AIAM Applauds ITC Decision to Eliminate Steel Tariffs

WASHINGTON, Dec. 14, 2006 -- Association of International Automobile Manufacturers President and CEO Mike Stanton issued the following statement today:

"AIAM applauds today's decision by the International Trade Commission (ITC) to eliminate duties on corrosion resistant steel from Australia, Canada, France and Japan. This decision -- which left duties on steel from Korea and Germany in place -- will benefit automakers, including AIAM companies who collectively produce 3.4 million vehicles annually in the United States and procure nearly all the steel used in these vehicles from U.S. suppliers. American consumers will benefit as a result of more competitive steel prices. This is a victory for automakers and consumers alike."

About AIAM -- The Association of International Automobile Manufacturers, Inc. (AIAM) is a trade association representing 14 international motor vehicle manufacturers who account for 40 percent of all passenger cars and light trucks sold annually in the United States. AIAM provides members with information, analysis and advocacy on a wide variety of legislative and regulatory issues impacting the auto sector. AIAM is dedicated to the promotion of free trade and to policies that enhance motor vehicle safety and the protection of the environment. For more information, visit our website at http://www.aiam.org/.