'This is madness': Auto industry warns U.S. lawmakers of dire tariff consequences

as mentioned in ADVERTISEMENTSome of the loudest voices came from the American auto industry — the companies and workers that the levies are ostensibly trying to protect. Representatives from American car makers were uncharacteristically united this week, showing up in Washington, D.C., to voice their opposition to car imports. That's because American companies and consumers would bear the brunt of the punishment if the tariffs come to pass. A look at some of the numbers behind Canada's car industry and how much tariffs would hurt. Vaughan, Ont.-based Martinrea makes auto parts, and the company components cross the border several times between plants in the U.S. and Canada.

Auto industry group opposes curbs on foreign cars - Business News

"Thailand is exporting more than 1.3 million cars a year and Indonesia more than 100,000 vehicles. "What we don't want is further incentives being provided for the new national car, which will really disrupt the industry. It does not help the industry at all," she explained.On electric cars, Aishah said further investments and incentives were needed to grow the segment, which only saw 13 cars sold last year. "The previous government allowed foreign cars to come in without giving Proton the opportunity to expand overseas," he said.This, he explained, had created difficulties for the national carmaker to compete with global automotive giants. "There is a need to impose certain conditions to limit foreign cars' access to the local market," he added.

Benin Auto Park : Obaseki hosts global automotive industry players, assures on incentives

according to …as global brands commit to partnership with Edo govtThe Edo State Governor, Mr. Godwin Obaseki, has assured global automotive industry players, including BMW, Bosch, Toyota, Volkswagen, Ford, Uber, among others, of the state's readiness to provide mouthwatering incentives and other business-friendly policies to enable them set up at the proposed Benin Auto Park, opposite the Benin Industrial Park (BIP). Obaseki gave the assurance at the Edo Automotive Investment Forum, which hosted members of the Africa Association of Automotive Manufacturers (AAAM), at the Government House in Benin City, the Edo State capital. He said the Benin Auto Park will transform Nigeria's automotive industry and help upgrade the used car market, such that more Nigerians would start buying new cars at affordable prices and be assured of top-of-the-range after-sales services. According to him, "the automotive industry is quite critical in South Africa. "We are interested in Nigeria and Edo State and impressed with the proposal for the Benin Auto Park.

collected by :Catlin Logan