He has defended the decision, telling parliament on Monday that Japan decided to forgo a written statement for fear that producing one could delay the reduction in tariffs. Japan pressed the United States to swiftly implement an agreed cut to auto tariffs and sought clarification on levies for other goods, as conflicting interpretations of the… Continue reading Japan presses US on auto tariff cut, seeks clarification on other levies
Author: Economic Times of India Online News
Ford delays electric pickup, van to 2028 as it chases smaller, affordable options
Ford is laying out plans for some of its upcoming EV models and technology August 11 at an event in Kentucky, Farley said. Ford Motor is delaying the launch of two next-generation electric vehicles as it shifts its focus to smaller and more affordable models, the company said on Thursday. The automaker said it recently… Continue reading Ford delays electric pickup, van to 2028 as it chases smaller, affordable options
Honda’s US sales rise, but tariff eats into profit
Honda’s quarterly profit halved as 25% US tariffs hit vehicle exports, the company said Wednesday. Honda’s profit in the last quarter was half of what it was a year earlier, the company said Wednesday, as automakers were hit by 25 per cent tariffs on vehicle exports to the United States. The Japanese automaker reported Wednesday… Continue reading Honda’s US sales rise, but tariff eats into profit
China rare earth exports slid in July after hitting peak in prior month
China’s rare earth exports dropped 23% in July after June’s record high, though limited data makes it hard to gauge Beijing’s shipment strategy. Rare earth exports from China slumped 23 per cent in July after hitting a record a month earlier, customs data showed on Thursday, although the preliminary data is too incomplete to draw… Continue reading China rare earth exports slid in July after hitting peak in prior month
Japan presses US on auto tariff cut, seeks clarification on other levies
Japan urges U.S. to swiftly implement agreed auto tariff cuts amid trade deal confusion, as Tokyo seeks clarity to ease pressure on PM Shigeru Ishiba’s embattled administration. Japan pressed the United States to swiftly implement an agreed cut to auto tariffs and sought clarification on levies for other goods, as conflicting interpretations of the bilateral… Continue reading Japan presses US on auto tariff cut, seeks clarification on other levies
Toyota Mobility Foundation unveils finalists for $3 mn challenge to tackle crowd management in Varanasi
The pilots will be evaluated for long-term impact and scalability, with final implementation grants to be awarded in 2026. The Toyota Mobility Foundation (TMF) has announced five finalists for its $3 million Sustainable Cities Challenge, aimed at transforming crowd management in the historic city of Varanasi. The finalists will each receive $130,000 to pilot their… Continue reading Toyota Mobility Foundation unveils finalists for $3 mn challenge to tackle crowd management in Varanasi
Stricter rules likely to curb substandard steel imports
India plans stricter norms for advance authorisation of steel imports amid rising concerns over substandard, non-BIS compliant material entering the domestic market. India plans to tighten the advance authorisation norms for steel imports, aiming to curb large-scale inflows of substandard inputs. According to officials aware of the development, instances of non-Bureau of Indian Standards (non-BIS)… Continue reading Stricter rules likely to curb substandard steel imports
Honeywell, Stereolabs introduce mobile solution for logistics measurement
Honeywell and Stereolabs team up to launch AI-powered mobile tool for measuring box and pallet dimensions in warehouses. Nasdaq-listed Honeywell and 3D vision and AI perception firm, Stereolabs, have partnered to develop a new mobile solution that allows logistics operators to measure the size, volume, and weight of boxes and pallets within distribution centres. According… Continue reading Honeywell, Stereolabs introduce mobile solution for logistics measurement
India hits back at US tariff hike: PM Modi says nation will not compromise on farmers’ interests
Prime Minister Narendra Modi Prime Minister Narendra Modi on Thursday issued a firm yet indirect response to US President Donald Trump’s latest tariff escalation on India, stating that the country will ‘never compromise’ on the interests of its farmers, fishermen, and dairy producers, reported Times of India. “For us, the interest of our farmers is… Continue reading India hits back at US tariff hike: PM Modi says nation will not compromise on farmers’ interests
Auto retail sales skid 4.3% after three months in July with 19,64,213 units
Passenger vehicle (PV) sales were down by 0.81 per cent year-on-year at 3,28,613 units. PV sales were reported at 3,31,280 units in the same time period last year. India’s automobile retail sales fell by 4.31 per cent year-on-year in July 2025, marking the end of a three-month growth run, as per data from the Federation… Continue reading Auto retail sales skid 4.3% after three months in July with 19,64,213 units