OEMs are moving production from the U.S. to China to sidestep punishing tariffs resulting from a prolonged trade war. “Vehicles previously exported from (the U.S.) to China are now being relocated there,” said Joe Langley of IHS Markit. Even after U.S. President Donald Trump raised the possibility of offering tax incentives to some OEMs, the damage could be long-term “with little likelihood vehicle production that has shifted from the U.S. to China will ever return,” said The Detroit Bureau. (Source: The Detroit Bureau) Read the original article…
