Shanghai, China, November 28, 2019 The American Chamber of Commerce in Shanghai has recognized its Automotive Committee as its 2019 Committee of the Year. Committee chairman Bill Russo, the Founder and CEO of Automobility Limited, accepted the honor on behalf of the committee. The committee was recognized for its...
Huzhou, China, October 30, 2019 Topic: The Future of Automotive Introduction to the event The International FDI Summit (IFS) is a 2.5 day conference tackling the topics and industries affecting corporate direct investment into and out of China. What happens when labor is no longer a cost factor?...
Politico, April 17, 2018 President Donald Trump is sitting on an explosive report from the U.S. Commerce Department that is expected to recommend tariffs as high as 25 percent on vehicles and car parts. | Liu Jin/Getty Images This story is part of an ongoing series on...
Marketplace NPR, October 4, 2018 Under the new United States-Mexico-Canada Agreement, manufacturers need to source more parts from the member countries to avoid penalties. That could cost China. Earlier this week, President Donald Trump said that the trade deal would provide a big boost for North American...
CNBC Capital Connection, July 19, 2018 The tariffs are making companies that work with imported vehicles less competitive, says Bill Russo, founder & CEO at Automobility. Automobility CEO: Increasing tariffs 'more negative' for the industry from CNBC....
CNN Money, July 10, 2018 Tesla has hiked the prices of its cars in China by about 20% after getting caught in the crossfire of the trade clash between Washington and Beijing. [caption id="attachment_17017" align="alignnone" width="780"] A Tesla Model S on display at a showroom in Shanghai.[/caption] by...
China Global Television Network, July 3, 2018 China has recently made it easier for foreign automakers to enter its new energy car manufacturing sector, in an effort to accelerate competition and growth in the auto industry. On the one hand, the import duty on foreign cars including...
Bloomberg Television, July 4th, 2018 Bill Russo, chief executive officer of Shanghai-based Automobility Ltd., an investment advisory firm,, talks about the possible 25 percent import tariffs on imported cars and parts by the Trump administration. Russo speaks with Ramy Inocencio on "Bloomberg Daybreak: Asia." (Source: Bloomberg) Click here to watch...
Carscoops, May 22, 2018 by Sergiu Tudose China’s Finance Ministry announced today that import tariffs will be cut to 15% from as much as 25%, whereas taxes on certain automotive parts would fall to just 6%, starting July 1st. The decision comes a few days after a truce...
CNN Money, May 22, 2018 China is cutting the tariffs it charges on imported cars, giving a potential boost to foreign automakers in the world's largest market. The Chinese Finance Ministry said Tuesday that it will cut import duties on passenger vehicles from 25% to 15%, starting...