News about China and cars isn't in short supply these days. With several of the world's largest cities, millions of cars on the road and huge problems with air pollution, it's no wonder that the nation is trying to make some changes. Along with decommissioning many of its aging vehicles, China is also expected to see huge growth in its electric vehicle market. BMW, as other automakers already have done, sees this as an opportunity to sell more cars.
Over the last decade or so, many foreign automakers have challenged the idea of what defines an "American car," but Honda took things a step further last year by exporting more cars out of the US than it imported in. Reuters is reporting that in 2013, a total of 108,705 Honda and Acura models were exported from the US with only 88,357 being shipped in. This gives Honda a net exporter status here, and makes it the first of such among the major Japanese automakers.
Trade issues between the United States and Japan, especially in the automotive sector, have struck a repetitive note for decades: our market is open to them, their market is effectively closed to us. Even though Japan doesn't apply tariffs to cars we export there – whereas we tax Japanese passenger cars 2.5 percent and Japanese light trucks 25 percent – other barriers like Japan's 2,000-unit cap in the Preferential Handling Program and regulatory hurdles have limited the amount of ef
France has been vocal, but not alone, in noting the rise of the South Korean automakers in Europe. The signing of a free-trade pact in 2011 between South Korea and the EU, along with the especially value-conscious buyers in a crisis-stricken Europe, has seen market share increases measuring in the double digits for Hyundai and Kia – analysts expect 14-percent growth for the two in 2012.
For years Detroit automakers carped about the low value of the Japanese yen versus the U.S. dollar, but these days, the opposite is true. The yen has rocketed up in value versus the dollar, and Japan's automakers are taking significant measures to mitigate its bottom-line-killing effects. In October Toyota demanded lower prices from its Japanese supply base, and now the Camry will be built in the U.S. and shipped overseas.
The powers-that-be in the States are working on getting the go-ahead for a free trade agreement, like NAFTA, but this time with South Korea. The agreement itself was signed and sealed in 2007, but it hasn't actually gone into effect yet because Congress won't approve it, and that's because of two hangups, one being emissions regulations that the U.S. maintains is a non-tariff barrier to selling cars in in South Korea.
Ford is launching the Taurus in South Korea at the end of the month where it's expected to compete with locally manufactured sedans like Kia's Opirus, which we know in the U.S. as the Amanti. Korean versions of the Taurus will get the same 263-hp 3.6L V6 and six-speed auto as U.S. spec cars, putting it in good steed against the local competition. Ford officials are well aware of the Blue Oval's budget image, even overseas in places like Korea, and have no ambitions of targeting brands like Lexus
As Autoblog Green has previously reported, U.S. tariffs on sugar has effectively barred Brazil and other nations with their less expensive and more efficient sugar-based ethanol from competing in the U.S., giving American corn and soy growers the lion's share of the market. But according to the Council on Hemispheric Affairs, the rising demand for corn in the U.S. may prove ultimately beneficial to Mexico, Central, and South American nations in the long run. The increased demand for corn to crea
It's summertime, and that means swimming, road trips and union labor strikes that disrupt the flow of exports out of South Korea. The recent strikes at auto assembly plants in South Korea have caused Hyundai to suspend vehicle exports for the time being. No worries, though. Hyundai has built up a three-month stock of vehicles Hyundais and Kias already shipped overseas. That doesn't mean the strikes aren't taking their toll, though. So far, The Detroit News reports the strikes have cost Hyundai 7
George Soros is said to be looking at investing $200M into Chinese automaker Chery to help its efforts in exporting low-cost vehicles to the United States. How this dovetails into Malcolm Bricklin's efforts to do the same with his Visionary Vehicles company is not yet clear; Bricklin is said to have confirmed the amount of the pending investment, but won't state the source of the money. Soros' fortune, earned mostly by currency speculation, is estimated at $7B, but we're not