Chinese Manufacturers Threaten North American Auto Industry

  • 📰 AutoNewsCanada
  • ⏱ Reading Time:
  • 25 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 34%
  • Publisher: 51%

Business News

The president of the Automotive Parts Manufacturers’ Association warns that Chinese manufacturers are making strategic moves to displace market-driven industry players in the North American auto market.

He wasn’t exactly Paul Rivere on a mythical midnight run, warning of a British invasion, but Flavio Volpe was in Washington, DC, this week to deliver a warning of his own: The Chinese are coming — for the North American auto industry. According to the president of the Automotive Parts Manufacturers’ Association (APMA), politicians aren’t doing enough to keep them at bay and preserve the domestic auto sector.

Volpe is concerned about “an assertive series of strategic moves by Chinese state-owned and controlled interests within the North American automotive market through Mexico that threaten to displace market-driven industry players.” Volpe called it a “displacement strategy by Chinese manufacturers, leveraging state ownership and control to gain significant leverage within North America over regional investors,” including some of the automotive suppliers he represents. CANADA, U.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 77. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines