THREAT OF TAX ON EU AUTOMOBILE IMPORTS IS A STRIKE AGAINST AMERICAN CONSUMERS

Washington, DC, March 05, 2018 -- Statement by John Bozzella, President and CEO, Global Automakers on behalf of Here for America

“This is two strikes on American consumers in three days. First, the prices of U.S.-built cars will increase because of tariffs on steel and aluminum. The same will happen if you tax European-built vehicles. Europe and America have a long history of investing in each other. The first American auto plant opened in Europe more than a century ago, and European car and truck makers operate plants in more than a quarter of our states. There's simply no benefit to the American worker, consumer, or economy from an escalation here.”

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Here For America tells the story of international automakers and dealers, their ever-growing impact on the U.S. economy, and the benefits they provide to local communities. The contributions of international automakers and dealers are integral to the success of today's U.S. auto industry, the most vibrant and competitive auto market in the world. Here for America is an initiative of the Association of Global Automakers to increase public education about the importance of international automakers to American job creation, economic growth, technological innovation and strong communities. Visit www.hereforamerica.com and follow Here For America on Twitter and Facebook.

Attachment:

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/08920a75-dec9-4efb-9a45-5bcd90212af8

Annemarie Pender
Here For America
[email protected]