US Tariffs Backfire on GM and Stellantis with Billions in Losses
Major US automakers GM and Stellantis report billions in tariff-related losses as Citibank warns of further margin squeezes.
AutoIndustry
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U.S. Automakers Feel the Pinch of Tariffs
Tariffs meant to boost U.S. manufacturing are squeezing automakers, driving up costs and delays across supply chains—and potentially reshaping the future of the auto industry.
BYD’s Ivan Cao: No Monopoly in Uzbekistan’s Electric-Car Market
BYD’s Ivan Cao says Uzbekistan’s automotive market is embracing electric and hybrid cars, fostering competition and pushing new energy vehicles past 15% market share.
Chinese Mainland Auto Manufacturing Shifts to Global Leader Gear
The Chinese mainland’s auto and components sector is evolving from ‘follower’ to ‘global leader,’ aiming to set new global benchmarks, says Xu Haidong.
Auto Giants Warn Rare-Earth Magnet Shortage Could Halt U.S. Assembly Lines
Major automakers warn a looming rare-earth magnet shortage from the Chinese mainland threatens critical car parts and risks US factory slowdowns or shutdowns.
Tesla’s $25K EV: Executives Challenge Musk’s Denial
Tesla executives confronted Elon Musk after he denied killing the much-anticipated $25K EV, leaving the mass-market model in limbo while rivals like BYD surge forward.
Slovak Ambassador Sees Auto Sector Driving Stable China–Europe Trade
Slovak Ambassador Peter Lizak highlights the auto industry’s role at the Ningbo Expo and anticipates a positive resolution in the Chinese mainland–Europe electric vehicle dispute.
BYD Overtakes Tesla in Europe April EV Sales
Chinese automaker BYD surpassed Tesla in Europe for the first time, selling 7,231 EVs in April versus Tesla’s 7,165 amid a 169% surge.
Madrid Machine Tool Maker Sees 35% Output Hit by U.S. Tariffs
Madrid’s Técnica del Decoletaje, with 60 years of history, faces 35% of its products hit by rising U.S. tariffs on EU goods.
Why China Became a Key Partner for Slovakia’s Automotive Industry
Slovakia leads the world in cars per capita, and Chinese mainland investors like Geely-owned Volvo and battery producer Gotion are driving tech upgrades and green growth in its auto sector.