Concerns over vehicle dependability have been raised by these recalls, and owners of impacted vehicles are being asked to act quickly. Hyundai, Kia, Honda, Fisker, and Stellantis (the parent company of Jeep) all issued significant recalls last week that affected thousands of cars due to safety hazards and technical concerns. Concerns over vehicle dependability have… Continue reading Why Hyundai, Kia, Honda, Fisker, And Jeep are recalling thousands of cars
Author: Economic Times of India Online News
GM and other US automakers would take big hit from Trump tariffs
GM, Stellantis and Ford declined to comment on Trump’s proposed tariffs. U.S. President-elect Donald Trump‘s plan to slap a 25% tax on all imports from Mexico and Canada could strike the bottom lines of U.S. automakers, especially General Motors, and raise prices of SUVs and pickup trucks for U.S. consumers. GM leads the automakers that… Continue reading GM and other US automakers would take big hit from Trump tariffs
Autos, food: What are the risks from Trump’s tariff threat?
Imposing tariffs “would also hurt US manufacturers,” said Dennis Darby of industry group Canadian Manufacturers & Exporters. Fresh US tariffs on Canada and Mexico could raise costs of automobiles and building materials, analysts said Tuesday, after President-elect Donald Trump threatened to erect new trade barriers. Similarly, further tariff hikes on China could add to consumer… Continue reading Autos, food: What are the risks from Trump’s tariff threat?
Trump tariffs would harm all involved, US trade partners say
The tariffs could also prompt an early renegotiation of the USMCA, ahead of the planned 2026 review, trade experts said. Officials from Mexico, Canada and China and major industry groups warned that U.S. President-elect Donald Trump‘s threat of hefty tariffs on goods would harm the economies of all involved, cause inflation to spike and damage… Continue reading Trump tariffs would harm all involved, US trade partners say
Rupee to open a tad weaker tracking Asian peers, US inflation data eyed
With the inflow out of the way, traders expect the rupee to consolidate between 84.20 and 84.50 in the near term, although with a slightly negative bias. The Indian rupee is expected to open slightly weaker on Wednesday, tracking declines in most of its Asian peers, with traders awaiting U.S. inflation data due later in… Continue reading Rupee to open a tad weaker tracking Asian peers, US inflation data eyed
Dana Inc. appoints R Bruce McDonald as new Chairman and CEO
R Bruce McDonald has been appointed Chairman and CEO of Dana Incorporated, succeeding James Kamsickas, who is retiring after nine years. This leadership change is effective immediately, with Kamsickas remaining as an advisor until March 2025. McDonald, a current Dana board member, brings extensive automotive and manufacturing experience to the role. The Board will conduct… Continue reading Dana Inc. appoints R Bruce McDonald as new Chairman and CEO
Auto industry’s shift toward EVs is expected to go on despite Trump threat to kill tax credits
EVs that contain battery parts or minerals from China or any other nation that is deemed an economic or security threat to the United States qualify for only half the federal credit. If President-elect Donald Trump makes good on his threat to kill federal tax credits for electric vehicle purchases, it’s likely that fewer buyers… Continue reading Auto industry’s shift toward EVs is expected to go on despite Trump threat to kill tax credits
US rejects bid to rethink new automobile automatic emergency braking rules
Bozzella wrote to President-elect Donald Trump urging him to reconsider the regulation. The U.S. National Highway Traffic Safety Administration said on Monday it will not reconsider a landmark rule finalized in April requiring nearly all new cars and trucks by 2029 to have advanced automatic emergency braking systems. The Alliance for Automotive Innovation, representing General… Continue reading US rejects bid to rethink new automobile automatic emergency braking rules
How Trump Could Upend Electric Car Sales
Sales of electric cars have slowed in 2024, yet these cars have never been more popular: Americans bought a record 346,000 such models in the third quarter, according to Kelley Blue Book. Sales are up 9% in the first nine months of the year. Many car buyers have come to rely on a USD 7,500… Continue reading How Trump Could Upend Electric Car Sales
Tesla racked up greenhouse emissions credits in 2023 as other automakers lagged
Excluding Tesla, automakers generated a deficit of 43.5 million credits in 2023. By contrast in 2022, the industry earned a total of 3 million credits, led by Tesla’s 19.1 million credits. Tesla generated nearly 34 million metric tons of greenhouse gas credits in the 2023 model year by selling electric vehicles, as the auto industry… Continue reading Tesla racked up greenhouse emissions credits in 2023 as other automakers lagged