Tesla Inc.'s shares decreased by almost 7% on Monday after the company allegedly shared its concerns about the impact of United States President Donald Trump's tariffs on certain imports on its production.The electric vehicle (EV) maker's stock declined by 6.75% at 12:28 pm ET to sell for...
Honda Motor Co. Ltd. will be procuring batteries for its hybrid vehicles from Toyota Motor Co.'s factory in the United States, Nikkei reported on Monday.According to the media outlet, batteries for 400,000 cars will be secured, which is enough for all the hybrid vehicles it sells in the country. The...
The Italian government is preparing an industrial plan to strengthen and deepen connections between the automotive, defense and aerospace sectors, the country's Minister of Economic Development Adolfo Urso said in an interview with Il Messaggero on Sunday."In June, when the path of reforms we...
United States Commerce Secretary Howard Lutnick emphasized Friday the importance of the auto sector to US manufacturing, arguing that imposing tariffs on imported vehicles from all regions could be a "fair" approach to protect domestic production.In an interview on Fox Business, Lutnick...
General Motors Co. will recall 90,081 vehicles in the United States due to a safety issue, the National Highway Traffic Safety Administration (NHTSA) said on Friday. The recall concerns Cadillac CT6 cars made in 2019 and 2020, CT4 and CT5 from 2020 and 2021 and 2020-2022 Chevrolet Camaro units...
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