Suppliers
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.
China dominates the market for magnets used for windshield wiper motors and other key auto parts, and imposed restrictions in early April requiring exporters to obtain licenses. The head of a trade group representing GM, Toyota, VW Group, Hyundai and other automakers has raised urgent concerns with the White House.
Many automotive components have been subject to the global reciprocal and trafficking tariffs. Conflicting court rulings throw those tariffs into doubt.
Executive Editor Jamie Butters will host a live discussion with auto supplier executives and industry experts.
Magna, Forvia and Aptiv have had early success in winning new business with Chinese automakers overseas. The prospect of speed is often the key to closing a deal.
The Swiss company's purchase of Chengdu FAW-Sichuan Interior Parts Co. gives it access to Chinese vehicle manufacturers.
VW, riding a streak of 6 straight quarterly U.S. sales gains, previously said it would maintain current pricing on new models through May.
The VW Group subsidiary, which works with more than 20 automakers, believes collaboration will be key to transitioning to software-defined vehicles.
Italian-Japanese supplier Marelli is taking a page from Chinese competitors with plans to dramatically speed up product development through a Minimum Viable Product strategy that quickly pitches products to either get an early green light or fail fast and move on.
German supplier Rheinmetall has started production of a charge point that gets embedded at the ground level.
