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 […]
According to foreign media reports, on March 18, Eric Nicholl, executive director of the Vancouver International Auto Show, said that Tesla’s qualifications for exhibitions have been cancelled due to safety concerns. Eric Nicholl said in a statement that the auto show organizers asked Tesla to withdraw mainly for the safety of staff, visitors and exhibitors. “This decision allows all exhibitors to devote themselves to the auto show,” the statement said. Nicholl also said that the organizer of the auto show previously gave Tesla “a chance to voluntarily withdraw […]