Tariffs
The European Union and the United States have agreed on a trade deal that imposes a 15-per-cent tariff on EU cars and other goods imported to the US. The deal, set to take effect on Friday, also includes a joint investment of US$600-billion and the purchase of US energy
Tariffs
The German car giant Volkswagen has revealed it has taken a £1.13bn hit in the first half of the year due to Donald Trump's US import tariffs. The company's operating result decline was primarily caused by high costs resulting from increased US import tariffs. Volkswagen,
Tariffs
India's auto industry is set to benefit from the recent free-trade pact with the UK, as the Comprehensive Economic and Trade Agreement (CETA) removes 18% duty on exports to the European nation. Domestic clean mobility market is also protected from concessions to the UK, with no preferential customs
Automobile industry
Elon Musk's vision for a futuristic company heavily reliant on autonomous driving software and self-driving taxis has not yet yielded significant revenue, with the car business remaining the sole source of profit. Despite Musk's assertion that Tesla will become the "most valuable company in the
Exports
The Thai automotive industry has shown mixed results in June 2025, with a slight increase in car production but a decrease in exports. According to the Federation of Thai Industries (FTI), 130,223 cars were produced in June 2025, a 2-month consecutive increase, while exports decreased. Electric cars were produced
Tariffs
US automakers General Motors Co., Ford Motor Co., and Jeep-maker Stellantis NV are concerned that President Donald Trump's trade deal with Japan will put them at a competitive disadvantage. The deal, which includes a 15% tariff on Japanese vehicles, would make US automakers face steeper import taxes on
Automobile industry
Tesla reported a 16% drop in net income during the April to June quarter compared to the same period last year, largely due to declining car sales. Amidst this challenge, CEO Elon Musk expressed optimism about the company's plans for autonomous vehicles, particularly robotaxis. A pilot program launched
Tariffs
General Motors' adjusted earnings and revenues declined in the second quarter, despite a significant increase in electric vehicle sales and signs of a recovery in its Chinese business. The US carmaker's profits were affected by a 25% tariff on foreign-made cars and other levies imposed by US
Tariffs
General Motors has posted a 35.4 percent drop in second-quarter profits, including a $1.1 billion hit from US-imposed tariffs, despite exceeding analyst estimates. The company's earnings report on Tuesday revealed revenues dipped 1.8 percent to $47.1 billion, while profits fell to $1.9 billion
Exports
Georgia's exports have experienced significant growth in the first half of 2025, with a total value of $3.2 billion, a 13 percent increase from the same period in the previous year. This surge in exports is largely attributed to the active re-export of passenger cars, which saw
Exports
Indian automobile exports have surged 22% year-on-year in the April-June quarter, driven by a record shipment of passenger vehicles and a robust growth in segments like two-wheelers and commercial vehicles. The trend marks a significant uptick in exports, with total shipments across segments rising to 14,57,461 units in
Electric vehicles
Leapmotor, a Chinese electric vehicle brand, has reduced its prices to match the UK government's new grant scheme, which aims to encourage consumers to purchase battery cars. However, it is uncertain whether Leapmotor's Chinese-built models will qualify for the grants, as they are subject to specific
