auto industry

 
 

China to relax foreign ownership limits on cars, other industries

BEIJING, April 17 — China announced today a timeline to open up its manufacturing sector including scrapping ownership limits for foreign automakers, shipbuilders and aircraft firms — addressing a contentious issue in its trade dispute with…


Trade war backfire: Steel tariff shrapnel hits US farmers

KANE COUNTY, April 13 — Lucas Strom, who runs a century-old family farm in rural Illinois, cancelled an order to buy a new US$71,000 (RM275,000) grain storage bin last month — after the seller raised the price 5 per cent in a day. The…


Trump threatens endless Nafta talks amid walk-back on autos

WASHINGTON, April 13 — Donald Trump says he’s willing to “renegotiate forever” on Nafta, a threat that comes as his trade office again softens its marquee demand for changes to the auto sector. The president, speaking yesterday at the…


Germany prepares for next round of efforts to prop up diesel

BERLIN, April 10 — Germany is preparing to take another run at shoring up diesel as it seeks to balance efforts to improve urban air quality with concerns about lost jobs from the technology’s decline. Transport Minister Andreas Scheuer…


Alibaba-backed carmaker aims to raise more than US$1.6b

SHANGHAI, April 10 — Xiaopeng Motors, the Chinese car startup that’s backed by Alibaba Group Holding Ltd and Foxconn Technology Group, plans to raise more than 10 billion yuan (approx. RM6.2 billion) this year in a bid to take on rivals in the…


Tesla makes last-ditch Model 3 deliveries as pressures mount

PALO ALTO, April 2 — With pressure escalating after one of the worst weeks in its almost 15-year-history, Tesla Inc raced to manufacture and deliver its mission-critical Model 3 sedan to burnish the numbers it’s about to report to rattled…


Nissan, Renault said in merger talks as alliance deepens

TOKYO, March 30 — Renault SA and Nissan Motor Co are in talks to merge, seeking to solidify their two-decade-old alliance under a single stock as an unprecedented shift toward electric and shared cars transforms the industry, people with…


Trump suspends metal tariffs for key US trade partners

WASHINGTON: US President Donald Trump authorized the suspension of controversial tariffs on steel and aluminium imports from key trade partners including the European Union. Trump shocked the world with his sudden announcement earlier this month of a 10-per cent levy on aluminium and 25-per cent tariff on steel, angering Washington’s closest allies, which swiftly demanded […]


Trump threatens EU auto industry over bloc’s trade war retaliation

WASHINGTON, March 4 — US President Donald Trump yesterday threatened a tax on cars from the European Union if it enacts retaliatory measures in response to his announced plans for tariffs on imported steel and aluminium. “If the EU wants to…


Trump’s steel shock drives wedge into sluggish Nafta talks

MEXICO CITY, March 2 — Negotiators trying to rework the Nafta trade deal yesterday were hit by the prospect of conflict over US steel tariffs that could complicate carmaking in North America, one of the most sensitive issues at the talks. US…