China Lowers Trade Tariffs On Foreign Vehicles And Auto Parts

Donald Trump must be ecstatic.

The United States and China have been slowly creeping towards a trade war, which has effected the cost and availability of automobiles. Not only has China imposed a 25% tariff on foreign cars, it has also held several cars at port. The 25% tariff has effected GM, which produces the CT6 hybrid in China. The high tariffs have also greatly impacted European automakers, although the issue is about to improve. According to Reuter's Adam Jourdan, China will cut its tariffs to allow for greater access to its enormous automotive market.

Starting on July 1, 2018, the tariff will be cut from 25% to 15% for most vehicles. The Chinese Ministry of Finance said in a statement that the move is to spur development in the local auto sector. Initially, the move will mainly help premium brands such as Audi, BMW, Mercedes-Benz, and Tesla. BMW said this is a "strong signal that China will continue to open up," and Audi said it was looking forward to "further liberalization and opening" of the Chinese market. A Nissan executive also added that the "Benefits are huge for our business, especially Infiniti." The German cars will be the biggest beneficiaries, due to the sheer number of cars they sell.

The reduced tariffs will help foreign automakers compete with local Chinese automakers on price. Toyota said it would reduce prices on cars that benefited from lower tariffs in order to be more competitive. China will also reduce the tariff on auto parts from 10% down to 6%. Donald Trump has been opposed to trade tariffs with China, so this news should make him very happy. US trade talks with China will continue, with working plans to eliminate China's long-standing rules on foreign ownership of businesses.

GM Wants To Double Cadillac Sales By 2021 With The Aid Of Crossovers And China

But what about the European market?

General Motors recently fired Cadillac president and CEO Johan de Nysschen not because he was a bad CEO, but because he wasn’t a good fit for what Cadillac needs in order to survive in the long-term. The competition coming from Germany, Japan, and Korea is stronger than ever and will only gather strength. Survival, even for Cadillac, is not a guarantee. But the American luxury brand is regrouping and getting things in order. If this report from GM Authority via Cadillac Society is correct, then Cadillac’s future has huge potential.

The report claims that at a recent presentation the automaker gave to investment bankers and analysts at the Deutsche Bank Automotive Conference, the automaker revealed plans to increase sales volume and profits two-fold over the next four years.

Double sales and profits by 2021? It’s possible, and here’s how: crossovers and China. Cadillac is already expanding its crossover lineup with the recent introduction of the XT4, set to arrive in American and Chinese showrooms very soon. It will join the XT5 and within the next couple of years, an all-new three-row crossover likely to be dubbed XT6.

A three-model crossover lineup is, in a word, vital. North America and China are the main markets. Not to be done away with entirely, Cadillac’s sedan lineup will also soon be re-worked. As we previously reported, the ATS sedan is dead and we figure the coupe will be phased out around this time next year.

Both it and the CTS will be replaced by a single model, the CT5, in 2020. Cadillac previously went on record stating it launch a new vehicle every six months through 2021. By that time it will have introduced five vehicle lines. Although most of the above is not entirely new information, what we found surprising to see was what we didn’t see: any mention of Europe. Cadillac desperately tried to make a dent in the European market, but it was proven, once again, to be dominated by the German brands, hence Cadillac’s strategy to turn eastward and focus on its home market.

GM Wants To Double Cadillac Sales By 2021 With The Aid Of Crossovers And China

But what about the European market?

General Motors recently fired Cadillac president and CEO Johan de Nysschen not because he was a bad CEO, but because he wasn’t a good fit for what Cadillac needs in order to survive in the long-term. The competition coming from Germany, Japan, and Korea is stronger than ever and will only gather strength. Survival, even for Cadillac, is not a guarantee. But the American luxury brand is regrouping and getting things in order. If this report from GM Authority via Cadillac Society is correct, then Cadillac’s future has huge potential.

The report claims that at a recent presentation the automaker gave to investment bankers and analysts at the Deutsche Bank Automotive Conference, the automaker revealed plans to increase sales volume and profits two-fold over the next four years.

Double sales and profits by 2021? It’s possible, and here’s how: crossovers and China. Cadillac is already expanding its crossover lineup with the recent introduction of the XT4, set to arrive in American and Chinese showrooms very soon. It will join the XT5 and within the next couple of years, an all-new three-row crossover likely to be dubbed XT6.

A three-model crossover lineup is, in a word, vital. North America and China are the main markets. Not to be done away with entirely, Cadillac’s sedan lineup will also soon be re-worked. As we previously reported, the ATS sedan is dead and we figure the coupe will be phased out around this time next year.

Both it and the CTS will be replaced by a single model, the CT5, in 2020. Cadillac previously went on record stating it launch a new vehicle every six months through 2021. By that time it will have introduced five vehicle lines. Although most of the above is not entirely new information, what we found surprising to see was what we didn’t see: any mention of Europe. Cadillac desperately tried to make a dent in the European market, but it was proven, once again, to be dominated by the German brands, hence Cadillac’s strategy to turn eastward and focus on its home market.

GM Wants To Double Cadillac Sales By 2021 With The Aid Of Crossovers And China

But what about the European market?

General Motors recently fired Cadillac president and CEO Johan de Nysschen not because he was a bad CEO, but because he wasn’t a good fit for what Cadillac needs in order to survive in the long-term. The competition coming from Germany, Japan, and Korea is stronger than ever and will only gather strength. Survival, even for Cadillac, is not a guarantee. But the American luxury brand is regrouping and getting things in order. If this report from GM Authority via Cadillac Society is correct, then Cadillac’s future has huge potential.

The report claims that at a recent presentation the automaker gave to investment bankers and analysts at the Deutsche Bank Automotive Conference, the automaker revealed plans to increase sales volume and profits two-fold over the next four years.

Double sales and profits by 2021? It’s possible, and here’s how: crossovers and China. Cadillac is already expanding its crossover lineup with the recent introduction of the XT4, set to arrive in American and Chinese showrooms very soon. It will join the XT5 and within the next couple of years, an all-new three-row crossover likely to be dubbed XT6.

A three-model crossover lineup is, in a word, vital. North America and China are the main markets. Not to be done away with entirely, Cadillac’s sedan lineup will also soon be re-worked. As we previously reported, the ATS sedan is dead and we figure the coupe will be phased out around this time next year.

Both it and the CTS will be replaced by a single model, the CT5, in 2020. Cadillac previously went on record stating it launch a new vehicle every six months through 2021. By that time it will have introduced five vehicle lines. Although most of the above is not entirely new information, what we found surprising to see was what we didn’t see: any mention of Europe. Cadillac desperately tried to make a dent in the European market, but it was proven, once again, to be dominated by the German brands, hence Cadillac’s strategy to turn eastward and focus on its home market.

GM Wants To Double Cadillac Sales By 2021 With The Aid Of Crossovers And China

But what about the European market?

General Motors recently fired Cadillac president and CEO Johan de Nysschen not because he was a bad CEO, but because he wasn’t a good fit for what Cadillac needs in order to survive in the long-term. The competition coming from Germany, Japan, and Korea is stronger than ever and will only gather strength. Survival, even for Cadillac, is not a guarantee. But the American luxury brand is regrouping and getting things in order. If this report from GM Authority via Cadillac Society is correct, then Cadillac’s future has huge potential.

The report claims that at a recent presentation the automaker gave to investment bankers and analysts at the Deutsche Bank Automotive Conference, the automaker revealed plans to increase sales volume and profits two-fold over the next four years.

Double sales and profits by 2021? It’s possible, and here’s how: crossovers and China. Cadillac is already expanding its crossover lineup with the recent introduction of the XT4, set to arrive in American and Chinese showrooms very soon. It will join the XT5 and within the next couple of years, an all-new three-row crossover likely to be dubbed XT6.

A three-model crossover lineup is, in a word, vital. North America and China are the main markets. Not to be done away with entirely, Cadillac’s sedan lineup will also soon be re-worked. As we previously reported, the ATS sedan is dead and we figure the coupe will be phased out around this time next year.

Both it and the CTS will be replaced by a single model, the CT5, in 2020. Cadillac previously went on record stating it launch a new vehicle every six months through 2021. By that time it will have introduced five vehicle lines. Although most of the above is not entirely new information, what we found surprising to see was what we didn’t see: any mention of Europe. Cadillac desperately tried to make a dent in the European market, but it was proven, once again, to be dominated by the German brands, hence Cadillac’s strategy to turn eastward and focus on its home market.