Automakers

Trump Backs Off on New Tariffs, Easing Pressure on Automakers

5 hours ago

In a significant development for the automotive industry, former President Donald Trump announced a temporary halt to potential reciprocal tariffs aimed at foreign automakers, a decision that could reduce financial strain on the sector. The tariffs, initially threatened in response to European Union levies on U.S. products, had raised concerns among industry leaders about economic repercussions that could follow.

Japan's Automakers in Turmoil: Shares Plummet Amidst Trump’s Proposed Auto Tariffs

7 days ago

In a significant blow to the Japanese automotive sector, shares of major car manufacturers have seen a sharp decline following the announcement of proposed auto tariffs by former President Donald Trump. This decision has sent shockwaves through the industry, raising concerns about the profitability and operational strategies of these global car makers.

The Growing Concern Over European Carmakers' Dependence on US and China Technology

9 days ago

In a recent statement, Mercedes-Benz has voiced an alarming concern regarding the automotive industry's increasing reliance on technology from the United States and China. This reliance poses significant risks for European manufacturers as they navigate an ever-changing global market. The comments were made during a press briefing where Mercedes outlined its strategic outlook amidst the competitive landscape, particularly in the electric vehicle (EV) sector.

Automakers Face Long Road to Relocate Factories Despite Tariff Easing

27 days ago

In an environment of fluctuating trade policies, automakers are bracing for a prolonged and complex journey as they adjust their manufacturing bases to accommodate recent tariff relief. Despite the promise of a less encumbered trade landscape, experts indicate that the necessary adjustments to factory locations may take several years to implement effectively.

Honda and Nissan's Ambitious Merger Plan Faces Unexpected Challenges

2 months ago

Honda Motor Co. and Nissan Motor Co., two of Japan's largest automotive manufacturers, appear to be facing significant hurdles as their proposed merger discussions unravel. What was once a hopeful prospect for collaboration and synergy has turned contentious, raising concerns about the future direction of both companies.

Nissan Scraps Plans to Merge with Honda, Nikkei Reports

2 months ago

In a significant shift in the automotive industry, Nissan Motor Co. has reportedly decided to abandon its plans to merge with Japanese rival Honda Motor Co. This decision, as reported by Nikkei, comes amidst an ongoing reevaluation of strategies by both companies in an increasingly competitive market.

BYD Surges in Popularity, Overtaking Toyota to Become Singapore's Top Car Brand

2 months ago

In a remarkable shift within Singapore's automotive market, BYD, the Chinese electric vehicle manufacturer, has outstripped the longstanding dominance of Toyota to emerge as the most popular car brand in the city-state. This milestone was achieved in 2023, illustrating the growing shift towards electric vehicles (EVs) as eco-conscious consumers increasingly seek alternatives to traditional combustion engines.

Electric Vehicle Sales Slow: How Automakers Are Adjusting Strategies

3 months ago

As we enter 2025, the electric vehicle (EV) market is witnessing a noticeable slowdown in sales, prompting major automakers to reevaluate their strategies. Following a vibrant surge in demand over the past few years, the once-booming sector is feeling the impact of various challenges, including supply chain disruptions, rising interest rates, and intensified competition.

Ford Chairman Assures that Musk-Trump Dynamics Won't Undermine Automaker Industry

3 months ago

In a recent statement, Bill Ford, the executive chairman of Ford Motor Co., addressed concerns regarding the impact of the relationship between Tesla's CEO Elon Musk and former President Donald Trump on the automotive sector. Ford's comments come amid rising interest in the intersection of politics and corporate strategy, particularly as the automotive industry navigates significant changes in regulations, technology, and consumer preferences.

Chinese Carmakers Face Profit Squeeze Amid Heightened Rivalry

3 months ago

In a rapidly evolving automotive market, Chinese car manufacturers are encountering significant pressure on their profit margins as competition intensifies. As more aggressive rivals enter the fray, industry leaders are scrambling to maintain their foothold while also investing heavily in innovation and electric vehicle technology.