported to the U.S. must contain 50% U.S. content.

The demand, which Trump Administration officials were told by automakers would be impossible to implement, essentially brought the talks about revising the decades old trade deal between Canada, Mexico and the U.S. to a halt.

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The Trump Administration had been seeking to raise the amount of NAFTA content in autos to 85% from 62.5% and secure 50% of the total for the United States. (more…)

Tesla’s Musk Wants Trump to Expand Trade War

"It's like competing in an Olympic race wearing lead shoes."

by on Mar.09, 2018

Elon Musk, was on Trump's economic advisory council until it disbanded over immigration policies.

In a rare show of pique aimed at President Donald Trump, automakers, suppliers and industry trade groups have all but unanimously voiced their disappointment over new steel and aluminum import tariffs.

The one notable exception has been Tesla CEO and founder Elon Musk who, despite claiming to be generally opposed to import tariffs, appears to be backing the White House. If anything, the tweet-happy executive is spurring Trump to take even broader action, specifically targeting China over the way it handles foreign-made cars, as well as foreign automakers who want to set up manufacturing operations in that country.

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“I am against import duties in general, but the current rules make things very difficult,” Musk said in a tweet. “It’s like competing in an Olympic race wearing lead shoes.”

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