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 […]
According to a statement released on February 26, the Italian Agnelli family is selling about 3 billion euros ($3.15 billion) of shares in Ferrari Auto through its controlling investment company Exor NV. However, even after selling 7 million common shares of […]
According to foreign media reports, on February 26, Stellantis Chairman John Elkann said in a conference call with analysts that the Trump administration should avoid imposing 25% import tariffs on Mexican and Canadian products, but instead impose tariffs on imported cars that do not contain any U.S. […]
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 […]
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 […]
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 […]