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Japan Carmakers Report Sales Plunge in China

Posted October 9th, 2012 at 7:40 am (UTC-5)
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Japan’s largest automakers are reporting a sharp sales drop in China in September, confirming fears that a heated territorial dispute is affecting crucial trade between Asia’s two largest economies. Toyota said Tuesday that sales of new vehicles in China dropped nearly 49 percent last month compared to a year earlier, while Honda sales dropped more […]

Tags: , , Posted in East Asia Pacific

China Defends US Car Tariffs

Posted December 15th, 2011 at 4:35 pm (UTC-5)
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China has defended its decision to increase tariffs on some U.S. car imports. Chinese Commerce Minister Chen Deming says the duties on imported automobiles are normal trade remedies and not a form of protectionism. He says if anyone begs to differ the best solution is to ask WTO experts to rule on it. Chen spoke […]

Tags: , , Posted in East Asia Pacific

Cuba Eases Ban on Car Sales

Posted September 28th, 2011 at 3:25 pm (UTC-5)
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Cuba has legalized the sale and purchase of automobiles for its citizens for the first time since the 1959 revolution. The government announced the move in April, but sales were on hold until the measure was published into law Wednesday. The new policy had been expected as part of a series of reforms being undertaken […]

Tags: , Posted in Americas

US Senator Demands Russia Stop ‘Unfair’ Car Trade Practices

Posted July 20th, 2011 at 5:40 pm (UTC-5)
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A U.S. senator representing the country’s leading car-building state has called on the top U.S. trade official to demand Russia stop what she calls unfair trade practices against American-made cars. Democrat Debbie Stabenow of Michigan wrote in a letter to U.S. Trade Representative Ron Kirk Wednesday that Russia’s position must not be tolerated. She says […]

Tags: , , Posted in Americas, Economy, Europe, US

Japan’s Mazda to End US production of Mid-Sized Car

Posted June 7th, 2011 at 10:35 am (UTC-5)
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Japanese car maker Mazda says it has decided to stop building its mid-sized sedan at a plant in the United States jointly run with the Ford Motor Company. A Mazda spokesman said Tuesday the decision to halt the Detroit production of the Mazda6 model was made after a recent reassessment of the company’s global needs […]

Tags: , , Posted in East Asia Pacific

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