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Monday, 20 February 2017

House to conclude Automotive Directive Discussions next week

And that’s not all, as it seems there is light at the end of the tunnel that is the House for the automotive directive. The House of Representatives’ Industry Committee will set a date to vote on the Automotive Directive in the general assembly once the legislation is final. When will it be final? After one last round of talks with auto industry players next week, Al Borsa reports. Progress on the bill — which would provide manufacturing and export incentives along the value chain to promote the development of domestic industry — had been delayed by a lobbying war pitting auto assemblers against auto importer, with component manufacturers serving as wild cards. The importers faction, which includes local dealers for Volkswagen, Seat, Kia Motors, and Ford, has lobbied lobbying MPs to raise the minimum requirement for component manufacturing companies to benefit from the directive to 100% from 25% last month. In the last hearing on the bill in the committee, Volkswagen continued to press the advantage, telling MPs that incentives to manufacturers were still unfair and would ultimately drive importers from the market. Hyperbolize much, VW?

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