Category: Auto
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Ford CEO urges Trump not to ‘cherry-pick’ tariffs as auto industry faces multibillion dollar threat
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Ford CEO (F) Jim Farley seemed to President Trump’s introductory plans – but not the way many expected. During the Ford Quarter’s four profit call, Farley warned that the long definitions of imports coming from Mexico and Canada, where Ford and GM (GM) are made of competition cars, will have…
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Infineon stock hikes on guidance beat, demand from auto sector
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(Reuters) – Infineon’s shares increased by 11 % after the German chip maker was slightly upgraded to the entire revenue expectations and reported quarterly results and directions over expectations. A STIFEL analyst said that the future view differs from the microcredit chips of cars and industrial use that missed expectations,…
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Auto sector frets that tariffs will destroy EV transition, help China
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Bread path links Commodity energy Electric vehicles The car sector in Canada sends 90 percent of its exports to the United States Get the latest from Gabriel Friedman directly to your inbox subscription February 03, 2025 • 4 minutes read You can save this article by registering for free here.…
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The EV Transition Is Leaving the UK Auto Industry Behind
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Breadcrumb links PMN works Stellantis is closing its Vauxhall factory in Luton after 120 years, as the UK government seeks to balance new cars with old jobs. Article writer: Bloomberg News Jimmy Nemo Posted on November 30, 2024 • 5 minute read You can save this article by registering for…
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Thailand, the ‘Detroit of Southeast Asia’, is at the forefront of China’s battle for the global auto market
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Narong Yuengtaporn, a retired civil servant in Bangkok, bought an electric car made by GAC Aion earlier this year. He is part of a growing number of Thai drivers who are buying electric cars sold by Chinese car companies but made in Thailand, a country that has become one of…
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Trump Pushes Tax Break on Car Loans as He Courts Auto Industry
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Breadcrumb links BMN Business Donald Trump has vowed to boost the US auto industry by making interest on auto loans fully tax-deductible and renegotiating a trade deal with Mexico and Canada as he seeks to court business and labor leaders in the swing state of Michigan. Article writer: Bloomberg News…
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Softer US auto sales highlight the pain from higher rates
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or…
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Tariffs to reshape auto supply chains
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Investing.com – The auto sector accounts for about 11% of global trade in manufactured goods, but a storm of rising tariffs is likely to lead to a more complicated trade environment, according to analysts at Bernstein. The automotive industry boasts one of the most complex supply chains in the world,…
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US auto safety regulator closes probe into GM’s Cruise robotaxis By Reuters
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The National Highway Traffic Safety Administration said Thursday it has closed its initial evaluation of extreme braking and stabilization in 1,194 self-driving vehicles operated by General Motors Co.’s Cruise unit. The National Highway Traffic Safety Administration said it closed the evaluation after reviewing the Cruze recall and analyzing data, which…
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Honda to end vehicle production at one of its Thai auto plants By Reuters
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TOKYO (Reuters) – Honda The Japanese automaker said Tuesday it will stop vehicle production at its plant in Thailand’s Ayutthaya province by 2025 as it plans to consolidate production at the plant it operates in Prachinburi province. The move highlights the increasingly difficult conditions facing Japan’s second-largest automaker in the…
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Australia auto parts retailer Bapcor rejects Bain Capital’s $1.2 billion bid By Reuters
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By Scott Murdock and Rajasik Mukherjee SYDNEY (Reuters) – Australian auto parts retailer Babcor on Tuesday rejected a A$1.83 billion ($1.23 billion) takeover bid from private equity firm Bain Capital, saying it did not fully reflect the company’s value. The company’s shares fell about 4.3% in early trading Tuesday. Australia’s…
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Watch for more auto shockers after Rivian landed Volkswagen as a major partner
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hapapapa Rivian Cars (Nasdaq:RIVN) shook up some tremors across the electric vehicle sector with its announcement that the company will form a joint venture with Volkswagen (OTCPK:VLKAF) (OTCPK:VWAGY). Volkswagen (OTCPK:VLKAF) $5B Initial and Planned Investments, Plus Rivian (RIVN)) Current Cash Position It is expected to provide capital to fund the…
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Auto insurance inflation set to tap on the brakes, BofA economist says (NYSE:TRV)
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Rising auto insurance premiums have been a notable driver of inflation in the past few months. In April, auto insurance jumped 22.6% from a year earlier, the largest increase since 1979, Stephen Juneau, an economist at Bank of America Securities, noted in a recent note. “This has been an increasing…
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Japan and ASEAN plan joint strategy on auto production, Nikkei reports By Reuters
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(Reuters) – Japan and the Association of Southeast Asian Nations (ASEAN) plan to develop their first joint strategy on automobile production and sales within the Southeast Asian bloc to counter China’s growing presence in the electric vehicle market, a newspaper reported on Monday. The goal is to develop an interim…
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Auto theft crisis deepens as insurance claims top $1.5 billion
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Article content Canada’s auto theft crisis is worsening, with insurance claims costs exceeding $1.5 billion for the first time. New data from the Insurance Bureau of Canada (IBC) shows insurance providers handled 49,679 claims related to stolen vehicles in 2023, with costs exceeding $1.54 billion for the year. Overall, the…
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Why VinFast Auto Stock Soared Higher This Week
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shares Finfast Auto (NASDAQ: VFS) Shares rose more than 60% this week, according to data from Standard & Poor’s Global Market Intelligence. Vietnamese automobile group that manufactures electric cars (Electric vehicles) saw significant early demand for the affordable SUV that will be sold worldwide, including the United States. Shares are…
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Why VinFast Auto Stock Soared Higher This Week
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shares Finfast Auto (NASDAQ: VFS) Shares rose more than 60% this week, according to data from Standard & Poor’s Global Market Intelligence. Vietnamese automobile group that manufactures electric cars (Electric vehicles) saw significant early demand for the affordable SUV that will be sold worldwide, including the United States. Shares are…
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United Auto Workers ratify contract with Daimler Truck By Reuters
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