U.S. President Donald Trump has threatened to impose tariffs on cars imported to the U.S. In a strategic development, BMW stated, it is considering to build a second U.S. manufacturing plant which could produce transmissions and engines, said Harald Krueger,… Read More ›
The U.S. luxury carmaker, which generated 17% of its 2017 sales from China, could relocate some of its carmaking activities to China. In response to the burgeoning U.S.-China trade war, Tesla has become the first automaker to raise the prices… Read More ›
A hike in tariffs on EU’s automotive exports to the U.S. will not only impact the U.S. GDP by $13-$14 billion and bring no improvements to its current account balance it will also cost the United States 120,000 jobs. Slapping… Read More ›
In a cautionary move, Japan has warned the U.S. that any imposition of new tariffs will negatively impact U.S. consumers and its auto industry. On Friday, Japan’s automakers association (JAMA) came down heavily on U.S. overtures to explore the possibility… Read More ›
If China goes ahead with the move, it would help foreign automakers to export more cars into China and help reduce price gaps. On Thursday, Bloomberg has filed a report citing sources familiar with the matter at hand as saying,… Read More ›
In a nerve-wrecking moment, literally at the very last hour, GM signs a preliminary deal with the union. Investment plan of $2.8 billion looks promising now. On Wednesday, a senior government source with direct knowledge of the matter stated, South… Read More ›
Despite the general lack of progress, the 2018 Mexican election promises to instill some fire into the negotiations. On Tuesday, negotiators from Canada, Mexico and the U.S., completed their fifth round of negotiations aimed at reworking the North American Free… Read More ›
The sale of its luxury brand, Mercedes-Benz, has been the engine for its spectacular performance. Daimler Financial Services, Daimler’s finance arm, has stated it is heading for another record year having signed nearly one million new leasing and finance… Read More ›
While the U.S. government may want Japan to open up its agricultural sector, Japan would prefer that the talks revolve around issues such as foreign direct investment, infrastructure and energy. Japan has outright rejected U.S. demands for more access to… Read More ›
The move comes midst Federal safety regulators probing Tesla’s Autopilot’s role in a fatal crash in Florida in 2016. Tesla has mentioned in a blog post that it has hired a software engineer from Apple Inc to oversee its efforts… Read More ›
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