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
-
VW Warns of Higher Costs to Develop EVs
CEO Herbert Diess says the €20 billion ($23 billion) Volkswagen AG has budgeted to electrify its entire vehicle lineup won’t be enough to meet that goal.
-
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.
-
Inside Ford
On this edition of “Autoline After Hours” Joann Muller, Detroit bureau chief for Forbes, provides insights into what she’s learned about Ford, insights that are amplified on the show by our other panelists, Stephanie Brinley, principal analyst at IHS Markit who specializes in the auto industry, and Todd Lassa, Detroit Bureau Chief for Automobile.