BEIJING: China will carry out a “strategic” reorganisation of automakers owned by the central government and encourage them to improve competitiveness and market share, a senior official at the state assets regulator said on Saturday. China will also promote the integration of the centrally owned automakers into the “global innovation network” and their overseas development,…
Iconic Volkswagen microbus gets an electric revival – CBS News Watch CBS News Today marks 75 years since Volkswagen first began manufacturing its beetle-based “bus.” For those of a certain generation, the microbus is one of the most recognizable and beloved vehicles to ever roll down the road. Carter Evans reports that some are charged…
Shanghai Newsroom | Reuters Volvo backtracks on EV pledge, as other automakers have done the same Volvo has revised its plan to transition fully to electric vehicles by 2030, as others in the industry have made similar moves. Straight Arrow News Japan’s Toyota 7203.T began selling a $20,000 smart electric car in China this week, aiming to…
Buying a car can be a fraught financial decision even in the best of times. Now, car shoppers are facing the added pressure of deciphering U.S. tariff policy. On Wednesday, President Trump issued a one-month delay for U.S. automakers on tariffs placed on imports from Canada and Mexico, trading partners that provide many of the…
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…
President Trump is giving a one-month exemption to U.S. automakers from the round of tariffs that took effect on March 4, White House press secretary Karoline Leavitt said on Wednesday. The announcement comes after Mr. Trump spoke with leaders of the so-called Big Three automakers — Ford, General Motors and Stellantis, the parent company of…
President Trump’s tariffs on three key U.S. trade partners, which are set to go into effect Tuesday, could drive up automobile costs for U.S. consumers by thousands of dollars and put a dent in U.S. car sales, industry analysts and U.S.-based automakers say. The 25% tariffs on goods from Canada and Mexico, as well as…