President Trump announced a new trade framework with the U.K. that lowers tariffs on U.S. goods and boosts market access, especially for agriculture. Is this the start of a new era in U.S.-U.K. relations?
A year after record profits, Toyota warns of a significant decline in operating profit due to currency fluctuations and tariffs imposed by the Trump administration. Discover how these factors are reshaping the auto industry!
Ford Motor is increasing the prices of its Mustang Mach-E, Maverick, and Bronco Sport models by up to $2,000 starting May 2, amid uncertainty caused by President Trump's tariffs. This move follows the company's warning of $2.5 billion in costs due to ongoing trade tensions.
As President Trump's proposed tariffs loom, Americans are flooding car dealerships in anticipation of rising prices. March saw a significant spike in new vehicle sales, with experts predicting continued demand as shoppers race to secure better deals.
General Motors reveals that the Trump administration's tariffs will cost it $4-$5 billion this year, prompting a drastic cut in earnings projections. The auto giant's CEO, Mary Barra, warns of broader economic implications as tariffs loom over the industry.
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.
