Mexican Media Brands
China’s GAC May Pause U.S. Intro Because of Trade War
China’s Guangzhou Automotive Group appears likely to delay plans to debut its first vehicle in the U.S. next year because of the Trump administration’s new 25% import tariff on Chinese cars.
#economics
Share
China’s Guangzhou Automotive Group appears likely to delay plans to debut its first vehicle in the U.S. next year because of the Trump administration’s new 25% import tariff on Chinese cars.
GAC President Yu Jun tells reporters at the Paris auto show that the American launch of its GS8 large SUV may slide into 2020. The company used the show to unveil its new GS5 crossover, which it hopes to introduce in Europe soon.
The company began lining up U.S. dealers in March. At the time, China was applying a 25% import tax on American-made vehicles, but Chinese-built vehicles faced a U.S. tariff of only 2.5%.
GAC already operates in 16 countries. Yu says the company aims to eventually boost foreign sales of its cars from 10% currently to at least 50%.
RELATED CONTENT
-
Report Forecasts Huge Economic Upside for Self-Driving EVs
Widespread adoption of autonomous electric vehicles could provide $800 billion in annual social and economic benefits in the U.S. by 2050, according to a new report.
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future