All Trade articles
-
ArticleExports prop up UK car production despite trade uncertainty
The number of cars made in the UK fell by 5.5% to 128,799 last month, with domestic demand plummeting by 47.2% to 15,647, according to figures from the Society for Motor Manufacturers and Traders (SMMT). However, production was bolstered by a 6% rise in exports to 113,152 units, with almost ...
-
ArticleVehicle makers grapple with cost of trade wars
Carmakers are faced with shifting production, higher purchase costs, lower profits and the possibility of raising the price of their products as a consequence of the continuing global trade conflict.Volvo Cars of Sweden is shifting production of its XC60 SUV for the US market from China to Europe to avoid ...
-
ArticleHigher tariffs to hit Daimler’s earnings
Increased Chinese import duties on US-made cars and other setbacks have forced Daimler to lower earnings expectations for this year, despite record sales.“The decisive factor is that at Mercedes-Benz Cars fewer-than-expected SUV sales and higher-than-expected costs – not completely passed on to the customers – must be assumed because of ...
-
ArticleSettling into steady growth
China has the biggest car market in the world and is expected to make 25.3m vehicles this year. The city of Chengdu has 4.5m of them driving around it, making it the second largest in China for vehicle numbers behind Beijing – and it was to Chengdu that delegates headed ...
-
ArticleFVL conference: OEMs with US capacity and flexibility best placed ahead of any Nafta changes
Carmakers with excess US capacity, or those that haven't yet put significant investments into Mexico are best placed ahead of negotiations between the trading partners in the North American Free Trade Agreement (Nafta).This is according to Brandon Mason, global automotive director at PwC, who highlighted a $60 billion trade imbalance ...
-
ArticleWTO's trade facilitation agreement comes into force
A World Trade Organization (WTO) agreement supporting simpler and clearer procedures when it comes to imports and exports of goods came into force this week after the requisite amount of member countries agreed to implement it.Spread out over 12 articles, the Trade Facilitation Agreement (TFA) prescribes many measures to improve ...
-
ArticleMexico conference report: Seeking to build bridges, not walls
Mexico’s automotive industry is inextricably linked with its neighbours to the north but under its new president the US is talking about renegotiating NAFTA and applying border taxes to imports. At this year’s Automotive Logistics Mexico conference, held in Mexico City, industry and government heads looked for positive signs ...
-
ArticleChanging trade agreements in the spotlight after US election
A week after Donald Trump’s surprise victory in the US presidential election, automotive manufacturers and experts are still piecing together what his new administration could mean for vehicle production, trade and investment across North America and beyond.Global trade deals with the US seem likely to fall back in priority or ...
-
ArticleConcerns over global trade as Trump secures US election victory
Donald Trump’s surprise victory over Hillary Clinton in the November 8th US election has created serious concerns over the future of the country’s major trade agreement with its neighbours, which has become such an important part of many carmakers’ and tier suppliers’ automotive supply chains.Markets and currencies including the Mexican ...
-
ArticleLast Mile: Another brick in the wall?
We should celebrate the breaking down of barriers in trade and business, not encourage their construction through stubborn rhetoric and isolationist policy.We may be re-entering an age of wall-building, whether towering in barbed-wire reality, or constructed by barricading political language. Often, such physical and rhetorical enclosures go together, cemented by ...