Source: The Associated Press
While the automotive world's attention was drawn to the flying cars and self-driving buses on display at the Paris Motor Show, perhaps more significant events were unfolding back across the pond (and it's not Elon Musk's Twitter account this time).
The United States-Mexico-Canada Agreement ended weeks of uncertainty surrounding trade within North America. The updated NAFTA accord will have a wide-ranging impact on companies across myriad industries, none more so than carmakers.
All international car manufacturers with activities on the continent will have to reassess their supply chains and, potentially, absorb higher labor costs if they are to avoid hefty tariffs. Our analysis, which includes shipping data from Panjiva, shows that Germany's Daimler AG and Japan-based Nissan Motor Co. Ltd. stand to be particularly affected by higher requirements for content produced in North America. U.S. automakers such as Ford Motor Co. and General Motors Co., meanwhile, are waiting for the dust to settle to see if the deal President Donald Trump has struck is quite as good as he claims.
Chart of the week: Pork production in China
Daimler, Nissan face biggest challenges under new trade deal
The new trilateral trade agreement between the U.S., Mexico and Canada creates potential challenges for foreign car manufacturers, while U.S. automakers might also face higher costs as well as some relief.
Chinese automakers look to make inroads in US, Europe
In a bid to make inroads in the U.S. and Europe, Chinese manufacturers are hoping that their range of electric vehicles will blaze a trail in markets where more stringent emissions standards would block their gasoline-powered cars. S&P Global Market Intelligence reports from the Paris Motor Show.
US auto sales weaken in September, in part due to Hurricane Florence
The likes of Ford, General Motors and Toyota posted double-digit decreases in year-over-year sales, but Fiat Chrysler bucked the trend thanks to growing demand for its Jeep and Ram brands.
Michael Kors, Tapestry shop for luxury in pursuit of growth
Michael Kors' acquisition of Italian fashion house Gianni Versace is further evidence of how New York luxury companies are following the playbook of their larger Parisian rivals.
Analysts: Growing holiday sales should buoy toy, department store sales
Despite a number of high-profile companies' struggles, retail sales in 2018 are expected to be well above the previous year's tally, according to the National Retail Federation.
Costco identifies 'material weakness' in internal financial systems
The retail giant revealed that a member of its information technology team "had access to something they shouldn't have."
Food, Beverage & Tobacco
Shareholder backlash thwarts Unilever's plan to relocate HQ to the Netherlands
The prospect of Unilever being removed from the FTSE 100 index was too much for many shareholders to stomach, but the company is expected to continue to pursue a simplification of its structure through other means.
New trade deal provides some relief for US dairy, but tough problems persist
The USMCA will give U.S. dairy producers greater access to the Canadian market, but overproduction remains a concern.
Deadly swine virus disrupts China's pork industry
Throughout August and September, 22 outbreaks of the highly contagious disease were reported in China, the world's largest producer and consumer of pork.
Startup Takeoff bets on automation, small warehouses in grocery e-commerce race
Max Pedró, president and co-founder of grocery order fulfillment business Takeoff Technologies, explains the benefits of micro-fulfillment centers and the importance of increasing automation.
Exiting PepsiCo CEO Nooyi points to potential in snacks, sports drinks
"We still haven't fully exploited how snacks can be mini-meals and what we can do with the combination of our snacks and dips," said Indra Nooyi, who stepped down as CEO of PepsiCo on Oct. 2 after 12 years at the helm.
Consumer Edge is a weekly collection of critical developments across the automotive; retail; and food, beverage, and tobacco industries that draws on exclusive analysis and value-added content from the Consumer News team at S&P Global Market Intelligence.