VW to boost re­gional con­tent

The Hindu Business Line - - AUTO FOCUS -

An ex­ec­u­tive at car­maker Volk­swa­gen’s Mex­ico unit said there is room to boost re­gional tar­iff-free con­tent for au­tos made in North Amer­ica, a cen­tral plank of the Trump ad­min­is­tra­tion’s plan to over­haul NAFTA. Un­der the North Amer­i­can Free Trade Agree­ment,

62.5 per cent of a ve­hi­cle’s con­tent must be made within the re­gion to qual­ify for tar­iff ex­emp­tions, and the US gov­ern­ment is seek­ing to raise the thresh­old to 85 per cent to boost jobs. Marc Riera, com­mod­ity man­ager for Volk­swa­gen Mex­ico, said that Volk­swa­gen, Europe’s big­gest car­maker, was mak­ing progress in sourc­ing prod­ucts from the re­gion.

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