French high end fashion group Kering appointed Luca de Meo, the man behind rescuing carmaker Renault from crisis, as its new chief executive to steer the company’s struggling flagship brand Gucci back on course.De Meo, 58, will officially take over in September, after shareholders approve of a new governance structure that separates the roles of…
Los Angeles erupts: Cars torched, protesters detained amid immigration raid backlash Source link
NEW DELHI: Japan has become one of the top five destinations for Indian car exports for the first time in FY25, signaling growing global demand for vehicles manufactured in India, even from advanced markets.Major Indian exporters like Suzuki Motor Corp and Honda Motor Co’s local units are increasingly using India as a global production base….
When Slate Auto, a start-up, unveiled a roughly $25,000 electric pickup truck last month, social media lit up with comments. Many people saw the no-frills vehicle, with an easy-to-repair body and nostalgic hand crank windows, as a refreshing antidote to today’s overstuffed and increasingly unaffordable cars. How unaffordable? Average monthly payments on new cars have…
A dovish shift Stocks are on a three-day winning streak as investors cheer cooling trade-war tensions. Another boost has come from the Fed and from Google, whose shares are up nearly 5 percent in premarket trading on decent first-quarter results. But while Washington and Beijing seem to be easing off their brinkmanship, it may be…
US President Donald Trump announced on Wednesday that the existing 25 per cent tariff on cars imported from Canada to the US could be raised further, emphasizing the administration’s commitment to bolstering domestic auto manufacturing. Speaking from the Oval Office, President Trump stated, “When I put tariffs on Canada – they’re paying 25 per cent…
California’s housing crisis has long been a political powder keg, but now it’s turning into an outright humanitarian emergency for the state’s college students. With one in four community college students experiencing homelessness in the past year, the question is no longer how bad the crisis is — but how shamefully long the state can…
Canadian Prime Minister Mark Carney announced that starting at 12:01 EDT on Wednesday, Canada will enforce a 25% tariff on certain US-made vehicles that fail to meet the requirements of the Canada-United States-Mexico Agreement (CUSMA) trade deal. “At 12:01 EDT (0400 GMT) tonight, Canada’s counter-tariffs will come into force,” Mark Carney said on his X…
Follow live updates on today’s jobs report and the global market turmoil from Trump’s tariffs. Volkswagen, the German automaker, has told its car dealers that it plans to add an import fee later this month to the price of imported cars sold in the United States. The company’s move is one of the first and…
Ford Motor said on Thursday that it was lowering prices on most of its vehicles to the same levels it charges employees in a bid to boost sales as President Trump’s tariffs on imported cars took effect. The tariffs began on Thursday on vehicles imported from Mexico, Canada, Japan, Germany and other countries. The duties…