Mexico-U.S. Deal Includes Mexican Auto Export Cap
A proposed U.S.-Mexico trade deal would allow President Donald Trump to slap punitive tariffs of up to 25 percent on imports of Mexican-made cars, sport utility vehicles and auto parts above certain volumes, auto executives and sources said on Tuesday. The United States and Mexico agreed on Monday to overhaul the North American Free Trade Agreement (NAFTA), pressuring Canada to sign up to new auto trade and dispute settlement rules to remain part of the three-way pact.
Ford Forms New Group to Develop More Profitable, Competitive Vehicles
Ford Motor Co. wants to apply its deep understanding of truck customers across its lineup. The automaker this week formed what it calls an Enterprise Product Line Management group to work with marketing, engineering, mobility and product development teams to overhaul the company's vehicle portfolio. The goal is to better study what customers want and build more profitable, competitive vehicles.
Source: Automotive News
Volvo On A Roll; No. 1 in a Customer Satisfaction Survey, with Lexus and Subaru
The Volvo brand tied with Lexus as the No. 1-rated luxury brand, in the latest American Customer Satisfaction Index Automobile Report, which was released Tuesday. “Volvo is the major winner in the luxury-vehicle segment,” the report said. Volvo had an ACSI score of 85 on a 100-point scale, a new high for the Volvo brand and an improvement from a score of 82 last year. Subaru was the No. 1 mass-market brand, with a score of 84, down 1 point from last year. Honda and Toyota tied for No. 2, followed by Volkswagen at No. 3, with a score of 82.