GM stock slumps on tariff fears even as revenues exceed expectations | Trade War News
Trump’s threats to tax key materials needed for building vehicles and on Canada and Mexico which are integral to US auto supply chains have spooked…
No tariffs on Day 1, but Trump promises to ‘drill, baby, drill’ | Donald Trump News
Donald Trump has held off on tariffs during his first day as the president of the United States and is placing a big bet that…
‘Do you sell cars?’: Jaguar’s rebrand prompts mockery, confusion online | Automotive Industry
British luxury carmaker Jaguar is under fire over a colourful new advertising campaign that promotes inclusivity but lacks one key ingredient – any reference to…
Trump’s transition team aims to kill Biden EV tax credit in US: Report | Automotive Industry News
US President-elect Donald Trump’s transition team is planning to kill a $7,500 consumer tax credit for electric-vehicle purchases as part of broader tax-reform legislation, Reuters…
EU hikes tariffs on Chinese EVs, prompting rebuke from Beijing | Automotive Industry
China’s Commerce Ministry promises to take ‘all necessary measures’ to protect the interests of Chinese firms.The European Union has decided to sharply raise tariffs on…
Tesla’s robotaxi event was long on Musk promises, short on details | Automotive Industry News
For a businessman who perpetually struggles with broken promises, Elon Musk has given himself quite a to-do list at Tesla’s long-awaited Hollywood unveiling of its…
India’s Ratan Tata, the man who knew how to ‘think big and bold’ | Obituaries News
A greying, slightly bent man asked for a table for two at the Sea Lounge, the iconic coffee shop at the Taj Hotels’ flagship hotel in…
US House passes bill targeting China that would limit EV tax credits | Trade War News
A group of automakers says the bill makes fewer vehicles eligible for the tax credits.The United States House of Representatives has narrowly voted to approve…
Canada follows US, imposes 100% tariff on EVs imported from China | Trade War News
Ottawa to work with allies to ensure customers around the world are not unfairly penalised by nonmarket practices of countries such as China, PM Trudeau…
EU lists lower tariff on China-made Teslas as it revises duties | Trade War News
EU changes its punitive duties on imports of Chinese-made EVs, including those made in joint ventures with EU firms.The European Union has slashed its planned…
Chechen leader drives gun-mounted Tesla truck, invites Musk to Russia | Technology
Ramzan Kadyrov says Cybertruck will be given to Russian forces fighting in the war in Ukraine.The leader of Russia’s Chechen Republic has heaped praise on…
General Motors to pay $146m fine over excess emissions from older vehicles | Automotive Industry News
Emissions from certain vehicles were 10 percent more on average than GM’s initial compliance testing claimed. General Motors will pay nearly $146m in penalties to the…
Canada considering tariffs on Chinese-made EVs | Business and Economy News
Canada said the domestic car sector faced unfair competition from China’s ‘state-directed’ global oversupply of EVs. Canada is considering whether to impose import tariffs on…
Who benefits from US tariffs on Chinese imports? Experts weigh in | US Election 2024 News
The trade war between the United States and China continued this week with its latest salvo – a move that comes amid a heated race…
When will EVs become mainstream in the US? | Automotive Industry
Robert Blake, a tribal citizen of Red Lake Nation in Minnesota, watched for years as fossil fuel companies built pipelines through his homelands. “How can…
Japan’s Toyota posts record profit as bet on hybrids pays dividends | Automotive Industry
Japanese car giant says net profit reached 4.94 trillion yen ($31.9bn) in the year to March. Toyota has reported record profit and sales figures on…
Elon Musk floated robotaxi launch in China, Chinese state media says | Automotive Industry
Tesla CEO last month made an unannounced visit to Beijing for talks with Chinese Premier Li Qiang. Elon Musk suggested testing Tesla’s full self-driving feature…
Tesla asks shareholders to restore Elon Musk’s $56bn pay deal | Automotive Industry
Tesla Chair Robyn Denholm says company believes in ‘big risks for the chance of big rewards’. Tesla has asked shareholders to reapprove a record-breaking $56bn…
Tesla to lay off more than 10 percent of staff worldwide amid falling sales | Automotive Industry News
CEO Elon Musk says in memo that job cuts will leave firm ‘lean, innovative and hungry for the next growth phase cycle’. Electric carmaker Tesla…
Tesla settles lawsuit over fatal car crash for undisclosed amount | Automotive Industry
The settlement avoids jury trial months ahead of Tesla’s scheduled release of a self-driving taxi. Electric carmaker Tesla has settled a lawsuit brought by the…