GM Oshawa 2.0 marks a first for the automaker
John Irwin, Automotive News Canada May 27, 2019 TORONTO — General Motors’ $170-million plan to turn its Oshawa, Ont., assembly plant into a parts operation signals a new business model for the automaker and gives the factory a renewed lease on life. “Getting that kind of money is more than a stay of execution and […]
Diversification key to suppliers surviving GM Oshawa closure
John Irwin, Automotive News Canada May 06, 2019 TORONTO — The announcement to close GM’s Oshawa Assembly came overnight, but many of Canada’s auto parts suppliers saw the writing on the wall years ago and have since been finding other sources of revenue. According to industry experts, those efforts will mitigate the impact of the […]
Enormous economic harm’: Auto tariffs would add to pain of other trade measures, report says
Center for Automotive Research study details ‘profoundly negative’ price hikes, job losses — 90% attributable to tariffs Naomi Powell, Financial Post February 15, 2019 U.S. tariffs on auto imports would compound the pain of other recent trade measures, with the impact spilling across borders, even if Canada, Mexico and South Korea are exempted […]
Auto industry relieved by NAFTA 2.0, but results may be mixed
Regional content rules make supply chains less efficient, hiking prices and threatening sales Janyce McGregor CBC News Sighs of relief rippled across the North American car industry on Monday. There would be no “Carmageddon” caused by auto tariffs torpedoing cross-border trade, now that NAFTA 2.0 had found a safe landing zone. U.S. President Donald Trump had […]
Sticker shock: Trump’s new trade deal could bring higher car prices
MEGAN CASSELLA and ADAM BEHSUDI President Donald Trump’s new North American trade deal could lead to some increased investment in the U.S., as he promised — but it will come at a price to consumers. The newly struck three-way agreement includes numerous strict new rules requiring auto manufacturers to source a significant portion of their […]
New Trade Pact Spares U.S. Auto Makers From Tariffs but Adds Restrictions
The U.S.-Mexico-Canada Agreement eases uncertainty about the Trump administration’s trade policies, helping auto makers move forward with factory investments Chester Dawson and Adrienne Roberts The Wall Street Journal DETROIT—The new trade agreement struck Sunday night between the U.S. and Canada eases uncertainty in the U.S. auto industry about the Trump administration’s trade policy, helping car […]
