European Automakers Demand a Fair Deal in Emerging Auto Markets

At a recent meeting of the European Automobile Manufacturers Association (ACEA), industry leaders voiced their concerns over government assistance, high import tariffs and other trade barriers in newly minted auto markets such as China, India and South Korea. It’s a situation that’s made it very difficult, if not impossible, for the Euros to compete.

Dieter Zetsche, CEO of Daimler and the President of ACEA puts it well: “We are asking for a level playing field.”

Paul Everitt, CEO of the UK’S SMMT motor industry group echoes those remarks: “Our vision is for us to design, develop and manufacture high-value vehicles to export around the world. That is difficult if we don't get access.”

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Mazda and Sumitomo to Open New Plant in Mexico, Sales Company in Brazil

Mazda Motor Corporation announced today that it is opening a new production facility in Mexico, and a sales company in Brazil, both in collaboration with Sumitomo. The Japanese manufacture proceeded with these moves in order to strengthen its presence in the rapidly growing Central and South American markets. Read more »