Tag

Autos

All articles tagged with #autos

business1 day ago•5 min saved

US-Canada trade row heats up as auto tariffs loom at 50%

Tensions between the US and Canada deepen after talks collapse, with President Trump threatening to raise tariffs on Canadian-made autos, trucks, and parts from 25% to 50% starting January 1. Canada pledges reciprocal measures and says talks could resume only with a "right attitude." The dispute jeopardizes the USMCA and risks broader economic disruption, prompting Ottawa to boost diversification and infrastructure like icebreakers while firms brace for impact.

via BBC|

#autos #business #tariffs

world1 day ago•2 min saved

Trump slaps 50% tariff on Canadian autos and steel, widening trade rift

President Donald Trump announced a 50% tariff on Canadian cars, trucks, auto parts and steel that would take effect January 1, 2027, escalating US-Canada trade tensions. Canada signaled readiness to retaliate dollar-for-dollar and urged talks with the right approach, while stressing that Canada remains the US’s top auto market amid a broader shift away from deeply integrated ties.

via The Guardian|

#autos #canada #tariffs

politics-and-government3 days ago•21 min saved

Tariffs Trigger Collapse of US-Canada Trade Talks

Two weeks of US-Canada trade talks collapsed after the US moved forward with 50% tariffs on about $28 billion of Canadian goods, with Canada saying it would match the duties dollar-for-dollar. Negotiators had been close on autos and other concessions, but late-stage demands derailed a deal. The tariffs target items from wine and spirits to cement and hockey sticks, potentially raising costs for consumers and disrupting supply chains and cross-border trade under USMCA rules.

via Yahoo Finance|

#autos #politics-and-government #tariffs

politics-and-government3 days ago•21 min saved

Trump signals near Canada tariff deal with concessions on autos and liquor

President Trump said negotiators have “pretty much” struck a deal with Canada on tariffs, with concessions reportedly on the table for autos, metals, dairy, and liquor as talks near a midnight deadline; terms discussed include lowering auto tariffs from 25% to around 15%, restoring some steel exemptions under USMCA, reducing Canada’s digital services tax, and restarting the Keystone XL pipeline, all while aiming to bolster US farmers and cross-border trade.

via Yahoo Finance|

#autos #canada #liquor

politics-and-government4 days ago•22 min saved

Canada–U.S. tariff talks near a deal as autos and liquor concessions surface

US and Canada say their tariff agreement is very close, with concessions on autos, metals, and farm goods. A midnight deadline looms as negotiators discuss lowering auto tariffs toward 15%, restoring some steel exemptions, and easing digital services taxes, while liquor-store policies and Keystone XL remain on the table amid broader trade talks that could avert 50% tariffs if a deal isn’t reached.

via Yahoo Finance|

#autos #liquor #politics-and-government

business6 days ago•4 min saved

Trump Signals Canada Deal May Restart Keystone XL and Ease Auto Tariffs

President Trump announced a tentative deal with Canada to pause roughly $20 billion in 50% tariffs on selected Canadian goods for three days while final terms are finalized, with hints the agreement could revive the Keystone XL pipeline and reduce Canadian auto tariffs; USTR Greer and Canadian officials signaled progress, though the deal remains subject to final documents.

via CNBC|

#autos #business #canada

autos14 days ago•48 min saved

Eighties Dream Machines Now Command Big Bucks at Auctions

A curated look at 10 ’80s car models that have transformed from affordable daily drivers into hot collectibles, with auction values ranging from about $13k to well over $2 million. Highlights include the rare 1987 Buick GNX and the Porsche 959, whose values showcase how rarity, performance, and pop culture pedestal the era’s cars into multi‑thousand to multi‑million dollar status, while models like the DeLorean DMC‑12 and Ferrari Testarossa remain highly sought after in the collector market.

via Yahoo Creators|

#1980s-cars #auctions #autos

autos17 days ago•14 min saved

Rivian's R2 road test signals a turning point for the EV maker

Rivian’s high-stakes midsize EV, the R2, is designed to scale the company toward profitability with a cheaper, high-volume platform. In road tests, the Performance model delivers 656 hp and 609 lb-ft for a 0–60 around 3.6 seconds, while its semiactive dampers provide a notably smooth, composed ride. The EPA rates range at 330 miles from an 88-kWh pack, with real-world figures around 250–300 miles; charging uses a Tesla-compatible NACS port—10% to 80% in under 30 minutes. The interior feels premium for the price, but the lack of Apple CarPlay is a drawback. Pricing starts near $57,990 (about $61k as tested). If the R2 can scale, it could finally deliver profitability and volume for Rivian beyond its acclaimed but costly R1-series offerings.

via Yahoo Finance|

#autos #ev #r2

autos1 month ago•1 min saved

Subaru recalls 541,000 SUVs over incorrect weight-label

Subaru of America is recalling more than 541,000 Crosstrek, Forester and Ascent SUVs in the U.S. because the certification label incorrectly states their GAWR (gross axle weight rating). The inaccuracy could lead to an overloaded vehicle, though Subaru reports no crashes or injuries to date. No mechanical repair is required; owners will receive a corrected certification label to place over the faulty one, with dealers able to apply it for free. The recall covers certain 2026 Crosstrek Hybrid, 2025-2026 Forester and Forester Hybrid, and 2019-2026 Ascent models. Owner notices go out in late August, and further letters will follow when the remedy is available. Owners can check eligibility via NHTSA or Subaru’s recall lookup tools.

via ABC News - Breaking News, Latest News and Videos|

#autos #crosstrek #forester

business2 months ago•4 min saved

Canada pushes for a 16-year USMCA renewal as July deadline nears

Canada formally requested in Washington that the USMCA be renewed for 16 years, arguing the pact gives North America a competitive edge while acknowledging areas to improve; talks on sectoral tariffs are seen as essential, with the US seeking greater access for dairy and higher North American content in cars. If no extension is agreed by July 1, the pact would be renewed annually through 2036 amid domestic pressure to conclude a deal.

via BBC|

#autos #business #canada

policy3 months ago•10 min saved

How a Reagan-era ad derailed the Canada–U.S. trade talks

A high‑stakes White House meeting in October 2025 left Canada and the U.S. on the verge of an interim pact covering steel, aluminum, uranium, energy, and autos, but 16 days later talks collapsed. President Trump cited Ontario Premier Doug Ford’s $75 million Reagan‑era ad as the trigger, though officials say broader auto‑industry frustrations and Ottawa’s moves against Stellantis and GM were the real breakpoints. Canada’s retaliatory tariffs and import restrictions further poisoned negotiations, and while talks restarted in March, negotiators have not recaptured the 'magic moment' of October. With a July 1 deadline looming to renew USMCA or press toward a bigger deal, industry leaders are urging a focus on removing tariffs and returning to substantive talks.

via Politico|

#autos #canada #policy

business3 months ago•3 min saved

EU keeps options open as Trump threatens 25% auto tariffs

EU officials say they’ll keep options open as Trump threatens to raise tariffs on European cars and auto parts to 25% over alleged noncompliance with the Turnberry deal; Brussels says it’s implementing the pact in line with standard practice while EU governments remain divided on safeguards, with a final vote possible soon, underscoring the risk of a renewed transatlantic trade dispute.

via politico.eu|

#autos #business #european-commission

politics3 months ago•17 min saved

Trump floats 25% tariff on European-made autos

President Donald Trump announced plans to impose a 25% tariff on cars imported from the European Union, signaling a major shift in US trade policy that could raise prices for vehicles and escalate tensions with Europe.

via AP News|

#autos #eu #politics

business5 months ago•3 min saved

China’s chip- and car-led export surge defies slowing U.S. demand

China posted a nearly 22% jump in exports for January–February, led by semiconductors (up about 73%), autos (67%), and electronics, as demand outside the U.S. rose even as shipments to America fell roughly 11%. Imports rose about 20%, producing a January–February trade surplus of about $213.6 billion. The data come as Beijing targets 2026 growth of 4.5%–5% amid global tensions and domestic weakness, with AI-driven chip demand helping sustain export strength.

via PBS|

#autos #business #china

world6 months ago•35 min saved

India trims EU luxury-car tariffs to 30%, opening market to BMW, Mercedes

India will immediately reduce import duties on high-end European cars to 30% from up to 110% under a new EU trade deal, with price-based caps and annual import quotas that together lift total allowed imports to 160,000 vehicles over 10 years; EVs priced above 20,000 euros will also see cuts, eventually reaching 10% over five years, while domestic EV makers like Tata and Mahindra remain protected for now. The move is expected to boost luxury-car availability and technology transfer for brands such as BMW, Mercedes-Benz, VW, Renault and Stellantis, though price reductions may not be immediate.

via Reuters|

#autos #eu-india-trade-agreement #luxury-cars