Autoblog http://www.autoblog.com Autoblog http://www.blogsmithmedia.com/www.autoblog.com/media/feedlogo.gif Autoblog http://www.autoblog.com en-us Copyright 2013 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Automakers lining up to support US-EU trade pact]]>http://www.autoblog.com/2013/05/23/automakers-lining-up-to-support-us-eu-trade-pact/http://www.autoblog.com/2013/05/23/automakers-lining-up-to-support-us-eu-trade-pact/http://www.autoblog.com/2013/05/23/automakers-lining-up-to-support-us-eu-trade-pact/#commentsFiled under: , ,

European cars at shipping port

The Detroit News reports automakers are coming out in support of proposed free trade legislation between the US and the European Union. The Association of Global Automakers, representing major Asian manufacturers, says the Transatlantic Trade and Investment Partnership will promote economic growth, increase jobs and make US and EU companies more competitive on the global market. The legislation will also open the door for EU and US regulators to agree on one standard for emissions, crash protection, child restraints, fuel systems and tire pressure monitors. If that happens, automakers could save millions of dollars by being able to build and sell one car for both markets.

Jaguar-Land Rover North America also stands behind that move, but would also like to see the US completely eliminate its current 2.5 percent tax on imported cars. The company isn't alone. Ferrari has also spoken up in favor of eliminating the tariff, and the Alliance of Automobile Manufacturers, comprised of Ford, General Motors, Chrysler, Volkswagen, Toyota and Daimler among others, also supports harmonizing regulations between both markets.

All told, the EU and the US make up 32 percent of global vehicle production and 35 percent of the total buyer market. The Detroit News reports the US exported some $8 billion in cars to Europe last year and another $5 billion in parts.

Automakers lining up to support US-EU trade pact originally appeared on Autoblog on Thu, 23 May 2013 11:01:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>eueuropean unionfree tradetariffstradetransatlantic trade and investment partnershipThu, 23 May 2013 11:01:00 EST http://www.autoblog.com/feed/20580062/article-comments.xml http://www.autoblog.com/feed/2013/05/23/automakers-lining-up-to-support-us-eu-trade-pact/20580062/article-detail.xml 20580062 http://www.blogcdn.com/www.autoblog.com/media/2013/05/european-cars-at-shipping-port_thumbnail.jpg http://www.blogcdn.com/www.autoblog.com/media/2013/05/european-cars-at-shipping-port.jpg <![CDATA[Goes Both Ways: Free-trade pact sees South Korean brands losing share at home]]>http://www.autoblog.com/2012/12/29/goes-both-ways-free-trade-pact-sees-south-korean-brands-losing/http://www.autoblog.com/2012/12/29/goes-both-ways-free-trade-pact-sees-south-korean-brands-losing/http://www.autoblog.com/2012/12/29/goes-both-ways-free-trade-pact-sees-south-korean-brands-losing/#commentsFiled under: , , , ,

Hyundai badge

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.

A report in Bloomberg has found that there's pain at the other end, too: The pact more than halved import tariffs on European cars headed to South Korea to 3.2 percent, and prices are now close enough to domestic offerings for more South Koreans to pay the premium for foreign luxury nameplates and the cachet they confer. Products sold by the five domestic automakers hogged 92 percent of the market last year, and sales have dropped 5.2 percent this year whereas import sales have risen by 24 percent. This will mark the first year that imports claimed ten percent of the market; compare that to 2002, when domestic market share in the world's 11th largest auto market was 99 percent.

The Germans are at the head of the arrow, counting for 65 percent of imported car sales, but every foreign maker has seen double-digit gains. Analysts think foreign makes could ultimately grab 15 percent of the market.

The US signed a free-trade agreement with South Korea last year after years of back-and-forth negotiations. The import tariff on US cars was halved to four percent, and by 2016 there won't be any tariff at all. The hope is that the deal will quickly mean the US will be able to export and sell more than a miniscule fraction of cars to the Asian nation's buyers; the US Internal Trade Commission predicts a 54-percent climb in exports to the country is possible. A side beneficiary of the deal is the Japanese makers: With no free-trade deal between their home country and South Korea, manufacturers like Toyota and Honda are now looking forward to sending more of their American-made product to the peninsula.

Goes Both Ways: Free-trade pact sees South Korean brands losing share at home originally appeared on Autoblog on Sat, 29 Dec 2012 11:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>exportsfree tradeFree Trade Agreementhyundaiimportskiasouth koreatarifftradeSat, 29 Dec 2012 11:00:00 EST http://www.autoblog.com/feed/20410403/article-comments.xml http://www.autoblog.com/feed/2012/12/29/goes-both-ways-free-trade-pact-sees-south-korean-brands-losing/20410403/article-detail.xml 20410403 http://www.blogcdn.com/www.autoblog.com/media/2012/12/hyundai-badge_thumbnail.jpg http://www.blogcdn.com/www.autoblog.com/media/2012/12/hyundai-badge.jpg <![CDATA[Is China playing around with trade rules to maintain an advantage?]]>http://www.autoblog.com/2006/06/01/is-china-playing-around-with-trade-rules-to-maintain-an-advantag/http://www.autoblog.com/2006/06/01/is-china-playing-around-with-trade-rules-to-maintain-an-advantag/http://www.autoblog.com/2006/06/01/is-china-playing-around-with-trade-rules-to-maintain-an-advantag/#commentsFiled under: ,

Officials from the US and European Union have been prompted to file a complaint against China with the World Trade Organization (WTO), alleging that the up-and-coming Asian country has been manipulating taxes and tariffs on imported auto parts in an attempt to provide protection for domestic Chinese auto manufacturers.

China was to ramp down its protectionist efforts on auto parts as a condition of joining the WTO, and for the most part, tariffs and taxes on vehicles and auto parts have steadily dropped over the last four years. Tariffs on imported vehicles remain higher than those on components, however, which leads companies such as Cadillac to import "knock-down" kits of components that are then assembled into complete vehicles on the mainland. China claims that such actions are merely efforts to get around the higher tariffs on complete vehicles (well, duh), and is now looking to tax such component kits at the same rate as completed vehicles.

How this whole story will play out - and what effect it will have on foreign companies who do business in China - is yet unknown, but it seems clear that we'll have several years before anything resembling "free" or "fair" trade takes place between China and the West.

[Source: Detroit News]

Is China playing around with trade rules to maintain an advantage? originally appeared on Autoblog on Thu, 01 Jun 2006 13:33:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>cadillacChinachinesefair tradefree tradeimportstariffsThu, 01 Jun 2006 13:33:00 EST http://www.autoblog.com/feed/623912/article-comments.xml http://www.autoblog.com/feed/2006/06/01/is-china-playing-around-with-trade-rules-to-maintain-an-advantag/623912/article-detail.xml 623912 http://www.autoblog.com/media/2006/06/Cadillac-China-(resized-250)_thumbnail.jpg http://www.autoblog.com/media/2006/06/Cadillac-China-(resized-250).JPG <![CDATA[New free trade agreement expected to clear way for Proton, Perodua in U.S.]]>http://www.autoblog.com/2006/03/19/new-free-trade-agreement-expected-to-clear-way-for-proton-perod/http://www.autoblog.com/2006/03/19/new-free-trade-agreement-expected-to-clear-way-for-proton-perod/http://www.autoblog.com/2006/03/19/new-free-trade-agreement-expected-to-clear-way-for-proton-perod/#commentsFiled under: , ,

With American buyers just beginning to wrap their heads around inexpensive Chinese cars coming to market, a new free trade agreement between Malaysia and the U.S. promises to add a few unfamiliar names to the likes of 'Geely' and 'Brilliance.' The pending FTA (expected to be approved next year) could double two-way trade between the U.S. and Malaysia by 2010, paving the way for auto companies like Perodua and Proton to find access to U.S. roads.

The agreement should likewise engender access to Malaysia's marketplace for America's domestic automakers.

(Pictured: 2006 Perodua Kenari)

[Source: The Associated Press via Forbes]

New free trade agreement expected to clear way for Proton, Perodua in U.S. originally appeared on Autoblog on Sun, 19 Mar 2006 12:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>BrillianceFree TradeFreeTradeGeelyMalaysiaPeroduaProtontrade agreementTradeAgreementSun, 19 Mar 2006 12:00:00 EST http://www.autoblog.com/feed/600635/article-comments.xml http://www.autoblog.com/feed/2006/03/19/new-free-trade-agreement-expected-to-clear-way-for-proton-perod/600635/article-detail.xml 600635 http://www.autoblog.com/media/2006/03/Perodua_Kenari_silver_thumbnail.jpg http://www.autoblog.com/media/2006/03/Perodua_Kenari_silver.jpg -1 2