News
Auto groups urge Trump to extend trade deal with Mexico, Canada
7+ hour, 54+ min ago (390+ words) WASHINGTON, May 7 (Reuters) " Major auto trade groups on Thursday urged the Trump administration to extend a free trade deal with Mexico and Canada, saying it was crucial for U. S. vehicle production "as North America faces competition from Asia and Europe. The…...
Daimler Truck hit by US tariffs and weak North American demand | The Mighty 790 KFGO
2+ day, 5+ hour ago (237+ words) May 6 (Reuters) " Daimler Truck's first-quarter operating profit more than halved, hit by historically weak demand and import tariffs "in its North American market, the "German company said on Wednesday. The performance reflected a sharp slowdown in North America, where sales…...
Argentina's auto parts industry feels the pain from Milei's shock therapy
2+ day, 23+ hour ago (762+ words) BUENOS AIRES, May 5 (Reuters) " Inside a small, family-run auto parts plant on the outskirts of Buenos Aires, production lines sit quiet. The factory is running below capacity as the firm, Suspenmec, struggles to compete with an influx of cheaper imported…...
Audi fears "significant" tariff impact ahead of SUV launch in US
3+ day, 2+ hour ago (297+ words) BERLIN, May 5 (Reuters) " A looming U. S. tariff hike would have a "significant" impact on German premium carmaker Audi as it pushes ahead with plans to "launch its largest SUV in the U. S. this "summer, finance chief Juergen Rittersberger said on Tuesday. U. S. President…...
Italy's Pirelli buys 30% of Sweden's Univrses to boost AI tyre tech
1+ week, 1+ day ago (218+ words) April 29 (Reuters) " Italian tyremaker Pirelli on Wednesday signed a partnership deal with Swedish company Univrses and acquired a 30% stake in "the firm, with an option to reach "a majority stake, to integrate AI-based computer vision technologies into its Cyber Tyre…...
Foreign automakers threaten to pull cheapest models from US without trade deal, WSJ reports
1+ week, 3+ day ago (43+ words) April 27 (Reuters) - Foreign automakers have warned the Trump administration that they could pull their cheapest car models from the U. S. market if "the U. S. -Mexico-Canada Agreement (USMCA) is not renewed or is watered down, the Wall Street Journal re. .....
Volkswagen's first-quarter deliveries drop 4% on weak China, US
3+ week, 4+ day ago (252+ words) BERLIN, April 13 (Reuters) " Volkswagen reported a 4% fall in global deliveries in the first three months of 2026, as "weak demand in China and the U. S. "weighed on the German automaker. The group is battling to stem losses in key overseas markets, facing…...
Kia boosts investment plan by 30% over the next four years; shares fall
4+ week, 2+ hour ago (279+ words) SEOUL, April 9 (Reuters) " South Korean automaker Kia Corp plans to boost its investment plan over the next four years by 30% to boost "vehicle electrification, software and other new businesses, "according to an investor presentation on Thursday. The company plans to…...
Volkswagen CEO tells newspaper German carmakers should look to Chinese planning
1+ mon, 2+ week ago (153+ words) BERLIN, March 22 (Reuters) " Germany's car industry could learn from China's disciplined industrial planning, "Volkswagen CEO Oliver "Blume said in an interview released on Sunday, as the automaker pushes ahead with deep restructuring to "stay "competitive. "The Chinese proceed "in a…...
Fully electric vehicle sales in EU overtake petrol for first time in December
3+ mon, 1+ week ago (299+ words) Jan 27 (Reuters) " Fully electric car sales in December overtook petrol for the first time in the European Union, even as policymakers proposed to loosen emissions "regulations, data showed on Tuesday. U. S. battery-electric brand Tesla continued to lose market share to competitors…...