You are here
Business Mexico NAFTA President Donald Trump U.S. 

Auto groups side with Canada, Mexico on NAFTA origin rules

August 17, 2017 By David Lawder and Anthony Esposito WASHINGTON (Reuters) – Auto industry groups from Canada, Mexico and the United States are pushing back against the Trump administration’s demand for higher U.S. automotive content in a modernized North American Free Trade Agreement. At talks underway this week in Washington, automaker and parts groups from all three countries were urging negotiators against tighter rules of origin, said Eduardo Solis, president of the Mexican Automotive Industry Association. But U.S. Trade Representative Robert Lighthizer confirmed the industry’s fears that the administration of…

Read More
Business Mexico NAFTA U.S. United States 

U.S. talks tough on trade deficit as NAFTA discussions begin

August 17, 2017 By Anthony Esposito and David Lawder WASHINGTON (Reuters) – The United States drew a hard line for renegotiating the North American Free Trade Agreement on Wednesday, demanding major concessions aimed at slashing trade deficits with Mexico and Canada and boosting U.S. content for autos. At the start of talks in Washington, U.S. President Donald Trump’s top trade adviser, Robert Lighthizer, said Trump was not interested in “a mere tweaking” of the 23-year-old pact, which Trump has threatened to scrap without major changes. “We feel that NAFTA has…

Read More
Business Mexico NAFTA U.S. United States 

U.S. talks tough as NAFTA negotiations get under way

August 16, 2017 By Lesley Wroughton and David Lawder WASHINGTON (Reuters) – The United States on Wednesday laid down a tough line for modernizing the North American Free Trade Agreement, demanding major changes to the pact that would reduce U.S. trade deficits with Mexico and Canada and increase U.S. content for autos. Speaking at the start of the talks in Washington, U.S. President Donald Trump’s top trade adviser, Robert Lighthizer, said NAFTA had “failed many, many Americans” and Trump was not interested in “a mere tweaking” of the 23-year-old pact….

Read More
Business Mexico NAFTA U.S. United States 

NAFTA negotiators aim for ‘ambitious’ start to talks: U.S. official

August 15, 2017 By Lesley Wroughton and David Ljunggren WASHINGTON (Reuters) – Negotiators from Canada, Mexico and the United States are aiming for an “ambitious” first round of trade talks, a senior U.S. official said on Tuesday, as the countries try to fast-track a deal to modernize the 23-year-old pact by early next year. The United States Trade Representative official, speaking on a conference call with reporters, said the sides would begin to merge proposed texts during the first round of meetings in Washington. The talks start on Wednesday led…

Read More
Business Mazda Motor Corp Mexico Toyota North America U.S. 

Toyota, Mazda invite U.S. states to compete for a rich prize

August 4, 2017 By David Shepardson WASHINGTON (Reuters) – Toyota Motor Corp opened the door to a bidding war among Midwestern and southern states seeking to land jobs and investment when it announced on Friday it would build a $1.6 billion U.S. assembly plant with Mazda Motor Corp . Toyota North America chief Jim Lentz told Reuters in an interview the automaker has not started searching for sites for the plant, expected to employ 4,000 workers, but would locate the factory near Toyota’s existing supply chain. Toyota has 10 U.S….

Read More
Business Mazda Motor Corp Mexico U.S. United States 

Toyota to build $1.6 billion U.S. plant with rival Mazda: source

August 4, 2017 By David Shepardson and Joseph White WASHINGTON/DETROIT (Reuters) – Toyota Motor Corp and rival Mazda Motor Corp are expected to announce plans on Friday to build a $1.6 billion U.S assembly plant as part of a new joint venture, a person briefed on the matter said. The plant will be capable of producing 300,000 vehicles a year, with production divided between the two automakers, and will employ about 4,000 people when it opens in 2021, the person said. A new auto plant would be a major boost…

Read More
Business India Joseph White Mexico 

Ford CEO Hackett reviewing future products, plants, countries: sources

July 31, 2017 By Paul Lienert and Joseph White (Reuters) – Ford Motor Co Chief Executive Jim Hackett is reviewing the automaker’s operations in India and other markets, as well as Ford’s future product programs including plans to build a self-driving commercial vehicle in 2021, according to company officials and other sources familiar with that review. Hackett, who took over as CEO in May, has told investors he is working on a 100-day review of Ford’s operations but has so far provided few details of the process, except to indicate…

Read More
canada Economy Mexico NAFTA Top News United States 

Canada, Mexico to discuss how to handle NAFTA talks: sources

July 18, 2017 By David Ljunggren OTTAWA (Reuters) – Canadian and Mexican officials will meet on Wednesday to discuss how to handle negotiations on NAFTA, two well-placed sources said on Tuesday, as a top Canadian diplomat hinted at a potential clash with Washington. The working-level talks are scheduled to take place in Ottawa, said the sources, who asked to remain anonymous given the sensitivity of the situation. “The two sides will be looking for areas where they can work together,” said one of the sources. The meeting was scheduled before…

Read More
America Movil Carlos Slim Latin American Mexico Tech Top News 

Samsung, America Movil announce partnership in Latin America

July 18, 2017 MEXICO CITY (Reuters) – Samsung Electronics Co Ltd and America Movil, the telecoms company controlled by Mexican billionaire Carlos Slim, said on Tuesday they had signed an agreement to provide the latest technology to Latin American consumers. The aim of the partnership is to deliver the 4.5G network in Mexico and other Latin American countries and to open up access to the so-called Internet of Things, in which everyday objects are connected to the Internet, the companies said in a joint statement. Through the agreement, the companies…

Read More
Economy Mexico NAFTA Top News TPP U.S. 

Upgrade with a dab of TPP may be U.S. recipe for NAFTA revamp

July 14, 2017 By Lesley Wroughton WASHINGTON (Reuters) – Some provisions of the Trans-Pacific Partnership President Donald Trump quit as part of his pledge to protect American workers from “bad trade deals” may still serve to shape a revised NAFTA trade pact, U.S. officials and trade experts say. Trump threatened to ditch the 1994 North American Free Trade Agreement too, but eventually decided to renegotiate the pact in talks with Mexico and Canada due to begin in mid-August. On Monday U.S. Trade Representative Robert Lighthizer will offer first insights into…

Read More
Facebook Auto Publish Powered By : XYZScripts.com