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U.S. auto import probe fans tariff fears, riles Asia, Europe

2018-05-25 reuters
(Reuters) - A U.S. threat that it may introduce tariffs on foreign auto imports drew strong criticism on Thursday from the country’s main business lobbying group, which warned of a “staggering” blow to the industry and the prospect of a global trade war.

 
Mexico's Pena Nieto 'optimistic' on NAFTA as country makes new offer

2018-05-25 reuters
MEXICO CITY/WASHINGTON (Reuters) - Mexican President Enrique Pena Nieto on Thursday expressed optimism about NAFTA talks that have been thrown into disarray by a U.S. probe exploring auto tariffs, while a source said Mexico had made a new offer to seek a deal.

 
U.S. Auto Tariff Risk Put These ETFs and Stocks in Focus

2018-05-25 zacks
Adding fuel to the ongoing trade tensions, the Trump administration has initiated a national security investigation into auto imports that may result in fresh tariffs. And U.S. President Donald Trump’s urging that any deal would need “a different structure” has stirred global trade worries all over again.

 
US auto import probe fans tariff fears, riles Asia, Europe

2018-05-25 channelnewsasia
A Trump administration investigation of car and truck imports raised the threat on Thursday of renewed conflict over trade policy for an industry that thrives on stability and sent stocks in Asian and European automakers down.

 
Trump looks to up tariff ante as U.S. launches auto import probe, putting Asian carmakers on defensive

2018-05-25 japantimes.co.jp
WASHINGTON – The Trump administration has launched a national security investigation into car and truck imports that could lead to new U.S. tariffs similar to those imposed on imported steel and aluminum in March.

 
US launches auto import probe, China says will defend interests

2018-05-25 channelnewsasia
The Trump administration is considering a proposal to impose new tariffs on imported vehicles invoking a national security law that was used to impose tariffs on aluminum and steel, an administration official and three industry officials who had been briefed on the matter said.

 
Toyota to build fuel cell stack plant, ramp up fuel cell vehicle sales from 2020

2018-05-25 channelnewsasia
Toyota Motor Corp on Thursday said it plans to build a plant to manufacture hydrogen fuel cell stacks, a key component of fuel cell vehicles, as it seeks to mass manufacture hydrogen-powered cars to expand their usage as a zero emissions alternative to gasoline vehicles.

 
Mexico says will not renegotiate NAFTA under pressure, but makes new offer

2018-05-25 channelnewsasia
MEXICO CITY/WASHINGTON: Mexico will not buckle to pressure to conclude the long-stalled renegotiation of NAFTA, President Enrique Pena Nieto's spokesman said on Thursday (May 25), but a source said the country made a new offer after the United States launched a probe exploring auto tariffs.

 
Tesla Model X now 6% cheaper at $121,000 in China after duty cut

2018-05-23 livemint
Beijing: A day after China delivered on its promise to cut auto import tariffs, Tesla Inc. lowered prices in the country by about 6%, passing on some of the savings to consumers as competition heats up in the world’s largest electric-car market.

 
China slashes auto import tariffs in boost to overseas carmakers

2018-05-23 japantimes.co.jp
SHANGHAI/BEIJING/TOKYO – China will steeply cut import tariffs for automobiles and car parts, opening up greater access to the world’s largest auto market amid an easing of trade tensions with the United States.

 
Tesla trims up to US$14,000 off Model X in China after tariff cuts

2018-05-23 channelnewsasia
Tesla Inc has slashed up to US$14,000 off its Model X in China after Beijing announced major tariff cuts for imported automobiles, a potential sales boost for the U.S. firm as the world's largest auto market pivots towards electric cars.

 
Tesla trims up to $14,000 off Model X in China after tariff cuts

2018-05-23 reuters
BEIJING (Reuters) - Tesla Inc (TSLA.O) has slashed up to $14,000 off its Model X in China after Beijing announced major tariff cuts for imported automobiles, a potential sales boost for the U.S. firm as the world’s largest auto market pivots towards electric cars.

 
Automakers Focus on Made-in-China EVs as Competition Rises

2018-05-22 zacks
Emissions from gas-guzzling combustion engines have prompted the auto industry to focus more on electric vehicles. Further, government regulations have strengthened the preference for electric vehicles (EVs) over other combustion-engine based vehicles.

 
BMW and Mercedes Say Thank You to Donald Trump - Bloomberg

2018-05-22 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

 
UPDATE 2-China slashes auto import tariffs in boost to BMW, Tesla

2018-05-22 reuters
SHANGHAI/BEIJING (Reuters) - China will steeply cut import tariffs for automobiles and car parts, opening up greater access to the world’s largest auto market amid an easing of trade tensions with the United States.

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