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Assembly of a 2014 Chevy Traverse at General Motors’ Lansing Delta Township assembly plant in Michigan. (John F. Martin photo for Chevrolet)
General, Markets, Reuters

NAFTA nations ‘nowhere near’ a deal, USTR says

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Reading Time: 3 minutes Washington/New York | Reuters — The top U.S. trade official on Thursday poured cold water on the prospect of an imminent breakthrough in talks to rework the North American Free Trade Agreement (NAFTA) hours after Canada’s prime minister struck a positive note. “The NAFTA countries are nowhere near close to a deal,” U.S. Trade Representative […] Read more
U.S. Trade Representative Robert Lighthizer walks toward reporters ahead of a meeting with his Canadian and Mexican counterparts to discuss talks on modernizing the NAFTA trade deal, in Washington, D.C. on May 11. (Photo: Reuters/David Ljunggren)
General, Machinery, Markets, Reuters

Negotiators fail to reach NAFTA deal

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Reading Time: 2 minutes Washington | Reuters — Senior U.S., Canadian and Mexican officials on Friday ended a week of talks without a deal to modernize NAFTA, agreeing instead to resume negotiations soon, ahead of a deadline next week issued by U.S. House of Representatives Speaker Paul Ryan. The failure to secure a quick deal underscores uncertainty over the […] Read more
Averaged global sea surface temperature anomalies (in degrees Celsius) for the week centred on May 2, 2018. (NOAA Climate Prediction Center graphic)
General, Reuters, Weather

El Nino pattern could emerge by 2018-19 winter

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Reading Time: < 1 minute Reuters — The El Nino weather pattern, associated with warmer and wetter weather than usual that may give rise to damaging conditions, could emerge by the 2018-19 Northern Hemisphere winter, with neutral conditions expected to prevail through November this year, a U.S. government weather forecaster said on Thursday. The last El Nino, a warming of […] Read more
Ford’s 2018 Super Duty King Ranch Crew Cab pickup. (Ford.com)
General, Machinery, Reuters

Ford scrambles to restart truck production after fire at supplier

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Reading Time: 2 minutes Detroit | Reuters — Ford Motor Co. is working with a key supplier to shift some parts production from Michigan to Ontario, after a fire and subsequent parts shortages forced the automaker to halt manufacturing of its highly profitable full-size pickups, according to sources familiar with the companies’ plans. The supplier, Chinese-owned Meridian Magnesium Products, […] Read more
(Video screengrab from CBSA-asfc.gc.ca)
General, Machinery, Markets, Reuters

NAFTA talks drag on as U.S., Mexico spar over autos

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Reading Time: 2 minutes Washington | Reuters — Top-level talks to update the North American Free Trade Agreement made little headway on Wednesday as the U.S. and Mexico sought to settle differences over the key issue of automobiles, three well-placed sources said. With time fast running out to reach a deal, the two NAFTA members are discussing a U.S. […] Read more
(Toyota.ca)
General, Machinery, Markets, Reuters

‘Progress’ seen by ministers at NAFTA talks, but breakthrough elusive

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Reading Time: 3 minutes Washington | Reuters — Canadian, Mexican and U.S. officials hailed progress on revamping the North American Free Trade Agreement (NAFTA) on Tuesday as efforts focused on crafting new rules for the auto sector, but there was no sign of a major breakthrough. Canadian Foreign Minister Chrystia Freeland, U.S. Trade Representative Robert Lighthizer and Mexican Economy […] Read more

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