The Week in Automotive: USMCA Ratification in the US Gives the Industry a Reprieve

On Thursday, the USMCA was ratified by the United States House of Representatives, giving way to some certainty in the automotive industry. The government of Canada still has to ratify it and President Donald Trump to sign it, this is expected to happen next week.

The treaty will also bring Mexico a wave of legislative reforms that will strengthen the rule of law and improve the climate to do business in the country, said to El Economista Luz María de la Mora, Undersecretary of Foreign Trade at the Ministry of Economy.

Meanwhile, companies established in Mexico may choose to use the rules of origin of the Trans-Pacific Partnership Progressive Integration Treaty (TIPAT) or those of the USMCA, if they want to export products to the Canadian market.

More news below: 

• According to a report from the Financial Times, Nissan senior executives have accelerated their secret plan for possible separation from Renault. The plans include a total division in engineering and manufacturing, as well as changes in the Nissan board.

• Honda Mexico presented the CR-V 2020, whose bet is to keep it as the queen of SUVs in the Mexican market for the fourth consecutive year, with a sale above 19,000 units for this year.

• Automaker Fiat Chrysler plans to set up a joint venture with the parent of iPhone assembler Foxconn to build electric cars and develop internet-connected vehicles in China, as it looks to make up ground in electric mobility.