US agrees to cut South Korean import tariffs to 15%
The US government has agreed to lower tariffs on many South Korean imports, including vehicles, to 15%, following protracted negotiations…
Trump Tariffs
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Porsche to intensify cost-cutting measures as tariffs bite
Porsche is reportedly set to intensify its cost-cutting efforts as the luxury car manufacturer faces headwinds from declining sales in…
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GM to invest US$4 billion to increase US output
General Motors (GM) announced it plans to invest around US$ 4 billion in the next two years to strengthen its…
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Tesla loses $150bn in market value amid Trump-Musk feud
Tesla experienced a market value loss on Thursday, with shares plunging 14%, translating to a staggering $150bn wiped from the…
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Tesla to resume Chinese parts shipment for Cybercab and Semi truck – report
Tesla plans to resume shipping components from China to the US for Cybercab and Semi truck production by the end…
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Honda braces for $3bn tariff impact on profits
Japanese automaker Honda Motor anticipates a substantial Y450bn ($3bn) impact on its full-year profit as a result of US President…
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Mitsubishi, Nissan step up collaboration in US
Mitsubishi Motors Corporation last week revealed it is exploring opportunities to jointly produce SUVs in the US with Nissan Motor…
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BMW anticipates US car tariffs reduction from July
BMW anticipates a reduction in US car tariffs starting July, based on discussions with US officials, offering an optimistic view…
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Ford price hike on Mexico models reflect tariffs impact – report
Ford Motor has announced a price increase on several models produced in Mexico, attributing the hike to the recent US…
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Ford suspends outlook over $1.5bn tariff toll
Ford Motor has suspended its annual guidance, citing uncertainty surrounding US President Donald Trump's tariffs, reported Reuters. The company expects…
