- It’s Official: U.S. Will Not Renew USMCA - U.S. Car Sales Only Up 0.4% - Mining, Not Refining, The Big Bottleneck for Batteries - Robotaxi Companies Will Struggle to Scale - BYD Wants Legacy EU Plant - China Sets New Safety Rules for Batteries - VW To Sell Stakes in Futbol Clubs - Autoline Helps Ford Museum Get Car It Wants

AD #4331 - It’s Official: U.S. Will Not Renew USMCA; U.S. Car Sales Only Up 0.4%; BYD Wants Legacy EU Plant

Autoline Daily - Video

This is Autoline Daily, the show dedicated to all of you enthusiasts of the global automotive industry. Well Sean is still on jury duty and so I'm still filling in, but let's get to the show. You know, we said it could happen, then we said it will happen, and now it has happened. It's official. The United States will not renew the USMCA trade agreement.

Instead, the Trump administration will conduct annual reviews of the pact, which is exactly what all the automakers and suppliers in North America did not want to see happen. All they see is years and years of arguments and negotiations over tariffs and rules of origin that will continue to leave their supply chains in chaos.

Yesterday, every single automotive trade and industry group representing automakers, suppliers, car dealers and consumers came out with a joint statement urging the administration to extend the USMCA calling it, and I'm quoting them here, a success story for the entire U.S. auto industry.

Just weeks ago, Swami Kotogiri, the CEO of Magna, said he wanted a new USMCA agreement to provide stability and visibility so Magna would know when and where to invest its capital. Obviously, he's not getting that, which leaves those investments in limbo. Look, we commend the Trump administration for wanting to revive manufacturing jobs in America.

But the way it's going about doing it is leaving the industry in chaos, facing uncertainty, tangled up in red tape and dealing with higher costs. So how are sales of new cars and trucks doing in the American market? What with high gasoline prices, high interest rates, the cost of tariffs and everything else that's going on? They're barely treading water, but at least they're not down.

AD #4331 - It’s Official: U.S. Will Not Renew USMCA; U.S. Car Sales Only Up 0.4%; BYD Wants Legacy EU Plant

Read the full transcript

The candid version is on a podcast,
not the earnings call.

AD #4331 - It’s Official: U.S. Will Not Renew USMCA; U.S. Car Sales Only Up 0.4%; BYD Wants Legacy EU Plant

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.