Alternate Route

Oct 29, 2009 - Bark Or Bite?

China has told the U.S. that it will take steps that could lead to higher tariffs on imports of autos made by GM, Chrysler and Ford.

Steve Collins, president of industry trade group the American Automotive Policy Council, said Wednesday that U.S. officials have told the three Detroit automakers that China is expected to begin an investigation under anti-dumping laws into their business practices as soon as next week.

The U.S. auto companies export only about 9,000 cars to China annually, Collins said. GM manufactures and sells more than a million cars a year in China, though those sales wouldn't be affected. Mercedes-Benz, BMW and Nissan also export cars to China from plants in the United States, but those won't be included in the investigation, Collins said.

As China has been one of the places where auto sales have been growing (a mere 84% increase in September) this kind of feels like the big dog flexing his muscles a bit.

Read the entire article at Yahoo Finance

2:23 am | Categories: automotive news Permalink | Alert Administrator

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