CVMA Welcomes Announcement of an Agreement to Address North American Steel and Aluminum Tariffs

TORONTO, May 17, 2019 /CNW/ - Canadian Vehicle Manufacturers' Association President, Mark A. Nantais issued the following statement:

The members of the Canadian Vehicle Manufacturers' Association (CVMA) greatly appreciate the perseverance of the Canadian government and its partners to reach an agreement to address steel and aluminum tariffs. 

Resolving this trade issue is very important to support the competitiveness of the Canadian automotive manufacturing industry and its suppliers.  We are hopeful it will also encourage continued progress towards approval of the Canada-U.S.-Mexico Agreement (CUSMA). 

Today's announcement is a positive step forward and we will look forward to learning more about the details as they become available. 

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 FCA Canada Inc.; Ford Motor Company of Canada, Limited and General Motors of Canada Company. Collectively its members 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)