Tag #Auto Industry

Showing 61 to 72 of 171 results

theglobeandmail.com
🌐 85% Global Worthiness
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Trump's Tariffs on Steel and Aluminum to Hike Auto Industry Costs

President Trump's 25% tariffs on imported steel and aluminum, including auto parts, will significantly raise costs for the North American auto industry, prompting retaliatory tariffs from Canada and the European Union, potentially impacting global supply chains and leading to inflation and job losse...

Progress

56% Bias Score

Decent Work and Economic Growth
forbes.com
🌐 75% Global Worthiness
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Peak Demand for Large Trucks Raises Concerns for Auto Industry

A January report by Dave Cantin Group indicates peak demand for large pickup trucks and SUVs, which could negatively impact automakers' financial strategies and electric vehicle investments due to rising interest rates and trade tariffs.

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40% Bias Score

Responsible Consumption and Production
zeit.de
🌐 75% Global Worthiness
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VW Profit Plunges 31% Amid China Competition and Restructuring

Volkswagen's 2023 profit fell 31 percent to €12.4 billion due to intense China competition and high restructuring costs, including the Audi Brussels plant closure; the company is cutting its dividend and will reduce investment by €15 billion over the next 5 years but still aims for a 5 percent reven...

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28% Bias Score

Decent Work and Economic Growth
zeit.de
🌐 65% Global Worthiness
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Volkswagen Employees to Receive Full Bonus in 2024 Despite Cost Cuts

Volkswagen's 120,000 German employees will receive a full bonus this year despite cost-cutting measures, with the amount to be determined after the balance sheet presentation on Tuesday; however, starting in 2026, the bonus structure will change significantly, with a fixed payment of €2000 and the f...

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40% Bias Score

Decent Work and Economic Growth
usa.chinadaily.com.cn
🌐 85% Global Worthiness
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Trump Grants One-Month Tariff Exemption to US Automakers

President Trump granted a one-month tariff exemption to Ford, General Motors, and Stellantis on auto imports from Mexico and Canada, despite the March 4th implementation of a 25% tariff under the USMCA; reciprocal tariffs will resume April 2nd, potentially impacting jobs and GDP.

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40% Bias Score

Decent Work and Economic Growth
theglobeandmail.com
🌐 85% Global Worthiness
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US Tariffs Threaten to Shut Down North American Auto Industry

US President Trump's 25% tariffs on Canadian and Mexican auto parts, coupled with impending metal tariffs, threaten to cost the industry billions and cause widespread plant closures, prompting concerns from Linamar Corp. executive chair Linda Hasenfratz and industry leaders.

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60% Bias Score

Decent Work and Economic Growth
theglobeandmail.com
🌐 85% Global Worthiness
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Trump Threatens to Shut Down Canadian Auto Industry with New Tariffs

On Tuesday, President Trump threatened to impose substantial tariffs on Canadian cars, potentially crippling the Canadian auto industry, following Ontario's brief electricity export surcharge to the U.S., escalating existing trade tensions.

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60% Bias Score

Decent Work and Economic Growth
forbes.com
🌐 85% Global Worthiness
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Trump Tariffs Cripple North American Auto Industry

The Trump administration's fluctuating tariffs on goods from Canada and Mexico severely disrupt the auto industry's cross-border supply chains, costing hundreds of millions of dollars and halting future investments.

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48% Bias Score

Decent Work and Economic Growth
welt.de
🌐 75% Global Worthiness
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Ford Germany Receives €4.4 Billion Investment, Ends Debt Guarantee

Ford's German branch receives a €4.4 billion capital injection from its parent company, reducing its debt and ending a unique financial guarantee, while also investing several hundred million euros to boost business over the next four years; however, 2900 jobs will be cut in Cologne within three yea...

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40% Bias Score

Decent Work and Economic Growth
theglobeandmail.com
🌐 85% Global Worthiness
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UAW and Unifor Divided on Trump's Auto Tariffs

The United Auto Workers (UAW) union in the U.S. surprisingly supports President Trump's 25% tariffs on Canadian and Mexican auto parts, while the Canadian autoworkers' union, Unifor, opposes them, highlighting a split in the traditionally united front against free trade and potentially causing job l...

Progress

48% Bias Score

Decent Work and Economic Growth
npr.org
🌐 85% Global Worthiness
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Trump Grants Temporary Tariff Relief to US Automakers

President Trump temporarily exempted US automakers from tariffs on Canadian and Mexican imports until April 2nd, despite imposing them to curb illegal immigration and fentanyl, highlighting the influence of corporate lobbying on trade policy.

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48% Bias Score

Decent Work and Economic Growth
theglobeandmail.com
🌐 85% Global Worthiness
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Trump Tariffs Create Uncertainty in Auto Sector

President Trump's 25% tariff on Canadian auto parts, effective Tuesday, caused immediate uncertainty for the auto industry, but a 30-day reprieve was granted Wednesday; however, the long-term effects remain unclear and the uncertainty is harming businesses and workers.

Progress

48% Bias Score

Decent Work and Economic Growth

Showing 61 to 72 of 171 results