The American Automotive Policy Council (AAPC) has called for the reinstatement of USMCA preferential treatment. The AAPC represents the common public policy interests of U.S. automakers: Ford Motor Company, General Motors Company, and Stellantis. USMCA preferential treatment In a letter to the USTR, the AAPC called for the
How many components does a vehicle have? The Motor & Equipment Manufacturers Association (MEMA) in the United States has the answer. According to this association, an average vehicle can include 30,000 or more components, reflecting the complexity and sophistication inherent in the modern vehicle manufacturing sector. How many
Section 232 truck tariffs allow the United States to compete with Mexico, PACCAR said. According to the company’s own data, its Peterbilt and Kenworth trucks account for more than 30% of the US heavy-duty truck market and transport more than 20% of the nation’s freight daily. Section 232
PACCAR’s investments total more than US$1 billion since the United States-Mexico-Canada Agreement (USMCA) came into force, according to information from the company itself. Since the USMCA came into effect, PACCAR has invested in the expansion of US factories, new equipment, and technology. PACCAR has also made significant investments
The U.S. content in Mexican exports is the highest among all of the United States‘ major trading partners. This productive impact on the United States was highlighted in a report by the National Council of the Maquiladora and Export Manufacturing Industry (Index). U.S. content in Mexican exports No
Automotive investments in the United States grew fourfold since the ratification of the USMCA compared to the equivalent period in the previous year, General Motors noted. Overall, the high standards agreed upon by Mexico, the United States, and Canada, in effect since July 1, 2020, established ambitious but