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Toyota braces for a tariff bill of nearly $10 billion but still expects to deliver big profits and is even planning a new assembly plant in Japan despite the trade tensions.
Sectoral tariffs of 27.5 percent remain in place and place a significant burden on German automakers and automotive suppliers, the VDA said.
The partnership for five vehicles including an electric van will help GM and Hyundai battle growing competition from Chinese EV manufacturers.
Workers at Stellantis are in danger of seeing their bonuses drop from nearly $14,000 last year to nothing for the first time since 2010.
Balaji is CFO at JLR owner Tata Motors, giving him full knowledge of the issues facing its U.K. subsidiary, which accounts for 71 percent of its Indian parent's revenue.
Unifor President Lana Payne said Ottawa's refusal to accept a bad deal ahead of the Aug. 1 deadline was the right move. Now, Canada must up the pressure on Washington, she said.
The automaker plans to break ground on Canada's largest single automotive investment in the coming months, despite U.S. tariffs and choppy North American EV sales.
Electric vehicles are becoming a drag on Honda earnings, compounding the profit hit from tariffs as the Japanese carmaker hustles to shift vehicle and production strategies.
Honda said increased production in the U.S. will help blunt impacts of tariffs. The move comes after Honda's quarterly profits fell 50%.
Honda, amid billions of dollars in lost profits from tariffs and disappointing EV investments, delivered some good news for U.S. stakeholders today.
The Trump administration in June said it would move faster on self-driving exemption requests to deploy up to 2,500 self-driving vehicles.
The “Model T moment” that Ford Motor Co. CEO Jim Farley has promised will involve a line of affordable electric vehicles assembled in Kentucky with batteries from a new plant in Michigan, according to ...