In response to President Trump's 25% tariffs on imported vehicles, South Korea announces a robust support plan for its auto industry, including financial aid and tax cuts to boost demand.
In response to President Trump's new 25% tariffs on U.K. auto imports, Jaguar Land Rover has halted shipments to the U.S. The company is now addressing these new trading terms while the U.K. government negotiates a trade deal.
Jaguar Land Rover has announced a temporary halt on shipments to the U.S. due to new tariffs imposed by President Trump, impacting its significant exports and revenue.
Stellantis has paused production at its Canadian and Mexican plants, leading to the temporary layoff of 900 US workers. As tariffs take effect, uncertainty looms over the auto industry and its workforce.
Stellantis is temporarily halting production at assembly plants in Canada and Mexico due to new 25% automotive tariffs imposed by the Trump administration. This shutdown affects thousands of workers and signals significant industry challenges ahead.
President Trump is set to unveil the largest trade barriers in decades, dubbed 'Liberation Day.' This move could send shockwaves through the economy, affecting everything from consumer prices to job security. Discover the potential fallout from Trump's new tariffs!
Car sales in the U.S. surged by 13.6% in March, with electric vehicles leading the charge. Automakers like GM and Ford reported significant gains, but looming tariffs could impact future sales.
In a surprising twist of March madness, car buyers rushed to dealerships to secure deals before impending auto tariffs. Major manufacturers like Hyundai and Ford reported significant sales increases amidst tariff fears, particularly in electric and hybrid vehicles.
Ford Motor Company has reported a 1.3% decline in first-quarter U.S. vehicle sales, impacted by the discontinuation of the Ford Edge SUV and looming tariffs from President Trump. Despite this, retail sales surged by 5% in the same period, driven by consumer urgency to buy before prices rise.
Tokyo stocks experienced a dramatic drop on the last day of Japan's fiscal year, with the Nikkei index plunging 4% to a seven-month low, fueled by fears over U.S. tariffs impacting the economy.
