Canadian Vehicle Manufacturers' Association Statement on Canada-U.S. NAFTA Announcement

TORONTO, Aug. 31, 2018 /CNW/ - Mark Nantais, President of the Canadian Vehicle Manufacturers Association, issued the following statement on today's developments relating to the Canada ? U.S. discussion respecting NAFTA:

"The progress made by the U.S., Mexico and Canada in these negotiations will ensure the automotive industry remains competitive on a North American basis. We understand that negotiations between Canada and the USTR will resume Wednesday next and we continue to support the government in seeking a positive modernized NAFTA agreement." 

About the Canadian Vehicle Manufacturers' Association (CVMA)
The Canadian Vehicle Manufacturers' Association is the industry association that has represented Canada's leading manufacturers of light and heavy duty motor vehicles for more than 90 years. Its membership includes FCA Canada Inc., Ford Motor Company of Canada, Limited and General Motors of Canada Company. Collectively its members account for approximately 60% of vehicles produced in Canada, operate 5 vehicle assembly plants as well as engine and components plants, and have over 1,300 dealerships. 130,000 jobs are directly tied to vehicle assembly in Canada. Direct and indirect jobs associated with vehicle manufacturing are estimated at over 500,000 across Canada. Please visit www.cvma.ca.

SOURCE Canadian Vehicle Manufacturers' Association (CVMA)