International Trade

Massive trade bill hits Hill

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.

UPDATE 1-U.S. automakers call for currency rule in Pacific trade pact

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.

Congressional Deal Reached on Obama Trade-Talks Authority

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

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.

General Motors Company : Auto sales to finish year up 8 percent from 2012

Americans headed for local car dealers en masse last month, taking advantage of year-end closeouts, sweet leases and inexpensive financing to boost the industry log its strongest sales year since 2007.

Most major automakers, who report sales on Friday, were expected to report gains for the year. But there were signs in December that 2014 could bring more price competition and better deals for consumers as U.S. auto sales growth starts to slow.

Ford develops solar powered car for everyday use

Ford has developed a concept model that runs primarily on solar power, which could bring the world one step closer to having a vehicle for everyday driving that is not dependent on traditional energy sources.

The C-MAX Solar Energi Concept is a collaboration between Ford, SunPower Corp. and the Georgia Institute of Technology. The concept car is expected to be unveiled next week at the Consumer Electronics Show in Las Vegas.
 

All-new Ford Mustang is Named 'Official Car' of 2014 International CES; New Technology To Be Announced at Show

The most technologically advanced version of Ford’s iconic pony car will take center stage at the 2014 International CES® as the all-new Mustang is recognized as “Official Car” of the world’s largest hands-on showcase of emerging innovation. 2014 International CES will be held Jan. 7-10, 2014, in Las Vegas; the show is owned and produced by the Consumer Electronics Association®.

Congressional Negotiators Reach Deal on Fast-Track Trade Bill, Aides Say

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...
 

Levin, Portman urge Congress to tackle currency manipulation

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.