China has been one of Tesla's biggest opportunities - and one of its biggest headaches - as expectations have fallen short for exports of its California-made electric cars. The exports included 13 models, from the Odyssey minivan to Acura TLX sedans. Last year, Honda exported 54,664 vehicles from the U.S., while importing 37,777 from Japan. For the second year, Japan's Honda exported more cars made-in-the-USA to other countries than it imported to the U.S. The German automaker says it shipped $9.2 billion worth of vehicles from its Spartanburg, S.C., plant to Europe and around the world. "Mustang is just one more example of the international demand." "Exporting Ford and Lincoln vehicles to Asia Pacific and beyond is an important part of Ford's global growth strategy," said Joe Hinrichs, Ford's president of the Americas, in a statement. Ford says it also exported 56,000 of its Chicago-made Ford Explorer SUVs last year. Exports of the famous car, built in Flat Rock, Mich., began to Asia earlier this year and now are going to Europe. The latest version of the Mustang has features such as independent rear suspension and turbocharged engines designed to play well with foreign consumers. Still, there's no disputing the export gains made so far. dollar will rain on our exports," he says. goods imported via mail etc.) is a set fee and ranges from 2.22, 6.66 or 9.99 per shipment. The fee is based on the value of the merchandise being imported, not including duty, freight, and insurance charges. 12 for the U.S., Mexico can ship an Audi Q5 to Europe without the $6,000 tariff a U.S. The maximum amount of the fee shall not exceed 538.40 and shall not be less than 27.75. Production is soaring there, even for more sophisticated automotive components, says Sean McAlinden, chief economist for the Center for Automotive Research in Ann Arbor, Mich., With Mexico's free trade agreements with 45 countries, vs. "Currency is something you have to manage," says Stephanie Brinley, analyst for IHS Automotive. But the strong dollar now means that automakers, taking advantage of their plants around the world, could shift production. workers, among the most productive in the world, to be able to make cars for world markets mostly from plants in the Midwest and South. Taken together, those trends created the ability for U.S. Plus, makers started designing more models that could be sold in multiple countries. and all makers, foreign and domestic, discovered the perception of higher quality was tied to higher sales. auto factories churned out cars for the domestic market but few for export. In 2009, 1 million new vehicles were exported.įor decades, U.S. Presently, automobiles make up 8.3 of total imports into the U.S. Exports have more than doubled in the past five years. The Current Market for Cars Imported into the United States. International Trade Administration reports. factories exported 2.1 million new made-in-the-USA vehicles valued at $57.5 billion last year, up from 1.95 million vehicles worth $52.5 billion in 2013, the U.S. It's yet to be seen whether the strong dollar will put the damper on America's new standing as an auto exporter. Whether it's Ford Mustangs shipped from Michigan to Europe or BMW luxury crossovers on their way from South Carolina to the Middle East, American auto exports are booming.
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