BANGKOK (AP) — Asian shares were mostly higher Thursday, tracking a rebound on Wall Street after President Donald Trump pulled back on some of his tariffs hikes. U.S. futures were little changed, while benchmarks surged in Japan and China. Trump’s decision to give a one-month exemption for U.S. automakers on his 25% tariffs for Mexican…
Why is Trump exempting tariffs for some car makers? – CBS News Watch CBS News President Trump is offering an economic reprieve to the Big Three automakers. The White House announced on Wednesday that Ford, General Motors and Stellantis would receive a one-month exemption from his tariffs. CBS News’ Fin Gomez and Kelly O’Grady have…
WASHINGTON (AP) — President Donald Trump is granting a one-month exemption on his stiff new tariffs on imports from Mexico and Canada for U.S. automakers, as worries persist that the newly launched trade war could crush domestic manufacturing. The pause comes after Trump spoke with leaders of the “big 3” automakers, Ford, General Motors and…
WASHINGTON (AP) — President Donald Trump is granting a one-month exemption on his stiff new tariffs on imports from Mexico and Canada for U.S. automakers, amid fears that the trade war could harm U.S. manufacturers. The announcement comes after Trump spoke with leaders of the “big 3” automakers, Ford, General Motors, and Stellantis on Wednesday….
BOSTON (AP) — Demonstrators gathered outside Tesla stores across the U.S. Saturday to protest the automaker’s billionaire CEO, Elon Musk, and his push to slash government spending on behalf of President Donald Trump. The demonstrations are part of a growing backlash in North America and Europe to Musk’s disruptive role in Washington. Critics of Trump…
During the latest round of tariffs on U.S. imports, China’s took effect on Monday, imposing an additional 10% duty on vehicles with engines larger than 2.5 liters. This brings the total tariff on these vehicles to 25% as trade negotiations between the two nations stall over the Trump administration’s broader tariffs on Chinese goods. While…
General Motors is hoping to grab a bigger share of the market for luxury electric vehicles. To that end, it just unveiled a souped-up version of its Cadillac Lyriq-V SUV. But when the average price of an EV already tops $50,000, is there much of a market for something even pricier? The price of this Lyriq…
BANGKOK – Auto industry newcomers like Taiwan-based iPhone maker Foxconn and China’s Huawei Technologies are maneuvering to gain an edge in the electric vehicle sector, prompting automakers like Japan’s Nissan and Honda to announce plans to join forces against a flood of ambitious competitors. Also known as Hon Hai Precision Industry, Foxconn has been snapping…
Top stories Volkswagen walkouts intensify as workers reject cuts and factory closures. Read More Stellantis and Zeta Energy team up to revolutionize EV batteries. Read More BYD sets sights on dominating the global EV market amid record growth in China. Read More Used-vehicle prices steady in November, retail sales see 5% boost. Featured Interview How…
Republican Senator-elect Bernie Moreno, a luxury car dealer before transitioning to politics, is positioning himself as a key automotive voice in the Senate. Following his victory over Democrat Sherrod Brown in Ohio—a state critical to the manufacturing sector—Moreno aims to influence automotive policy, particularly as it relates to electric vehicles (EVs). Speaking at the 2024…