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Automotive: Page 17
U.K. Automaker Resuming Production After Cyberattack
Meanwhile, the U.K. government said it will underwrite a £1.5 billion ($2.02 billion) loan guarantee to JLR in order to support its suppliers.
U.S. to Impose Tariffs on Heavy Trucks, Kitchen Cabinets
The new duties threaten an industry already squeezed by tariffs on steel and aluminum imports, as well as tighter environmental regulations that have driven down demand for heavy- and medium-duty vehicles.
U.S. Lowers Tariffs on EU Autos to 15%, Cementing Trade Deal Terms
The order will help to further ease tensions between Washington and Brussels, as the two sides work through implementing the details of their trade deal.
Volvo to Rejig U.S. Business in Response to Tariffs, Customer Demand
The fourth vehicle announced on September 23 will be a newly designed hybrid, reflecting the popularity of that technology in the United States while avoiding tariffs.
Canada, Mexico Pledge Coordination on Trade Pact Review With U.S.
Carney and Sheinbaum announced what they dubbed “the new Canada-Mexico Action Plan” while stressing opportunities to grow bilateral trade in infrastructure, energy and agriculture.
Trump Tariffs Stall Japanese Exports to U.S.
Shipments of automobiles from Japan to the U.S. fell by more than 28% in August, mirroring an almost identical year-over-year dip in the previous month.
Ford to Slash 1K Jobs from EV Factory in Germany
Ford blamed a lower-than-expected demand for EVs in Europe on a lack of government incentives to buy the vehicles, and limited investments in sufficient charging infrastructure.
Jaguar Land Rover Production Remains Crippled by Cyberattack
Suppliers, many of whom are small and medium sized businesses, have said they simply do not have the financial resources to cope with an extended shutdown.
South Korea Questions U.S. Investments after ICE Raid at Georgia Plant
South Korea's president called the situation "extremely bewildering," and noted that it's common for South Korean companies to send their workers to other countries to help set up factories overseas.
Mexico Plans Tariffs of 50% on Chinese Cars, Steel, Textiles
The move to increase tariffs is aimed at protecting local industry, but it also serves to appease the U.S., Mexico’s largest trade partner.
U.S. Raid on Hyundai Plant Leaves Korean Companies Reeling
LG Energy Solution has tentatively decided to postpone the start of its EV battery plant with Hyundai in Georgia, according to a report from the Korea Economic Daily.
Volkswagen Courts Trump Administration for Tariff Deal
VW is reportedly close to an agreement with the U.S. that would bring tariffs for the company under 15%, in exchange for sizable manufacturing investments in the country.
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