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The higher levy, designed to boost U.S. steel output and protect U.S. jobs, will go into effect next week, the White House said, capping a tumultuous stretch that saw a trade court rule Trump's sweeping “reciprocal” tariff regime illegal, only for an appeals court to offer a stay keeping the duties temporarily in place.
The Maextro S800, developed with Anhui Jianghuai Automobile Group Corp. is designed to rival top-end models from Mercedes-Benz Group and Volkswagen Group’s Bentley.
The South Korean manufacturer is considering a 1 percent increase to the suggested retail price of every model in its lineup starting as soon as next week, sources told Bloomberg.
Carmakers in China have slashed sticker prices to kick start sluggish consumer demand, including market leader BYD, which cut prices by as much as 34 percent.
Toyota Motor Corp. is betting Americans are ready for more U.S.-made electric vehicles. And if they aren’t, it has a plan: exports.
The panel found President Donald Trump had wrongfully invoked an emergency law to justify reciprocal global tariffs, which don't include automotive imports.
Brazilian labor prosecutors are suing Chinese electric vehicle maker BYD and two contractors over allegations of slave labor and human trafficking at the construction site of a manufacuturing plant.
The British government — where Nissan operates the country's largest car factory — will guarantee a loan while Nissan will sell part of the stakes it owns in Renault and battery maker AESC Group in a plan to rescue the struggling automaker.
Automakers that fall short of sales targets are distributing new vehicles to supply chain financing companies or used car dealers, officials say. The essentially new cars then appear on the resale market with no mileage and manufacturers record them as sales despite not reaching the end-consumer.
VW Group, Renault and BMW had sales increases while Stellantis and Mercedes registrations fell. EV sales were up but slower than some analysts had expected.
