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Automotive: Page 22

U.S. Trade Deficit Narrows by Most on Record as Imports Plunge
The April trade report showed imports of consumer goods slumped $33 billion, largely due to a sharp decline in inbound shipments of pharmaceutical preparations.
Photo: iStock/Olivier Le Moal
Ship Carrying EVs Abandoned in Pacific After Catching Fire
Demand for lithium-ion batteries, including in EVs, is bringing a new risk to the global shipping industry, particularly given the value of the vehicles on board the largest car-carrying vessels.
Photo: iStock.com/kynny
U.S. Manufacturing, Imports in Slump
The manufacturing sector has been in contraction for most of the past two years.
Photo: iStock / DSCimage
Top Japan Shipper Sees Orders Recover as Trade Tensions Ease
With regard to shipping autos, which have faced a 25% U.S. tariff since April 3, Soga said bookings “have not dropped at all.”
A vehicle is driven onto the Antares Leader vehicle carrier, operated by Nippon Yusen KK (NYK Line), at a port in Yokohama, Japan. Photo: Akio Kon / Bloomberg
Ford Says Michigan Battery Plant at Risk If Tax Credits Are Cut
The legislative risks mark the latest potential hurdle for a plant Ford announced in 2023 that was originally intended to produce enough batteries for 400,000 EVs.
Photo: iStock / BalkansCat
U.K. Trucking Association Accuses Truck Makers of Delaying Legal Redress
In 2016, DAF, Volvo, MAN and Iveco, were fined about €3 billion by the European Union for colluding for 14 years on pricing.
Photo: iStock.com/yevtony
GM Halts Efforts to Export Cars to China
GM's efforts to export cars into the Chinese market started in 2024, as part of an initiative known as the Durant Guild.
Photo: iStock / JHVEPhoto
Nervous U.S. Consumers Adjust Spending Habits
KPMG's survey respondents indicated plans to hold off on some major purchases and scale back in other areas of their lives in order to not accumulate debt.
Photo: iStock/andreswd
Report: Nissan to Cut 15% of Global Workforce
Nissan’s crisis is in danger of getting even worse after the company warned shareholders in April that it will see a net loss on restructuring costs of as much as ¥750 billion ($5 billion).
Photo: Bloomberg
U.K.-Made Plane Parts Exempted from U.S. Tariffs
The deal would be a relief to a £40 billion ($53 billion) sector, which supports 450,000 jobs in the U.K.
Photo: Rolls-Royce
Toyota Says Two Months of Tariffs Will Hit Profits by $1.3B
Although Trump has paused an across-the-board 24% percent tax on imports from Japan until early July, tariffs of 25% on automobiles and auto parts are already hurting the country’s main exports to the U.S.
Prague, Cazech Republic. Photo: iStock.com/josefkubes
Ford Braces for $1.5B Hit from Tariffs in 2025
Nearly 80% of the vehicles Ford sells in the U.S. were assembled in the country, but many models rely on a range of imported components.
Photo: iStock / BalkansCat
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