auto industry

 
 

US jobs report shows room to run as trade war threatens gains

NEW YORK, July 7 — There’s still more room to run for America’s labour market, just as a trade war threatens the outlook for the world’s largest economy. Job gains of 213,000 in June topped projections, Labour Department figures showed…


Curbs on Chinese investment could hit Detroit and Silicon Valley

DETROIT, July 6 — US President Donald Trump’s threat to block Chinese investment in US companies could be trouble for a number of American automotive and technology companies using Chinese funds to develop electric and self-driving cars and…


Tesla finally hits Model 3 target, turns focus to sustainability

WASHINGTON, July 2 — Tesla Inc reached a milestone critical to Elon Musk’s goal to bring electric cars to the masses — and earn some profit in the process — by finally exceeding a long-sought production target with the Model 3. By building…


Car companies, parts makers urge US to abandon tariff plan

SOUTHFIELD, July 2 — Canadian auto parts maker Magna International Inc has joined a chorus of automotive companies urging the US not to impose tariffs on their products. The proposed tariffs would negatively affect both the US and Canada, cut…


EU said to see nearing trade breakdown as it seeks rules revamp

BRUSSELS, June 24 — The global trade war is about to get worse, as the rules-based system of international commerce is poised to revert to an environment where the strong impose their will upon the weak, according to an internal memo circulated…


Trump threatens 20pc tariff on all imported EU cars

WASHINGTON, June 22 — US President Donald Trump threatened today to impose a 20 per cent tariff on cars imported from the European Union, after the bloc’s additional tariffs on dozens of American products took effect. “Based on the Tariffs and…


The toll of Trump’s trade war: Damage to more than just Daimler

MUNICH, June 22 — Over the past three decades, the global auto industry has gotten, well, more global. Manufacturers built scores of factories outside their home countries to reduce exposure to currency swings, take advantage of cheaper labour and…


GM building Chevy Blazer in Mexico risks provoking Trump’s ire

NEW YORK, June 22 — Just as US President Donald Trump is threatening tariffs on imported autos, General Motors Co plans to resurrect the Chevrolet Blazer, this time as a sleeker sport utility vehicle — made in Mexico. The new mid-size model —…


SE Asia stocks most lower on trade woes, Philippines falls over 2pc

NEW YORK, June 22 — Most South East Asian shares traded on a weak note on Friday as investors assess the likely fallout of a global trade spat on corporate earnings, with the Philippines continuing its dismal run with an over 2 per cent fall in…


Volvo opens US plant in timely hedge against trade spat

NEW YORK, June 20 — When Volvo Car Group broke ground on its first US assembly plant in 2015, it was a proud step in the Swedish automaker’s rebound and global expansion, not a chess move in anticipation of a possible trade war. Now that the…