The Morning Shift All your daily car news in one convenient place. Isn’t your time more important? A new NAFTA deal, more battles over fuel-economy regulations, a jailed CEO with the chance for a big payday, and the sedan that keeps on dying. All of this and more in The Morning Shift for Monday, Oct. 1, 2018. 1st Gear: New NAFTA, New Rules The North American Free Trade Agreement is about to be no longer a thing, and neither are its former rules on cars. The U.S., Canada and Mexico have finally agreed on the “United States-Mexico-Canada Agreement,” and in addition to its creative and compelling name, there are also some new rules on how to make cars. The Washington Post reports that most of the key parts of the new agreement, “USMCA,” won’t start until 2020 because of all of the signatures and approvals the deal needs from leaders and legislators. That includes the new rules on cars, and given the amount of vehicles produced in all three countries, it is a very big deal. But when those car rules do go into effect, there will be some big changes on how to avoid tariffs on vehicle production. Here’s a quick summary, from the Washington Post: Starting in 2020, to qualify for zero tariffs, a car or truck must have 75 percent of its components manufactured in Canada, Mexico or the United States, a substantial boost from the current 62.5 percent requirement. There’s also a new rule that a… [Read full story]
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