Canadian Vehicle Manufacturers' Association Statement on USMCA Announcement

TORONTO, Oct. 1, 2018 /CNW/ - The Canadian Vehicle Manufacturers' Association (CVMA) issued the following statement regarding the announcement of a United States-Mexico-Canada agreement (USMCA) to modernize the North American Free Trade Agreement:

"The CVMA congratulates the Canadian government in finalizing the new agreement on a trilateral North American basis. While we look forward to reviewing the details pertaining to automotive trade more closely, the Canadian negotiating team is to be commended on reaching a modernized agreement which provides certainty and builds a strengthened platform for trade across the industry. We look forward to updates and working with government towards finalizing and implementing the USMCA."

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 Fiat Chrysler Automobiles (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. 136,000 jobs are directly tied to vehicle assembly in Canada. Direct and indirect jobs associated with vehicle manufacturing are estimated at over 792,000 across Canada. Please visit www.cvma.ca.

SOURCE Canadian Vehicle Manufacturers' Association (CVMA)