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 out at the US Chip and Science Act, calling it a “extremely bad bill.” He urged U.S. House Speaker Mike Johnson to repeal the bill and recommended that the remaining funds be used to reduce debt or any other aspect. Trump’s remarks sparked applause in the U.S. Congressional Hall, […]
According to foreign media reports, Mercedes-Benz said on March 4 that it has won the consent of the Labor and Industrial Commission and will provide employees with voluntary resignation compensation plans and cut the original plan salary increase by half. This is part of a broader cost-cutting move by Mercedes-Benz to boost profitability. Mercedes-Benz declined to say how many jobs it would cut, but said workers in production jobs would not be affected and ruled out the possibility of forced layoffs. In addition, management has agreed to extend the work guarantee period until the end […]
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 year-on-year decline. Tesla’s car sales in Europe in January fell by about 50% year-on-year. This downward trend continues Tesla’s decline since last year and seems to be accelerating in 2025 due to a variety of factors, including the entry into politics by Tesla CEO Elon Musk and the update […]
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 on February 1 requires the U.S. to impose a 25% tariff on most products imported from Canada and Mexico, and a 10% tariff on Canadian energy products such as crude oil, natural gas and uranium. “Canada will not sit idly by the unjust decision,” Canadian Prime Minister Justin Trudeau […]
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 a note that the Stellantis group, which owns brands such as Jeep, Ram, Chrysler and Dodge, may import about 417,000 cars to the United States this year from Mexico and Canada. Dean estimates that Stellantis’s €3.44 billion in revenue and Volkswagen’s €1.77 billion in revenue will be at risk if the company does not take […]
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%. In February, U.S. consumers demand for Ford hybrids was strong, with sales rising 27.5% year-on-year to 15,357 units; consumer demand for pure electric vehicles rose 15% to 7,326 units. Among them, Mustang Mach-E became the highlight, with 3,312 units sold in the United States in February, a year-on-year […]