Monday, 13 August 2018

GM Warns It Might Discontinue Chinese-made ‘Envision’ Model Because of Tariffs

Amid the President’s continuing sweeping 25 percent tariff on many imported Chinese goods, carmakers are among the unlucky businesses left to account for it. General Motors is in a particularly bad spot, due to the popularity of its Buick Envision luxury crossover both in China and the U.S.A. GM has applied for an exemption for the big moneymaker, but it warns that it might discontinue the line in America if they can’t get the government’s exemption. Considering that 19 percent of U.S. Buicks sold were Envisions, that’s a pretty big sacrifice to make...   President Donald Trump's 25 percent tariff on certain goods imported from China into the U.S. is now in effect and unfortunately for Buick, cars are part of that sweep. General Motors is making an effort to get an exemption for the Chinese-built Buick Envision SUV, but last week the company warned that it might discontinue the model in America if its request isn’t approved, according to Automotive News. Starting in the 2016 model year, the Buick Envision became the first ever made-in-China Buick to be available for sale in this country. China is by far Buick’s biggest market and from a manufacturing perspective, it just makes sense for Buick to build the Envision where they’re going to sell more of them and import them into the U.S. It also makes sense that they'd want to keep it in the American market: in 2017, about 19 percent of all Buicks sold in the U.S. were Envisions. That's a lot of sales to save. Click here to continue reading

GM Warns It Might Discontinue Chinese-made ‘Envision’ Model Because of Tariffs is courtesy of www.autonews.cardaddy.com



source https://autonews.cardaddy.com/gm-warns-it-might-discontinue-chinese-made-envision-model-because-of-tariffs/

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