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Keyword: autocompanies

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  • Japan auto companies triple Mexican pay rather than move to US

    07/06/2020 9:33:00 PM PDT · by SeekAndFind · 76 replies
    Asian Nikkei Review ^ | 07/06/2020 | SHUJI NAKAYAMA and RYO ASAYAMA
    The new North American free trade agreement that goes into effect Wednesday was touted by U.S. President Donald Trump as an engine of American job creation. But Japan's automakers are largely opting instead to keep operations in place and pay Mexican workers more or even just pay tariffs. The US-Mexico-Canada Agreement requires 40% or more of parts for each passenger vehicle be manufactured by workers who are paid at least $16 per hour as a condition to make them tariff free in the region. Trump hailed that feature as a way to boost production in the U.S., which has a...
  • Obama sets bankrupt auto companies on war path with consumers

    05/20/2009 5:14:04 PM PDT · by Askwhy5times · 27 replies · 1,926+ views
    Bluegrass Pundit ^ | May 20, 2009 | Bluegrass Pundit
    The new fuel mileage standards the Obama administration is proposing have set bankrupt Detroit car manufacturers on a war path with the consumers that they need to buy their product. Americans will not buy the expensive hybrid or electric cars that will be needed to meet these stringent new standards unless gas taxes are significantly raised or the government subsidizes every vehicle.