Mexican Media Brands
NADA Urges Congress to Ratify USMCA
The U.S. Congress should quickly ratify the U.S.-Mexico-Canada Agreement to avoid disrupting the North American auto industry, the country’s car dealer group says.
#economics
Share
The U.S. Congress should quickly ratify the U.S.-Mexico-Canada Agreement to avoid disrupting the North American auto industry, the country’s car dealer group says.
Charlie Gilchrist, chairman of the National Automobile Dealers Assn., tells the Automotive Press Assn. in Detroit that the measure will maintain local production and sales, protect vehicle retail jobs, bolster the competitiveness of the American auto industry and remove the threat of tariffs on cars and components.
USMCA was signed a year ago as an update to the 25-year-old North American Free Trade Agreement. Only Mexico has formally ratified the pact to date.
Canada has begun the approval process. NADA’s CEO tells Automotive News that enabling legislation to do the same in Congress could be put to a vote in the U.S. House of Representatives in about six weeks.
RELATED CONTENT
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.
-
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.
-
Porsche Doubles EV Target for 2025
Porsche AG says about half the vehicles it sells by 2025 will be equipped with hybrid or all-electric powertrains, twice the ratio it forecast four weeks ago.