Trade (2007) Official Trailer # 1 - Drama Movie HD
German GM Buick fact highlights the risks of trade policy.
DETROIT Reuters - General Motors Co GM NYSE - News Tuesday unveiled a German crossover Buick wagon is planning to sell in the US, and in doing highlighted the vulnerability of the US auto industry to changes in trade policies .
The Buick Regal TourX, scheduled to launch later this year in the US, is designed for wheel drive imported vehicles such as those offered by Subaru and Volvo Cars to Zhejiang Geely Holding.
In a plan drawn up well before the administration and Congress Trump started talking about taxing imported goods, GM planned to build the TourX in a factory in Ruesselsheim, Germany, near Frankfurt.
Asked how a possible border tax on imported goods could affect TourX, responsible for the development of GM products Mark Reuss said such a levy might hurt, but added that I do not know what tax at the border is.
How can you make a product plan based on something you know he asked.
Reuss said GM made plans to cope with a border tax, which could affect not only the vehicle Regal TourX GM matter SUV Buick called Envision China, and electric vehicles it needs to Chinese market that currently builds only the United States in China levies customs duties and taxes on imported vehicles steep.
In another interview, the head of North American operations, GM said it is encouraged that President Donald Trump and administration officials are listening that managers of the automotive industry explain the complex, global supply chains behind their model ranges.
It is too early to speculate, but we believe that the new administration is more aligned with that different, said Alan Batey, head of the North American auto business to GM and the Chevrolet brand in the world there is a dialogue very open and consistent with administration officials, he said.
CEO Mary Barra, GM is a member of an advisory board to the President Trump.
The TourX was one of two new Buick models brand unveiled at GM's design center in suburban Detroit The other, the Sportback Regal, offered an unusual flap opening designed to give a car that looks like a sports coupe functional utility of a sport utility vehicle the hatch enables a driver to load goods on rear seats folded.
Some engineering and production of the Regal and TourX relied on Opel activities from GM, which are now being sold to Peugeot SA Reuss France said that the sale does not necessarily mean the end of the collaboration between the Buick and Opel's German operations.
Opel is still some of our upcoming models, he said.
Germanmade Buick GM highlights the risks of trade policy Yahoo Finance Canada, buick, highlights, risks, trade.