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AMLO’s designated NAFTA negotiator expects a deal in next ‘couple of months’
Jesus Seade, a former top official at the World Trade Organization that has been tapped by President elect Andres Manuel Lopez Obrador (AMLO) said that a deal for a revamped NAFTA can be reached within a couple of months, as AMLO’s team fundamentally agrees with Mexico’s current negotiating posi...
GM warns tariffs would lead to less US jobs, investments
On Friday, General Motors warned that U.S. tariffs on imported vehicles could lead to "a smaller GM" with fewer jobs at home, jeopardizing its ability to invest in technologies such as autonomous and electric vehicles, while isolating U.S. businesses from the global market. Last May, the Trump admi...
Foreign investment in the automotive sector sinks 67% during the first quarter
The uncertainty created by the renegotiation of NAFTA and the elections in Mexico caused a reduction in the Foreign Direct Investment (FDI) for the automotive industry to its lowest in the last 12 years. During the first quarter of 2018, US$ 639.2 million went into this sector, which meant a 67% dr...
Global automakers push back against tariffs plan by the Trump administration
Two major groups that represent global automakers in the U.S. warned the Trump administration that tariffs on imported vehicles represented a serious threat to the automotive industry, putting at risk hundreds of thousands of jobs and billions of dollars in future investments. The U.S. government i...
Trump sees progress on NAFTA, then threatens a 20% tariff on cars from Europe
Another week went by and another round of threats were fired by President Donald Trump concerning trade and the automotive industry.  First, Trump said on Tuesday that progress was being made in slow-moving talks to update NAFTA, but he held out the prospect of striking bilateral pacts if a three-...

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