According to foreign media reports, Canadian Prime Minister Mark Carney promised to set up a $2 billion “strategic response fund” to support Canada’s automobile manufacturing industry and strengthen the supply chain system threatened by U.S. tariffs. Mark Carney made this commitment less than two weeks after taking office as Prime Minister of Canada, emphasizing that the Canadian government will cooperate with the automotive industry to strive to build a “all Canada” automotive parts network, increase the proportion of local automotive parts production, and reduce the number of automotive parts that need to cross the […]
According to Reuters, on March 26, U.S. President Trump announced that he would impose a 25% tariff on imported cars and light trucks from next week. “We will impose a 25% tariff on all non-US-made cars,” Trump said, further exacerbating the global trade war that has sparked since his return to the White House this year. Automotive industry experts expect this policy will lead to higher vehicle prices and hinder vehicle production. Trump sees tariffs as a tool to “increase revenue to offset his promised tax cuts and revive the long-term recessional U.S. industrial base.” […]
According to foreign media reports, on March 24, US President Trump said that the US tariff policy on automobiles will be officially introduced soon. However, he also hinted that the tariffs previously claimed to be imposed will not all be implemented from April 2, and some countries are expected to receive tariff reductions, but no details were disclosed. Trump’s statement has given the market, which has been turbulent for weeks due to tariff issues, and Wall Street believes that this is an important signal that the Trump administration has shown flexibility on tariff issues. […]
According to foreign media reports, international automakers are racing against time to ship cars and core components to the United States to rush ahead of the next round of tariffs announced by US President Trump in April, as a new round of tariffs may cause serious damage to the automobile supply chain. According to industry sources, at the request of automakers, several ships carrying cars have been sent to Asia and Europe, with the number of cars planned to ship to the United States “thousands” more than usual. […]
According to foreign media reports, Thailand is working hard to provide guarantees for pickup loans recently. Pickup trucks occupy a key position in Thailand’s auto manufacturing industry, which Thailand has taken to boost the downturn in the auto industry, with production falling to its lowest level in four years in 2024. Before the Bangkok International Auto Show on March 26, the Thai government announced that it would provide a support program worth 5 billion baht (about 147.8 million US dollars) over the next seven years. “The plan will reduce credit risks and […]
According to foreign media reports, Swedish driverless truck startup Einride is discussing with banks about listing on the U.S. stock market later this year. Einride’s major shareholders include private equity firm EQT and US investment management firm Capital Group, which may be listed as early as this fall, people familiar with the matter said. With the market’s strong interest in autonomous driving and artificial intelligence technologies, the company is also seeking to raise at least $200 million in a round of financing ahead of its IPO. The financing could […]