ge costs for dealers. Although demand will remain volatile, it is believed that disciplined inventory management, targeted incentives and easing loan interest rates will provide support going forward.   On May 6, the United Kingdom and India concluded talks on a comprehensive free trade agreement (FTA) that will benefit the auto industries of both countries. As part of the agreement, India will phase out 85% of tariffs on existing imports from t...

Market & Tech Reports  Updated at: 2025/05/26

Detection, Data Integrity Validation, and Secure Boot.   Regarding safety, a safety concept was developed with the agreement of all involved parties in mind. The concept was reviewed and tested using a variety of techniques and methodologies, including safety analysis, HW- FMEDA, SW critical path, FTA, FMEA, and DFA. SDV cybersecurity compatibility (Source: IAV, online exhibit) SDV functional safety compatibility (Source: IAV, online exhi...

Market & Tech Reports  Updated at: 2024/07/23

n annual production capacity of 300,000 units.   Initially, the Polestar 4 was scheduled to be produced at a Geely plant in China and exported to North America. However, due to the difficulties in exporting from China to North America, production was reportedly changed to South Korea, which has an FTA (Free Trade Agreement) with the U.S.     Renault Group's performance for 2023 was strong, with sales of EUR 52.4 billion (up 13.1% from the prev...

Market & Tech Reports  Updated at: 2024/07/12

ve Industry's Efforts Toward Carbon Neutrality (Jul. 2022)   This report is for customer members only. 5 pages remaining.Read more at no cost for a limited time by registering for a free trial. Decarbonizing Transportation with Data Organization Speaker Title Federal Transit Administration (FTA) David Schneider Office of Research, Demonstration, and Innovation, Data Scientist Beep, Inc. Jennifer Foote Business Development, Senior Vice-P...

Market & Tech Reports  Updated at: 2022/11/25

arried filing jointly: Up to USD 300,000 Battery Proportion of critical minerals ・Tax credit of USD 3,750 of the USD 7,500, provided that a certain percentage of the value (increasing from 40% in 2023 to 80% after 2027) was mined and processed in the U.S. or a country with which the U.S. has an FTA (free trade agreement), or recycled in North America.・ After calendar year 2024, the vehicle must not contain critical minerals procured from an...

Market & Tech Reports  Updated at: 2022/10/05

ines' 2022 Manila International Auto Show to run on ground from April 7-10 (Mar 10, 2022)https://www.marklines.com/en/news/266388 Chinese EV maker WM Motor to enter Philippines, Weltmeister W5 EV set to arrive in Q2/2022 (Mar 02, 2022)https://www.marklines.com/en/news/265914 Philippines-South Korea FTA set to be signed in March 2022 (Feb 07, 2022)https://www.marklines.com/en/news/264840 VW Truck & Bus officially enters Philippines, with MACC as o...

Market & Tech Reports  Updated at: 2022/05/16

l show significant increase by 2023 (+27% over 2019). On 31 January 2020, the UK formally left the EU and began negotiating a new trade deal. The current trading relationship will stand until end 2020, although, as of July, little progress has been made on an agreement. If the UK fails to strike an FTA style deal with the EU, Nissan’s production could increasingly shift to Asia, with the recently ratified EU Japan trade agreement making the rep...

Market & Tech Reports  Updated at: 2020/10/01

dard: 95g/km for 2021, 37.5% lower than 2021 target in 2030 Sales ratio of diesel engine vehicles falling to around 30% in 2019 Sales ratio of electrified vehicles growing with EVs at 2.3%, PHVs at 1.3%, HVs at 5.9% in 2019 Brexit: The UK leaves EU at the end of January 2020, negotiating with EU on FTA Sales Forecast by LMC Automotive: Western European sales to fall by 25% in 2020, not recover to 16 mn before 2023   In 2019, new passenger...

Market & Tech Reports  Updated at: 2020/07/28

Start of USMCA and Mexican automobile industry trends NAFTA revision aims to return manufacturing to U.S., but Mexico as export base continues to advance Summary USMCA: Aims to return manufacturing to the U.S. and create jobs Mexican market: Increased focus on manufacturing for export to the U.S., and reliance upon low-priced imports for domestic sales Mexican production and export trends: OEMs shifting production to light trucks for the U.S., wi...

Market & Tech Reports  Updated at: 2020/07/17

next five years, while the global dissemination of the range should boost North American and Asian output from 2020. Daimler will also be eager for the USMCA to be ratified, with threats of import tariffs on Mexican goods to the US highlighting the danger of manufacturing outside the US without an FTA. Although the threat of tariffs on EU‐built vehicles to the US has subsided until November, with 14% of all European build exported to the US, t...

Market & Tech Reports  Updated at: 2019/09/11

the current generation will bow out of production at the end of 2020. As the Indonesian government is set to implement Euro IV emissions standards in 2021, Isuzu is unlikely to develop a new engine for the Panther. 2) The Indonesian and Australian governments have signed a new free trade agreement (FTA). The 0% import duty on Indonesian‐built vehicles entering Australia under the new FTA should boost Indonesia’s overall export volume, but wil...

Market & Tech Reports  Updated at: 2019/05/21

nsecutive year, declining by 7.1% y/y to 1.42 million units. Imports to Mexico grew to 930,000 units in 2018, up by 2.6% y/y, expanding the ratio of imports to total sales to 65.4%.   While “the US-Mexico-Canada Agreement (USMCA)” was signed to replace the North America Free Trade Agreement (NAFTA), it is still uncertain whether the new agreement will come into force through ratification procedures and how the new president’s economic poli...

Market & Tech Reports  Updated at: 2019/04/11

ssenger vehicle sales exceed 15 million units, diesel vehicles drop below 50% (Sep. 2017) LMC Automotive European Passenger Car Sales Update (September 2018) (Oct. 2018)   According to the European Automobile Manufacturers Association (ACEA), passenger vehicle sales in 30 European countries (EU +EFTA) saw a y/y increase of 3.3% to 15.63 million vehicles in 2017, with the first half of 2018 seeing a sales increase of 2.8% to 8.7 million vehicles...

Market & Tech Reports  Updated at: 2018/12/17

e facilities are focused on the development of high value-added products. Mexico: Nissin Brake de Mexico, S.A. de C.V. was established in Irapuato in 2012 and began production in 2014, taking over some functions from plants in the U.S. The company hoped to use the new plant to take advantage of the FTA to reduce logistical costs and increase cost competitiveness. Asia, South America: Production of low-cost good for developing markets. R&D Facili...

Market & Tech Reports  Updated at: 2017/10/18

only are these vehicles produced and sold domestically in Mexico, they are also supplied to the global market.   Mexico has attracted foreign investment, based on anticipation for its high potential domestic demand, and taken advantage of being a part of the North American Free Trade Agreement (NAFTA), which enables it to export products to the U.S. tariff free. In the midst of these positive trends for Mexican production and exports, the Trump...

Market & Tech Reports  Updated at: 2017/10/10

rope, respectively, from the second half of 2013 to early 2014. 2. The Rogue for North America is built at Nissan's Smyrna plant in Tennessee. It is also built by Renault Samsung Motors (RSM) in South Korea and exported to North America since September 2014. This will help Nissan benefit from the FTA between the U.S. and South Korea as well as increase operating ratio at the RSM's plant.   (Reference) Creating "Alliance parts bank" for CMF ...

Market & Tech Reports  Updated at: 2015/04/28

The market share of imported vehicles rose above the 10% mark for the first time to 12.1%. The market share of imported vehicles rose to 14.4% in January-June 2014 with that of the Hyundai-Kia Group falling to 67.9%.  The surging import in Korea owes in part to the lowered import duties after the FTA was concluded with the U.S. and EU, and also to the won's appreciation. Hyundai-Kia's sales in the Korean market 2009 2010 2011 2012 2013 2013 ...

Market & Tech Reports  Updated at: 2014/09/05

d on Renault vehicles based on the following conditions:  1) The first sedan to be launched in D-segment markets in the U.S. and Canada (competing with Toyota Camry and Honda Accord) and manufactured at Renault-Samsung plant in Busan, South Korea (for export to the U.S. under Free Trade Agreement (FTA) between the U.S. and Korea).  2) The second sedan to be launched globally in C-segment markets. Production site is yet to be decided. (Notes...

Market & Tech Reports  Updated at: 2014/08/20

by diesel engines.  Korea Automobile Importers and Distributors Association (KAIDA) disclosed a forecast in December 2013 that new import registrations for 2014 will increase by 11.2% y/y to 174,000. While appreciation of Korean Won and lifting tariffs on European vehicles under the EU-South Korea FTA are positive factors, higher household debt and consumer doubts about the economy are negative factors. As a result, growth of import registration...

Market & Tech Reports  Updated at: 2014/05/15

 To develop a sedan in the D-segment based on a Renault car, presumably the Laguna, and launch it under the Mitsubishi brand in the U.S. and Canada. To manufacture this sedan at the Renault-Samsung plant in Busan, South Korea and export it to North America under the U.S.-Korea Free Trade Agreement (FTA). C-segment  To develop a sedan in the global C-segment, presumably to be based on the Renault Megane. The manufacturing location is under dis...

Market & Tech Reports  Updated at: 2014/04/10