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Tag Archives: nafta
Two-Faced UAW Endorsement of Trump’s Tariff Wars
Late yesterday the UAW issued a complicated and nuanced endorsement of king Donald Trump’s imposition of tariffs on the auto industry. The 25% tariff covers cars and car parts or components imported into the United States. They are planned to take effect on 3 April, Trump decreed yesterday. Simply put roughly half of all vehicles sold in the United States are imported. Furthermore, ~60% of the parts used to assemble vehicles in the country are imported. Continue reading
Posted in auto news, economy, labor issues, manufacturing, news analysis, Trump Truth Tests
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Ken Zino, Mexican autoworkers, nafta, Shawn fain, Tarriff wars, trade agreements and economic policies, uaw, US-Mexico-Canada Agreement, USMCA, X @KenAutoinformed
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BMW Group Opens Plant in San Luis Potosi, Mexico
Well starting four days from now prices will likely include a 5% tariff decreed by President Trump that increases by 5% each month until it stops – so far – at 25%. Every BMW Group vehicle today already contains at least one part from one of our 220 Mexican suppliers. Continue reading
Posted in economy, manufacturing, people
Tagged auto industry commentary, autoinformed.com, automotive blog, bmw group, Ken Zino, mexico, nafta, Trump tariffs and taxes
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Unifor Boycott Threatens Damage for Ontario Workers GM Says
“GM is arrogant enough to think it can rob Canada of jobs without repercussions,” said Unifor National President Jerry Dias, who resisted the boycott at first. “GM is making a choice to increase manufacturing in Mexico while it abandons communities that have supported it for generations but make no mistake Canadian and American consumers also have a choice,” he concluded. Continue reading
Posted in customer satisfaction, economy, labor issues, milestones, news, news analysis, people
Tagged auto industry commentary, autoinformed, autoinformed.com, automotive blog, Canadian Boycott of GM products., connected vehicles, GM Boycott, Ken Zino, nafta, new vehicle reviews, trade wars, uaw, unifor
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Variables Abound – Meet the New NAFTA
AutoInformed agrees that the text offers greater certainty about the future of North American automotive production, trade, and investments, the USMCA still must be signed, ratified, and the enabling legislation must be passed in each of the three countries before the agreement can go into effect on the target date of 1 January 2020. It’s by no means a sure bet. Continue reading
Canada Frozen Out of United States-Mexico Trade Agreement
According to the Center for Automotive Research’s (CAR’s) latest trade briefing, applying a Trump’s 25% tariff on all automobile and parts imports would result in 2 million fewer U.S. vehicle sales, 715,000 fewer U.S. jobs and nearly $60 billion in lower U.S. economic output. The policy would increase the price of the average vehicle sold in the United States an average of $4,400 (including both domestic and imported products). Continue reading
Auto Workers Oppose Trump Tariffs that Would Destroy Jobs
The United States directly benefits from GM’s ability to maintain a competitive edge and maximize the effectiveness of our operations on a global scale. The majority of the profits we earn from our global production and sales come back to the United States to support jobs, investments in our plants, and advanced R&D. Continue reading
Posted in economy, financial results, manufacturing, news analysis, prices
Tagged autoinformed, autoinformed.com, Automotive Commentary, Ken Zino, Korus, nafta, Web commentary
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US Car Sales Plummet in February. Trucks Gain Again
The smoking tire and news wheel spin of the month – given Trump’s ongoing trade tirades amidst a complete collapse of White House staff support and an ongoing exodus – came from the American International Automobile Dealers Association Continue reading
Offshore Brand US Auto Sales Rose During a So-So October
Even though Trump hasn’t implemented his promised offshore tax on imports or took on China for its currency manipulation and trade practices, international brands once again controlled the U.S. auto market during September by selling 748,614 vehicles, commanding 55.3% of … Continue reading
GM CAMI Workers on Strike in Canada, NAFTA at Root
“NAFTA is a non-starter without trilateral commitment and compliance to higher labor standards,” said Unifor National President Jerry Dias. “Today we clearly stated our concerns to both countries and stressed the needs of all working people.” Continue reading
Posted in labor issues, manufacturing, people
Tagged autoinformed.com, gm canada, Ken Zino, nafta, tpp, trans pacific partnership, unifor
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Toyota R&D Centers Expand in Michigan
Clearly in the gun sights of nit-twit Trump, Toyota claims to have contributed to the design, engineering, and assembly of more than 33 million cars and trucks in North America. It currently runs 14 manufacturing plants – 10 in the U.S., but with Mexico and Canada left out of the exact count. Continue reading
What Auto Companies are at Risk Under Trump?
The U.S. accounts for two thirds of North American vehicle production, but there are significant investment plans and decisions in place at major auto makers to re-source capacity from Asia and Europe to Mexico, according to consultancy LMC. These are now under a Trump assault but are nonetheless expected to bring Mexican auto production from 19% of NAFTA today to 26% in 2020, no matter how bellicose Trump is. Continue reading
Posted in auto news
Tagged autoinformed, autoinformed.com, Ken Zino, lmc, Mexican auto production, nafta, oxford economics
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General Motors Announces ~7000 US Manufacturing Jobs
GM also said it will begin work on in-sourcing axle production for its next generation full-size pickup trucks, including work previously done in Mexico, to operations in Michigan, creating 450 U.S. jobs. Continue reading
Trump Triumphs? Ford Cancels Mexico Plant
This appears to be a partial victory for the twit tweets of Donald Trump that are centered around U.S. jobs. About 700 jobs will eventually be created. However, Ford will build its next-generation Focus at an existing plant in Hermosillo, Mexico “to improve company profitability.” Continue reading
Posted in labor issues, manufacturing, news analysis
Tagged autoinformed, autoinformed.com, Donald Trump on Jobs, flat rock, Hermosillo, Ken Zino, mexico, nafta, san luis potosi
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Un-Sweet Tweet – Trump Outburst Against Chevrolet Cruze
Incoming U.S. President Donald Trump today raged against General Motors, threatening to impose a “big border tax” for making some Chevrolet Cruze cars in Mexico. Continue reading
Posted in economy, labor issues, news analysis
Tagged autoinformed, autoinformed.com, chevrolet cruze, Ken Zino, Mexican auto production, nafta, Trump on jobs
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“Disasters” – UAW on NAFTA, U.S.-Mexico-Canada Agreements
“There is no way back to the American Dream without undoing the damage of NAFTA and its successor, the USMCA,” said UAW President Shawn Fain. “There is no future for the U.S. working class that doesn’t address the free trade disaster. Progressives and working-class allies need to understand that trade is at the heart of the rise of global authoritarianism, wealth inequality, and the political weakness of the working class.”
“The moral vision of a society where working-class people reclaim their dignity relies on reining in the rising billionaire dictatorship,” Fain said. “NAFTA and similar trade agreements are the social contract as written by multinational corporations. It’s time we rip it up and start over and take back the American Dream.” Continue reading →