North American Auto Trade Associations Urge Renewed Focus on NAFTA Modernization

WASHINGTON, D.C., July 9, 2018 /CNW/ - Automotive industry associations representing vehicle and parts manufacturers in the U.S., Canada and Mexico today urged a renewed focus on trade negotiations with the U.S., Canada and Mexico to modernize NAFTA.

The Alliance of Automobile Manufacturers, American Automotive Policy Council, Association of Global Automakers, Asociación Mexicana de la Industria Automotriz, Canadian Vehicle Manufacturers' Association, Global Automakers of Canada, Motor & Equipment Manufacturers Association, Canadian Automotive Parts Manufacturers' Association, and Industria Nacional de Autopartes A.C. today issued the following joint statement:

As a new government forms in Mexico on December 1^st, 2018, we believe now is the time for all parties to return to the negotiating table with a renewed commitment to the modernization of a cohesive three-country NAFTA agreement. We have a great opportunity to update this trade agreement and it is in the best interest of all three countries to refocus on establishing a new NAFTA agreement that will allow the North American auto industry to remain globally competitive."

About the Canadian Vehicle Manufacturers' Association (CVMA)

The Canadian Vehicle Manufacturers' Association is the industry association that has represented Canada's leading manufacturers of light and heavy duty motor vehicles for more than 90 years. Its membership includes FCA Canada Inc.; Ford Motor Company of Canada, Limited and General Motors of Canada Company. Collectively its members account for approximately 60% of vehicles produced in Canada, operate 5 vehicle assembly plants as well as engine and components plants, and have over 1,300 dealerships. 130,000 jobs are directly tied to vehicle assembly in Canada. Direct and indirect jobs associated with vehicle manufacturing are estimated at over 500,000 across Canada. Please visit www.cvma.ca.

SOURCE Canadian Vehicle Manufacturers' Association (CVMA)

CONTACT: Mark Nantais, President, Canadian Vehicle Manufacturers' Association, 416.364.9333, 416-560-4005