Automakers are trying to reduce costs and consumers may delay buying new cars, resulting in a decrease in car production in North America by about one-third next week as U.S. President Donald Trump imposed 25% tariffs on Mexico and Canada, CNBC reported. According to […]
According to Bloomberg, U.S. President Trump demanded the end of a bipartisan-backed $52 billion semiconductor subsidy program that has prompted companies such as TSMC and Intel to invest more than $400 billion in the United States. On March 4, Trump lashed […]
According to foreign media reports, in February this year, Ford’s sales in the United States fell by 9% year-on-year. Although electrified models, including pure electric vehicles and hybrid vehicles, sales of fuel vehicles (ICEs), which account for more than 85% of delivered volumes, fell by nearly 13%. […]
According to foreign media reports, sales of US electric car maker Tesla in Europe continued to deteriorate in February this year. Data from the four markets that first reported sales – France, Norway, Sweden and Denmark, all showed that Tesla’s sales in February saw a significant […]
According to Bloomberg, the Canadian government announced a comprehensive counter-tariff plan for U.S. products after U.S. President Trump confirmed that the United States will begin imposing new tariffs on Canada and Mexico on March 4. The executive order signed by Trump […]
According to Bloomberg Intelligence, these tariffs imposed by Trump on Mexican and Canadian vehicles could reduce European automakers’ earnings by 5.88 billion euros (about $6.2 billion) this year. On March 4, Bloomberg Industry Research senior industry analyst Michael Dean wrote in […]