NAFTA Watch: Business as Usual For VW and Honda as Regulatory Risk Swirls — Panjiva


NAFTA Watch: Business as Usual For VW and Honda as Regulatory Risk Swirls

Cons. Discr. - Autos 661 Mexico 505 Trade Deals 702 U.S. 3297 USMCA 373

The latest round of NAFTA negotiations struggled to make significant progress in the critical automotive industry with both rules-of-origin and phase-in periods still under review. In the meantime, the industry appears to be in business-as-normal mode. Mexican exports of cars and light trucks rose just 1% in July vs. a year earlier, likely reflecting U.S. auto sales that fell 0.1% that month. The latter masks a significant divergence in performance with Honda’s exports down 76% due to flooding and Volkswagen’s up 62% as a result of new model manufacturing. VW Mexico is also the least exp...

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