NAFTA renegotiations running into difficulty over autos - Reuters

As reported by Reuters, NAFTA talks are beginning to drag as the US and Mexico are not seeing -eye-to-eye on automobiles, citing unnamed sources.

Key quotes

"With time fast running out to reach a deal, the two NAFTA members are discussing a U.S. demand that a certain percentage of auto production happen in higher-wage areas of the region, a clear jab at lower-cost Mexico, said the sources, who requested anonymity given the sensitivity of the situation.

The two nations are also discussing a U.S. demand to boost the North American content of vehicles.

Mexico has launched a counterproposal to U.S. demands to toughen automotive industry content rules and boost wages."