“Why Buy From You and Not Bring It From China?”: Ford South America’s President’s Warning About Cars in Argentina
8 Articles
8 Articles
Martin Galdeano assured that the rules of the global automotive business changed and that the country still has work to do to be able to compete; he anticipated a lower production of Ranger, spoke of China, taxes and suppliers and the challenges ahead
It was raised by the owner of the automotive for South America, Martín Galdeano, in reference to both the investment within the factories and the tax burden of the Nation, provinces and municipalities that ends up incorporating in each exported vehicle. "These taxes have to be zero, as happens in other countries and as soon as possible, because of the speed of the Chinese," he said.
Martín Galdeano warned that the Argentine industry needs to accelerate the changes to compete with China. He assured that taxes to produce and export “have to be zero” and suggested that the country should be “in shape” in the face of the new global scenario.
It was confirmed by Martin Galdeano, CEO of Ford Argentina and South America. He warned that the domestic market will sell 20% less cars than expected and warned that there is pressure on the industry by the Chinese competition. Moreover, in the middle of the closures of firms of the activity, he warned that the auto parts "could be cheaper ... Amid the closure of companies of the sector, the CEO of Ford warned that the auto parts "could be chea…
It was confirmed by Martin Galdeano, CEO of Ford Argentina and South America. He warned that the domestic market will sell 20% less cars than expected and warned that there is pressure on the industry by the Chinese competition. In addition, amid the closures of firms of the activity, he warned that the auto parts "could be cheaper [...]
Martin Galdeano, President of Ford South America, emphasized his request to reduce tax pressure to export: "The tariffs have to be zero." He put the focus on China and warned that "Argentina is having a hard time understanding and adapting to the new rules of the global automotive industry."
Coverage Details
Bias Distribution
- 100% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
