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News
GM union deal would invest C$1.1 billion in Canada auto factories amid US tariff pressure
5+ hour, 8+ min ago (464+ words) Aug 29 (Reuters) – General Motors plans to assemble a heavy-duty pickup at an Ontario plant as part of a tentative deal with a key union that would pump C$1.1 billion ($791.31 million) into Canada’s auto sector as it reels from U.S. tariffs,…...
Automakers thought Canada was getting a trade deal. Then tariffs doubled
3+ day, 12+ hour ago (596+ words) By Nora Eckert and David Shepardson DETROIT, Aug 26 (Reuters) – Just last week, automakers were hoping summer U.S.-Canada trade talks would deliver relief from Washington’s 25% tariffs that have raised the cost of shipping vehicles and parts across the border. Instead,…...
GM inks deal to guard against future parts-supply shocks
2+ week, 4+ day ago (209+ words) DETROIT, Aug 11 (Reuters) – General Motors said it has entered an agreement with a third-party inventory management company to ensure access to future supply of critical parts. The automaker said in a Tuesday regulatory filing that it has set up a…...
Ford to recall more than 565,000 US vehicles over engine compartment fire risk
1+ mon, 5+ day ago (128+ words) WNWN-FM Ford to recall more than 565,000 US vehicles over engine compartment fire risk July 24 (Reuters) – Ford is recalling 565,691 vehicles in the U.S. as the engine compartment wiring harness may become damaged and short circuit, the National Highway Traffic Safety…...
BMW shares slide after China weakness, Iran war prompt profit warning
2+ mon, 1+ week ago (274+ words) BERLIN, June 17 (Reuters) – BMW shares fell by more than 7% after the German automaker issued a profit warning late on Tuesday, with some analysts saying it signalled a broader strategic rethink. The premium carmaker blamed ongoing weakness in China and the…...
Argentina’s auto parts industry feels the pain from Milei’s shock therapy
3+ mon, 3+ week 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…...
Volvo Cars’ February-April sales volume down 10% year-on-year
3+ mon, 3+ week ago (176+ words) COPENHAGEN, May 5 (Reuters) – Sweden-based Volvo Cars sold 162,864 cars in the three months through April, down 10% from the same period a year earlier, it said on Tuesday. • China sales remained weak amid competitive and macro pressures, while U.S. deliveries continued…...
Tesla posts mixed April sales across Europe but overall rebound stays on track
3+ mon, 3+ week ago (548+ words) By Amir Orusov and Mathias de Rozario May 4 (Reuters) – New registrations of Tesla vehicles extended their recovery in several European markets in April, more than doubling in Sweden, France and Denmark while rising in the Netherlands but falling sharply in…...
Mexico announces support for its motor transport industry
5+ mon, 3+ day ago (146+ words) MEXICO CITY, March 26 (Reuters) – The Mexican government announced measures on Thursday to support the country’s motor transport industry, especially manufacturers and owners of heavy vehicles. The program includes tax incentives for local producers and also seeks to protect and promote…...