Tariffs
Brazil-based subsidiaries of Taiwan-based memory and storage device manufacturer Adata, has put its export plans to markets such as the United States on hold, citing the 50% tariff hike on Brazilian products announced by U.S. President Donald Trump. The company is, however, ramping up investment in research and development
Motor vehicle drivers
UK drivers who own cars manufactured between 2001 and 2017 are subject to a tax alert after the Vehicle Excise Duty VED overhaul under the Labour Party. The system remains emissions-based for older cars, with some owners facing a £10 increase compared to 2024 rates. The tax changes have sparked
Tariffs
European stock markets surged to four-month highs after the EU and US announced a trade deal, but not everyone is celebrating the agreement. While the deal avoids a full-scale trade war, Brussels compromised on tariffs, committing $600 billion in investment to the US, and levying a 15% tariff on most
Tariffs
Audi, the German premium carmaker, announced a significant decline in net profit for the first half of 2025, primarily attributed to the impact of US auto tariffs that came into effect in April. The company's net profit fell to 1.35 billion euros, a 37.5 percent drop
Motor vehicle drivers
Malton motorists can now benefit from a £1,500 grant when purchasing the Volvo EX30, a fully electric SUV designed with safety and sustainability in mind. The grant is available immediately and can be redeemed through cash purchases, Volvo loans, and PCP finance options. This local initiative comes in response
Motor vehicle drivers
As part of its ongoing commitment to sustainability and innovation, Riverside Volvo Wakefield, based on Calder Park, has introduced a new £1,500 grant to support the growing demand for electric vehicles in Wakefield. The grant is specifically designed for customers purchasing the Volvo EX30, the company's smallest-ever
Tariffs
The European Union's recent trade deal with the United States, including 15 percent across-the-board tariffs, has been welcomed by Czech Industry and Trade Minister Lukas Vlcek as crucial stability and predictability for trade. The agreement, which has been touted as good news for Czechia's heavily export-dependent
Tariffs
The US-Japan trade agreement announced by President Donald Trump has sparked widespread criticism from Michigan automakers and the United Auto Workers (UAW) union. The deal, which lowers tariffs on Japanese auto imports while maintaining higher tariffs on American-made parts and steel, has been denounced by leaders from General Motors, Ford,
Batteries
The UK government's new grant scheme for electric vehicles (EVs) has sparked uncertainty among Western car manufacturers, particularly those with operations in Poland. The scheme, aimed at incentivizing the production of environmentally friendly EVs, rewards manufacturers with high scores for green production processes and "science-based targets"
Tariffs
President Trump's recently announced trade deal with Japan has sparked intense criticism from US automakers and the United Auto Workers union, who argue that the agreement gives Japanese automakers preferential treatment, putting American workers and the industry at a disadvantage. Despite the deal's potential benefits, critics
Batteries
The European Automobile Manufacturers' Association reported a 1.9% decline in new car registrations in the EU for the first half of 2025 compared to the same period in 2024. The decline in overall registrations was accompanied by a growth in electric car sales, with battery-electric cars capturing 15.
Tariffs
Industry Minister Mélanie Joly says the federal government is reassessing the level of its zero-emission vehicle sales requirement due to the auto sector's struggles, including falling electric-vehicle sales and imposed tariffs. The government aims to balance supporting the industry while meeting its climate change goals. Automakers, including Ford,
