US Retail, Auto & Tech Giants Warn of Profit Shocks Amid Tariff War
US retail, auto and tech giants warn of profit shocks as tariffs drive up costs – Apple sees $900M hit, GM up to $5B at risk amid trade tensions.
AutoIndustry
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German Auto Industry Leader on U.S. Tariffs: Losses for All at Shanghai Show
At Shanghai Auto Show, German auto chief Müller warns U.S. tariffs squeeze manufacturers and consumers alike, urging negotiation-based solutions.
Bentley CEO: US Tariffs Prompt Luxury Buyers to Hit Pause
Bentley CEO Frank-Steffen Walliser warns high US tariffs and market unpredictability are leading luxury buyers to delay orders.
Toyota Commits $2B to New EV Plant in Shanghai
Toyota signs a 14.6 billion yuan deal to build an EV plant in Shanghai’s Jinshan District, aiming for 100,000 Lexus EVs per year from 2027.
Trump Halts Auto Tariffs Amid Stalemate with Prime Minister Trudeau
President Trump pauses auto tariffs on Canada and Mexico, granting a one-month exemption amid stalled talks with Prime Minister Trudeau over fentanyl concerns.
U.S. Imposes 25% Tariffs on Canadian Goods: Auto Sector Hit Hard
The U.S. is set to impose 25% tariffs on Canadian goods starting March 4, with the auto industry expected to suffer the most significant impact.
US Beverage and Auto Giants Navigate 25% Tariff Challenges
US steel and aluminum tariffs spark concerns for Coca-Cola, Ford, and global supply chains as businesses brace for potential price hikes and operational shifts.
EU Unveils Action Plan to Propel Europe’s Auto Industry into the Future
The European Commission launches a strategic dialogue and action plan to tackle key challenges in the auto industry, focusing on clean energy and regulatory modernization.
Future of EVs Takes Center Stage at Detroit Auto Show
The Detroit Auto Show highlights the future of EVs, showcasing rising sales in China, declining numbers in Germany, and slowed growth in the U.S. market.
Chinese Mainland’s New-Energy Car Sales Soar to 1.27M in November
China’s new-energy car market sees a significant surge in November, with sales reaching 1.27 million units and a penetration rate of over 52%.