General Motors Co. (NYSE: GM) forecasts modest global industry growth in 2014 driven by the United States, China and Europe. Based on this outlook and the introduction of key vehicles globally, the company expects its total earnings before interest and tax (EBIT) adjusted to be modestly improved with improved underlying operating performance more than offsetting increased restructuring expense. Additionally, the company said it expects EBIT-adjusted margins will be similar to last year.
Chrysler Group LLC (F)’s Jeep division, aided by the fast start of the new Cherokee, probably will surpass 1 million sales worldwide this year or next, the brand’s top executive said.
Jeep global sales reached a record 731,565 last year and shipments have more than tripled since 2009, said Mike Manley, the brand’s president. Getting the maker of sport-utility vehicles to the automaker’s 1 million target by 2015 would be faster than Manley originally had expected.
Washington, D.C. - AAPC President Matt Blunt today issued the following statement on the introduction of the Trade Promotion Authority (TPA) bill:
Three senior lawmakers on Thursday unveiled long-awaited legislation to help President Barack Obama strike major trade deals in Asia and Europe, setting the stage for a potential election-year battle between the president and many of his fellow Democrats in Congress.
American automakers on Thursday pushed for rules against currency manipulation to be included in an ambitious trade pact being negotiated between the United States and 11 other Pacific Rim countries.
The American Automotive Policy Council, which represents Chrysler, Ford and General Motors, said participating nations should commit to not manipulating their exchange rates to gain an unfair competitive advantage.
A trade group representing Detroit's Big Three automakers on Thursday unveiled a proposal to prevent currency manipulation in a proposed free trade pact.
Congressional leaders who oversee trade policy introduced legislation today that would give President Barack Obama the fast-track authority he is seeking to enact three of the world’s largest accords.
House Ways and Means Committee Chairman Dave Camp of Michigan joined leaders of the Senate Finance Committee to offer legislation on so-called trade-promotion authority, which subjects trade deals to an up-or-down vote by Congress.
AAPC Announces Proposal for Strong, Enforceable Currency Provisions in the Trans-Pacific Partnership
WASHINGTON, D.C. – The American Automotive Policy Council, on behalf of its members, Chrysler, Ford and General Motors, today unveiled a new currency proposal that would achieve the group’s goal of strong and enforceable currency provisions in trade agreements, like the Trans-Pacific Partnership.
House and Senate negotiators have reached agreement on legislation to speed congressional approval of foreign trade pacts, including a major Asia-Pacific agreement the administration hopes to complete early next year.
The Trade Promotion Authority legislation, also known as "fast-track," would include language directing trade negotiators to consider currency issues as a "negotiating objective" in future trade talks, according to people familiar with the deal. The language is an attempt to...
Two key senators said Friday they want Congress to include provisions discouraging currency manipulation in legislation on fast-track authority on free trade agreements.
Sens Carl Levin, D-Detroit, and Rob Portman, R-Ohio, co-chairs of the Senate Auto Caucus, want Congress to include strong, enforceable currency provisions in the forthcoming Trade Promotion Authority bill, which will give the administration fast-track authority to negotiate trade deals and get up or down votes.