Mexican Media Brands
FCA Readies “Massive” Contingency Plan for U.S. Import Tariff
Fiat Chrysler Automobiles NV tells Automotive News Europe it is preparing a “massive” contingency plan for the likelihood that President Donald Trump will impose a 20%-25% import tax on foreign-made vehicles.
#economics
Share
Fiat Chrysler Automobiles NV tells Automotive News Europe it is preparing a “massive” contingency plan for the likelihood that President Donald Trump will impose a 20%-25% import tax on foreign-made vehicles.
Bob Lee, the powertrain member of the company’s 25-member Group Executive Council says the planning covers supply chain, logistics and production site assignments worldwide.
Trump seeks to justify the new tax as a move to protect U.S. security. He used the same rationale last month when the White House added import taxes of 25% on steel and 10% on aluminum.
Many carmakers have warned that hiking U.S. tariffs on all foreign-made vehicles will raise prices, reduce model choices and lead to significant job losses for American workers.
RELATED CONTENT
-
On The German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.
-
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.
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.