On Thursday, President Donald Trump confirmed that his proposed tariffs on Mexico and Canada would go into effect on March 4, following a one-month delay that began on February 3. The tariffs, which include 25% duties on imports from the neighboring countries, have faced ongoing uncertainty regarding their reinstatement. In addition, Trump announced that China,…
The Honda Motor Co. and Nissan Motor Co.’s potential new venture to create a Japanese automotive behemoth amid intense competition from the Chinese rivals raises questions about the timing of the deal, reported the news agency Reuters on Wednesday, December 25. Both companies said on Monday, December 23, that they will start formal talks about…
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…
Top stories U.S. Energy Department races to finalize $1.7 billion in EV plant conversion grants. Read More Trump proposes tax breaks for U.S.-made car purchases as election nears. Read More Honda Recalls 720,000 vehicles over fuel pump leak risk. Read More U.S. electric vehicle market sees record growth as EV sales hit new milestones. Read…
China has strongly urged the United States to stop what it describes as “unreasonable suppression” of its companies. This follows U.S. proposals to ban Chinese software and hardware in vehicles due to national security concerns. The Chinese Ministry of Commerce criticized the U.S. government’s move, labeling it protectionist and a violation of fair competition and…
Toyota Motor Corp. has lowered its global production target for electric vehicles for 2026 by around 30 percent, saying it now aims to produce around 1 million units, amid slowing demand for all-electric cars, sources familiar with the matter said Friday. The move comes as sluggish sales of EVs are pressuring global automakers to reconsider…