According to Bloomberg, U.S. President Donald Trump said the 25% tariff imposed on Canada and Mexico will take effect on March 4 and announced an additional 10% tariff on products imported from China. This move will further exacerbate trade disputes between the United States and its major trading partners. Trump announced on February 3 that he would suspend the full imposition of tariffs on Canada and Mexico for one month as leaders of Canada and Mexico announced new border security measures. However, Trump’s recent remarks about whether these tariffs will be imposed after the […]
According to foreign media reports, on February 25, Suzuki’s Indian subsidiary Maruti Suzuki completed the first phase of construction and officially started production in the new Kharkhoda factory in Haryana, northern India. It is expected that the factory will become one of the largest passenger car manufacturing bases in Asia by 2028. The last time the India’s largest sales carmaker opened a new factory in India was in 2017, located in Gujarat, the hometown of Prime Minister Modi. Maruti Suzuki’s new factory will eventually accommodate four production units, each with an annual […]
According to foreign media reports, the U.S. General Services Administration (GSA), which manages the U.S. federal government-owned buildings, is planning to close about 8,000 electric vehicle charging piles nationwide, calling them “non-mission critical facilities.” As the agency responsible for managing government fleet contracts, GSA is also considering disposing of newly purchased electric vehicles. Official guidance on instructing federal staff to start closing the charging piles will be announced within the agency next week, according to a source with knowledge of the plans. Some regional offices have been notified to start closing their charging piles. Currently, […]
According to foreign media reports, US auto parts supplier BorgWarner plans to close two factories in Detroit and cut 188 employees, who came from the electric vehicle battery business unit that the company acquired four years ago. Two factories in Hazel Park and Warren will be closed, with job cuts starting April 14 and continuing until 7, according to a Worker Adjustment and Retraining notice submitted by BorgWarner to Michigan, where the factory is located. moon. The two factories are part of BorgWarner’s business in the production of buses, commercial vehicles, train engines and […]
According to foreign media reports, Tesla’s fully autonomous driving technology (FSD) may be delayed in the approval of China due to the risks of being involved in the escalating U.S.-China trade dispute. The Tesla FSD system can automatically realize the vehicle’s acceleration, steering, braking and lane change functions, but it still requires the driver to remain alert at all times and not leave the steering wheel with both hands. FSD is based on a machine learning system that trains algorithms through billions of hours of video data to make driving decisions in real time. […]
Wholesale data compiled by the Indonesian Automobile Industry Association Gaikindo shows that in January this year, Indonesia’s new car sales fell from 69,619 in the same period in 2024 to 61,843, a year-on-year decrease of 11%. Thanks to a slight increase in private consumption and slowing growth in Indonesia’s government spending and fixed investment, the Indonesian economy grew 5.0% year-on-year in the fourth quarter of 2024, slightly higher than the third quarter of 2024. In January this year, the Indonesian central bank raised the VAT rate from 11% to 12%, and further lowered the benchmark interest rate by 25 basis […]