Latest Car, EV, Dealership, Technology and Tariff News
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.
Updates on the latest automotive industry effects from the Trump tariffs
Bill Ford gave the world a glimpse into family-business dynamics.
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 credit rating agency said it expects Volvo Cars’ profitability and cash generation, after investments, to come under pressure in 2025-2026, partly alleviated by a substantial cost reduction program.
#1 Cochran Automotive is training its top-level service advisers to become service managers through an apprentice program.
The Vietnam-based EV startup has 10 corporate stores across B.C., Ontario and Quebec. It said it would maintain a presence in each province, but did not give full details on what stores would close.
Shares in Chinese automakers such as BYD, Nio and Xpeng tumbled after the chairman of Great Wall Motor worried openly about China’s deepening price war, with pricing pressure hammering car companies and suppliers.
A New Jersey Infiniti dealership said in an answer to Nissan's lawsuit against it that the automaker mischaracterized the issues.