AUTOMAKERS WANT A NAFTA THAT KEEPS U.S. AUTO INDUSTRY STRONG

Washington, D.C., May 01, 2018 (GLOBE NEWSWIRE) -- As the NAFTA negotiators pause to consider the latest U.S. proposal on auto rules of origin, Here For America companies continue to have concerns about its complexity, equity and achievability. 

“The outcome of the current NAFTA negotiations is critical to the industry’s continued success,” said John Bozzella, president and CEO of Global Automakers and spokesman for Here For America.  “NAFTA is not just about setting the rules for automotive trade in the region, it is about the competitiveness of U.S. auto manufacturing.  NAFTA 2.0 should support the network of vehicle suppliers throughout the region upon which the U.S. industry and American customers depend.”

International automakers:

• Generate 1.29 million direct and indirect American jobs. 
• Invested $75 billion into their U.S. operations that include automotive production, vehicle design, and research and development.
• Built over 5.1 million cars and trucks in America in 2017, accounting for 47 percent of all U.S. light-duty vehicle production.

“As the negotiations get closer to the finish line, it is important that the agreement create feasible automotive rules that treat all U.S. auto producers equally. We look forward to further productive engagement with the Administration,” said Bozzella. “The millions of Americans who support the U.S. auto industry are depending on us to get this right.”

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* Vehicles are made in the United States using domestic and globally sourced parts.

Here For America tells the story of international automakers and dealers, their ever-growing impact on the U.S. economy, and the benefits they provide to local communities. Here for America is an initiative of the Association of Global Automakers and participating companies include Aston Martin, BMW Group, Ferrari, Honda, Hyundai, Jaguar Land Rover, Kia, Maserati, Mazda, McLaren, Mercedes-Benz USA, Mitsubishi Motors, Nissan, Subaru, Toyota, Volkswagen Group of America, and Volvo. Visit www.hereforamerica.com and follow Here For America on Twitter and Facebook.

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