With GM’s major restructuring, consumers have preferred high-end German engineering to one whose after-care services residual value is uncertain. German engineering is making history in South Korea: for the first time, BMW and Mercedes vehicles have outsold those from General… Read More ›
The European Commission has readied a list of U.S. products which could see a rise in import duty if the U.S. Administration delivers on its threat of imposing 10% import duty on EU aluminum and 25% import duty EU Steel…. Read More ›
A more aggressive pricing strategy for the super jumbo jet is likely to boost sales. IAG’s CEO disclosed the airliner would consider purchasing more A380 jets if Airbus were to lower their prices. “The pricing that Airbus has offered in… Read More ›
Creditors are of the opinion that Etihad, Air Berlin’s parent, should have taken care of its issues such that it need not have gone to administration. As per a source close to the matter at hand, Air Berlin’s creditors are… Read More ›
Although the reasons why the U.S. Administration is pushing for higher import duties on steel and aluminum may be justified, it will have to time the imposition of tariffs since trade wars and higher import tariffs don’t gel well in… Read More ›
The fact that the Irish low-cost airliner is putting all of its available financial resources behind this purchase is indicative of its aggressive expansion plans. On Tuesday, Ryanair’s CEO Michael O’Leary stated the airliner expects to exercise “pretty much all”… Read More ›
Peter Navarro, director of the White House National Trade Council, has clarified that the Trump Administration’s imposition of stiff trade tariffs will include exceptions for businesses for lower import tariffs on aluminum and steel. A top trade adviser to U.S…. Read More ›
While 15% of employees, 941 of 2,000 workers, have opted for GM Korea’s generous redundacy package, this week Seoul will have to decide on whether it is willing to risk taxpayer’s money to bail out the loss making plant. Union… Read More ›
The business of manufacturing cars in North America for North Americans is going to be an expensive affair, post Trump’s steel tariff hike. Negotiators working to rework the NAFTA trade deal were caught off-guard by U.S. President Donald Trump’s proposal… Read More ›
While there are a number of reasons why the price of aluminum in the U.S. has shot up so dramatically, if the hefty premiums paid by buyers are an indication of the strong underlying strength of the demand, in most… Read More ›
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