Aston Martin plans October IPO worth up to $6.7 billion
Sept. 20, 2018 10:55 CET
Aston Martin says it is seeking a valuation of up to 5.07 billion pounds ($6.7 billion) from a stock market flotation in October. The automaker will publish a prospectus on Thursday and hopes to announce its final pricing at the beginning of next month, ahead of an IPO on or around Oct. 8.
JLR faces fresh Brexit dilemma over UK-built parts
Sept. 20, 2018 10:15 CET
Jaguar Land Rover is facing a fresh Brexit dilemma as it aims to boost the proportion of parts made in the UK to simplify its supply chains and save costs. But the prospect of an EU exit is making it tougher to persuade suppliers to expand in the country.
Jackson: Auto industry is 'freaking out' over the prospect of tariffs
12:00 pm U.S. ET | Sept. 19, 2018
The auto industry fears that President Donald Trump's threats to place tariffs on vehicles coming into the U.S. could drive the economy into a recession, the head of the largest auto retailer in America said.
NAFTA deal unlikely this week, raising tariff fears
11:35 am U.S. ET | Sept. 19, 2018
NAFTA talks are picking up again but a deal is unlikely to be reached this week -- increasing the odds the latest deadline will be missed amid Donald Trump's threat to freeze Canada out.
Rule out 'no deal' Brexit, UK car industry warns in Brussels
Sept. 19, 2018 12:20 CET
London and the EU should rule out a 'no deal' Brexit, which could add at least 5.7 billion euros ($6.65 billion) in car tariffs and snarl up production, the UK's SMMT industry body warned.
Mini moves plant shutdown as hedge on no-deal Brexit
Sept. 18, 2018 15:35 CET
Mini's plant in Oxford, England, will move its annual maintenance shutdown to April next year when Britain is due to leave the EU.
China slaps tariffs on $60 billion of U.S. goods as trade war escalates
10:50 am U.S. ET | Sept. 18, 2018
China announced retaliatory tariffs against $60 billion of U.S. goods, sharply escalating their trade conflict as the Trump administration considers imposing duties on almost all Chinese imports.
Will automakers bear outsize burden for tackling climate change?
9:30 am U.S. ET | Sept. 18, 2018
It's unclear how much automakers will benefit from relaxing standards for tailpipe emissions. To some observers, the biggest winners are petroleum companies.
JLR cuts production at UK plant on slow demand
Sept. 17, 2018 16:04 CET
Jaguar Land Rover is cutting production to three days at one of its UK plants as it deals with the fallout from the Brexit vote and the drop in diesel demand.
Aston Martin joins Jaguar in calling out Brexit risk to industry
Sept. 16, 2018 06:01 CET
Aston Martin CEO Andy Palmer said that Brexit is "a disaster for the industry on both sides of the Channel if there is no negotiated exit."
Brexit without a deal would complicate driving in Europe, UK says
Sept. 14, 2018 11:20 CET
Leaving the EU without a divorce deal could make life for UK citizens and businesses more difficult, including forcing motorists to get an international license to drive in Europe, the government said.
UK government wants to uphold CO2 rules in no-deal Brexit
Sept. 14, 2018 10:34 CET
The UK government will try not to impose extra burdens on the auto industry for reporting CO2 emissions if it leaves the EU without a deal, but will seek to maintain rules that correspond to current bloc arrangements.
Who has the real leverage at the NAFTA table?
9:03 am U.S. ET | Sept. 13, 2018
From day one, President Trump has imposed his will on talks to overhaul NAFTA. But as his administration tries to seal the deal, it’s not clear he holds all the cards.
Wrong Brexit deal will cost thousands of jobs, Jaguar Land Rover CEO says
Sept. 11, 2018 17:01 CET
Jaguar Land Rover CEO Ralf Speth said he had no idea whether his plants would be able to operate after Britain leaves the EU next year.
Mexican auto exports jump in August, output up slightly
12:20 pm U.S. ET | Sept. 10, 2018
Mexico produced 369,543 light vehicles in August, an increase of 0.4 percent compared with the same month last year, according to new industry statistics.
Jaguar Land Rover recovery clouded by Brexit uncertainty, Tata chairman says
Sept. 10, 2018 15:19 CET
Protracted Brexit talks are weighing on the recovery prospects of Jaguar Land Rover, according to its Indian owner.
China vows to respond if U.S. takes new steps on trade
9:39 am U.S. ET | Sept. 10, 2018
China will respond if the U.S. takes any new steps on trade, the foreign ministry said, after President Trump warned he was ready to slap tariffs on virtually all Chinese imports into the U.S.
Avoid knee-jerk reactions to tax and tariff changes
3:56 pm U.S. ET | Sept. 7, 2018
Overseas and domestic automotive companies should think long and hard about buying or building plants to take advantage of recent tax cuts, tariff threats or the depressed euro.
U.S.-Canada trade talks grind on, but 'final' issues unresolved
11:42 am U.S. ET | Sept. 6, 2018
U.S. and Canadian negotiators pushed ahead in grinding talks to rescue NAFTA, but a few stubborn issues stood in the way of a deal, including dairy and how to solve future trade disputes.
NAFTA talks restart as Trump, congressional clock boost pressure
6:59 am U.S. ET | Sept. 5, 2018
Canada insisted there was still room to salvage NAFTA after talks with the United States and said both sides would meet again later in the day after separate discussions on this morning's proposals.
Canada-U.S. NAFTA talks to resume next week, optimism remains
1:17 pm U.S. ET | Aug. 31, 2018
Canada and the U.S. ended talks on Friday to update NAFTA in a mood soured by President Trump's comments that a pact would be on U.S. terms while Ottawa stood firm against signing "just any deal."
Nonprofit launches website to smooth access to UAW spending
2:18 pm U.S. ET | Aug. 31, 2018
In a step toward greater transparency as the union remains mired a federal corruption scandal, the Center for Union Facts launched a new website on Thursday to give members a user-friendly way to view how the UAW spends its money.
As clock ticks, Canada, U.S race toward NAFTA deal
10:39 am U.S. ET | Aug. 30, 2018
Top NAFTA negotiators from Canada and the United States wrapped up a third day of two-way talks on Thursday, agreeing to meet Friday to resolve final differences before a deadline, with Mexican counterparts on standby to rejoin negotiations.
UK production falls 11% in July on model changes
Aug. 30, 2018 10:15 CET
UK production fell 11 percent in July, hit by model changes, seasonal adjustments and preparations for tougher new emissions standards.