Arab Today, arab today automakers salivate over oasis cuba
Last Updated : GMT 23:53:57
Arab Today, arab today
Arab Today, arab today

Trade restrictions still for Americans

Automakers salivate over 'oasis' Cuba

Arab Today, arab today

Arab Today, arab today Automakers salivate over 'oasis' Cuba

Cars reflected on lamp shades at North American International Auto Show
Detroit - Arab Today

The world's most prominent automakers are hungrily eyeing up Cuba after its rapprochement deal with the United States.
But trade restrictions that are still in place for Americans and a litany of concerns about Havana's policies means they are unlikely to dive in any time soon.
Washington and communist Cuba in December began the painstaking process of restoring diplomatic relations and easing the five-decade-old trade embargo.
President Barack Obama declared that the United States was ready for a "new chapter" in relations.
It still needs Congress to fully lift the embargo -- and if that happens it could take some time -- but businessmen are already looking for ways to establish an early position in a country they expect could surge economically with a bit more liberalization.
Automakers at the Detroit auto show were not talking out loud about the mouthwatering possibilities, but the potential for the largest island in the Caribbean, with a population of 11 million, was on the minds of many.
"We're very encouraged by the news that the countries intend to normalize relations. We will certainly evaluate any opportunities that may present themselves," said Patrick Morrissey, a General Motors spokesman.
"We are studying the eventual opportunities for GM in Cuba."
Christine Becker, a spokeswoman for Ford, said they also were keeping an interested eye on Cuba.
"We will review that initiative in order to determine its potential impact for the industry. We have to better understand it. We don't rule anything out for now," she said.
South Korea's Kia, which produces some of the lowest-priced cars on the US market, said it welcomed the change in policy toward Cuba, but told AFP it too had no tangible plans for the island's market.
- 'Cuba an oasis' -
Experts identify a number of hurdles automakers are going to have to overcome in Cuba, which is famous for the decades-old classic American cars that ply its dusty and unforgiving roads.
The US embargo and other economic isolation forced by the communist economy has denied car parts for those rich enough to have them, forcing skilled Cuban mechanics to keep them alive for decades.
Akshay Anand, an analyst at the industry specialist Kelley Blue Book, told AFP: "No doubt there's a potential growth. Cubans love American cars, the demand is there.
"You can look at it and say Cuba is an oasis for the automakers."
The buying power of Cubans remains low, but with investment slowly beginning to flow in to a range of businesses from agriculture to tourism, a surge in demand for modern vehicles is seen as inevitable.
But the current limited US opening leaves most investment and sales by Americans tightly restricted.
It allows Americans to sell farm equipment to support Cuban farmers; it is not clear if that will extend, for instance, to pickup trucks.
In the attractive shape of the vintage cars on Cuba's roads, Detroit has an indelible history in the island's motoring sector, readily visible to visitors.  
Sometimes flashy and often crudely patched and rickety Pontiacs, Plymouths, Dodges and Chevrolets make up the island's 70,000 "almendrones," cars affectionately called large almonds for their rounded shape.
There are also Peugeots, Skodas, Ladas and Chinese models that entered the country between the 1960s and 1990s.
They too depend on the skills of Cuban craftsmen-mechanics to keep them chugging along in the absence of replacement parts.
Source: AFP

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today automakers salivate over oasis cuba Arab Today, arab today automakers salivate over oasis cuba

 



Arab Today, arab today
Arab Today, arab today Nasima Gamei revives Algerian heritage in jewelries

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives Algerian heritage in jewelries
Arab Today, arab today Saudis await visitors but will they come?

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Blind sheikh buried in Egypt

GMT 06:32 2017 Thursday ,23 February

Blind sheikh buried in Egypt
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 10:01 2017 Tuesday ,21 February

Egypt pound rebounds from flotation slide

GMT 09:57 2017 Tuesday ,21 February

Greece agrees to bailout reforms compromise

GMT 09:55 2017 Monday ,20 February

Thailand 2016 growth up but below junta target

GMT 09:29 2017 Monday ,20 February

Kraft Heinz withdraws bid for Unilever

GMT 09:22 2017 Monday ,20 February

China's huge debt poses big headache for central bank

GMT 18:23 2017 Sunday ,19 February

Darwesh vows to provide job opportunities for youth

GMT 12:10 2017 Sunday ,19 February

Welcomes the F&B solution of the future
View News in Arabic - Business: أخبار الأعمال
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Salma Rashid happy for 'A Whisper of Love'

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday