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
-
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.
-
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
-
Mazda, CARB and PSA North America: Car Talk
The Center for Automotive Research (CAR) Management Briefing Seminars, an annual event, was held last week in Traverse City, Michigan.