For an automaker to manufacture locally, two elements need to be in effect: for one, the market needs to be large enough to justify it, and for another, importing has to be too expensive to make it worthwhile. Many automakers have found both those elements in place in Russia, but may not for very much longer. According to Ward's, changing conditions in Russia could spell the end of local production in the world's largest country. O
Local manufacturing has become the watchword (or words) when it comes to foreign automakers entering the Chinese market, and for a number of reasons. For one, the market is plenty large enough to make sense out of manufacturing locally instead of importing from overseas. For another, joint ventures with local automakers have been encouraged by the still tightly regulated economy. And now there's another reason: imported vehicles are about to
Make them exempt from import and excise duties and "robust growth" will follow. That's Malaysia's hybrid and plug-in vehicle scheme. From now through December of 2013, all hybrid and plug-in vehicles sold in Malaysia will be completely exempt from import and export duties.
The Malaysian government has decided to end its protection of Malaysia's Proton Motors. In addition to the import duties and taxes levied against foreign carmakers, Proton was also the recipient of tax breaks and "other government incentives."
Ron Gettelfinger, who was reelected to no one's surprise as president of the United Auto Workers (UAW) last month, will also be joining the DaimlerChrysler supervisory board as well. Gettelfinger is replacing UAW Vice President Nate Gooden who is stepping down from the board.