Category Archives: economy

Ford and Austin Launch Mobility Challenge Program

The goal is to help improve the quality of life for Austin residents and visitors through dynamic mobility options that complement the existing transportation system. Continue reading

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Trade Wars: Commerce Finds Dumping, Countervailable Subsidies of Chinese and Thailand Propane Cylinders

During 2017, imports of steel propane cylinders from China and Thailand were valued at an estimated $89.8 million and $14.1 million, respectively. In addition, Commerce found that exporters from China received countervailable subsidies at rates from 37.91 to 142.37%. Continue reading

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Trump Mexican Tariffs – Negative on Prices, Economy and Jobs

The Center for Automotive Research, where I am a vice president, estimates that a 5% tariff rate would increase the price of an average new vehicle built in the United States by at least $250. At a 25% tariff rate, U.S.-built vehicle prices would rise at least $1,100. Vehicles imported from Mexico would see sharper price increases — at least $1,100 at 5% tariff rate and at least $5,400 if the tariffs were ratcheted up to 25% by this fall. Overall, the tariffs would reduce U.S. gross domestic product by at least $7 billion to $34 billion annually and cause the loss of 82,000 to 390,000 U.S. jobs.   Continue reading

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BMW Group Opens Plant in San Luis Potosi, Mexico

Well starting four days from now prices will likely include a 5% tariff decreed by President Trump that increases by 5% each month until it stops – so far – at 25%. Every BMW Group vehicle today already contains at least one part from one of our 220 Mexican suppliers.   Continue reading

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Trump Tariffs on Mexico – Job Destroying Taxes on Workers

Ultimately, prices on models imported from Mexico could increase by $8500. Factoring in parts for assembly in the US, the average price of all vehicles sold in the US could rise by as much as $2,500-3,000. the substantial increase could lower sales by 500,000-1.5 million units annually. Continue reading

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Renault’s Board of Directors Continue FCA Merger Study

The proposed combination would create a global automaker, pre-eminent in terms of revenue, volumes, profitability and technology, benefiting the companies’ respective shareholders and stakeholders, according to FCA. Continue reading

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Renault’s Board of Directors to Study with FCA the Merger

“After careful review of the terms of FCA’s friendly proposal, the Board of Directors decided to study with interest the opportunity of such a business combination, comforting Groupe Renault’s manufacturing footprint and creating additional value for the Alliance,” Renault said in a carefully worded statement. Continue reading

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ASEAN Light Vehicle Sales Up Slightly

The Indonesian LV market closed the quarter with 233,000 units sold, marking a sharp 13% drop from Q1 2018, with almost every automaker declining. The best performance was recorded by Isuzu (+776 units), led by the new TRAGA Truck, which launched in Q2 last year. Continue reading

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CARB – Cleaner Fuels Replace 3 Billion Gallons of Dirty Diesel

“Renewable and bio-diesel, renewable natural gas, ethanol, and electricity are all seeing growth under the LCFS,” said CARB Executive officer Richard W. Corey. “These are key reasons why other states and nations are establishing similar programs.” Continue reading

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Korean Metalworkers Fight Hyundai and Daiwoo Merger

IndustriALL Global Union affiliate the Korean Metal Workers’ Union (KMWU) and civil society groups have joined forces to oppose the merger of Hyundai Heavy Industries with Daewoo Shipbuilding and Marine Engineering. Continue reading

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Commerce Identifies Entities of National Security Concern

This list contains the names of foreign parties that are subject to specific license requirements for the export, reexport, and/or in-country transfer of controlled items, ensuring that sensitive technologies do not fall into the hands of those who would threaten U.S. national security or American citizens. Continue reading

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US Economy Showing Some Growth in Q1

Government spending and tax policies – particularly at the state and local level – added three-fourths of a percentage point to growth in inflation-adjusted gross domestic product (GDP) in the first quarter of 2019, according to the latest reading. Continue reading

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Global Light Vehicle Sales Drop -5% in March

The slight nudge up came from an easing in YoY losses in China, and an  improved selling rate in the USA. Consultancy LMC notes that Western Europe had a “disappointing month, while the Japanese, Korean and South American markets all continued to struggle in YoY terms.” Continue reading

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EU Antitrust Allegations to Hurt BMW Earnings – €1 Billion!

The BMW Group provision will likely exceed €1 billion. The EBIT margin in the BMW Automotive Segment for the current financial year is expected to be 1-1.5 percentage points below the previous target range of 6-8%. Continue reading

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If Trump Closes the Mexican Border, the Entire U.S. Auto Industry Shuts Down in Days

There are few vehicles assembled in the United States that do not rely on Mexico for at least some parts content. Vehicle assembly is the quintessential “complete set” — an assembly plant cannot build a partial vehicle. Even if a few relatively minor parts are missing, automakers do not make a practice of storing the vehicles and then repairing them when the parts are ready. This repair work alone creates the potential for quality issues. Since it is impossible to do a partial build, the assembly plant and many of its associated supplier plants will be idle until the automaker can obtain sufficient stock to relaunch production. Continue reading

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