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International Trade

Chrysler, Ford and GM have supported every major trade agreement negotiation to establish a 21st Century Trans-Pacific Partnership (TPP) free trade agreement with Australia, Brunei, Chile, New Zealand, Malaysia, Peru, Singapore and Vietnam. AAPC also works to support U.S. trade relationships with other countries around the globe.

The Trans Pacific Partnership

The TPP will also provide a high standard free trade agreement model for the Asia-Pacific region, and a solid economic anchor for the United States in Asia to prevent an economic and trade divide in the middle of the Pacific region.

International Trade, and the TPP, will allow the U.S. to build on existing free trade agreements with four of the eight other countries (Australia, Chile, Peru, Singapore) by better coordinating and harmonizing gains already made in prior trade agreements with those nations. The TPP will serve as a substantial step forward by establishing free trade agreements with four new U.S. trade partners (Brunei, Malaysia, New Zealand and Vietnam). Finally, the agreement will allow the nine signatories to establish a model agreement capable of serving as a high-standard, broad-based regional pact.

Jan 15 2014
GM Media Page

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.

Jan 14 2014
Written by Mark Clothier and Keith Naughton | Posted on Bloomberg News

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.

Filed Under: Export, International Trade
Jan 10 2014

Washington, D.C. - AAPC President Matt Blunt today issued the following statement on the introduction of the Trade Promotion Authority (TPA) bill:

Jan 10 2014
Written by Doug Palmer and Adam Behsudi | Posted on Politico Pro

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.

Jan 10 2014
Written by Elvina Nawaguna and Krista Hughes | Posted on Reuters

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.

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