VW to boost regional content
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.