1 week ago Donald Trump's tariffs puncture US car industry downgraded by Barclays to 'negative'

Goldman Sachs has cut its estimate for automobile sales in the US for this year by nearly 1 million units

Politics

2 w. ago Petrol car ban date confirmed by Keir Starmer amid Donald Trump tariff fallout

The Prime Minister backed the British car industry on Monday as he warned Donald Trump's tariffs will have a 'profound' impact on the global economy

Politics

2 w. ago Business News: UK car industry threatened by US tariffs as Jaguar Land Rover pauses exports and markets tumble

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Economics

2 w. ago Keir Starmer to make major speech declaring 'British brilliance' after Trump trade war

Prime Minister Keir Starmer will declare his backing for 'British brilliance' with a support package for the car industry in the wake of Donald Trump’s tariffs

Politics

3 w. ago ‘Another nail in the coffin’: Germany’s car industry faces up to Trump’s tariffs

There are major concerns about the potentially ‘catastrophic’ impact US policy will have on vehicle makers Emerging into the springtime sun from gate 17 at Volkswagen’s main factory in Wolfsburg at the end of his shift on Thursday afternoon, Carsten, 63, pulled heavily on a cigarette and shook his head when asked about Donald Trump’s US tariff policies.“It’s just another nail in the coffin for the German car industry,” the assembly line worker said. He cited managers’ plans to slash jobs and close factories earlier this year, and a decade before that the ‘dieselgate’ scandal, costly both financially and reputationally, after Germany’s largest carmaker was found to have falsified CO2 emissions tests. Continue reading...

Politics

3 w. ago Ministers 'to water down Net Zero electric car targets next week' in bid to prop up UK industry after Trump tariffs

No10 refused to be drawn on claims that the zero emission vehicles (ZEV) mandate could be eased next week, with targets downgraded.

Politics

3 w. ago Trump says he ‘couldn’t care less’ if tariffs make car prices go up

Trump says tariffs on foreign-made cars would would lead to increased sales of US-made carsDonald Trump said on Saturday he did not warn car industry executives against raising prices as tariffs on foreign-made autos come into force, telling NBC News he “couldn’t care less” if they do.The president’s comments came as the White House prepared to impose new tariffs on a range of consumer goods on 2 April, a move that has drawn criticism from international leaders and concerns about potential price increases for consumers.Guardian staff contributed reporting Continue reading...

Politics

4 w. ago Japan says ‘every option’ on table as global car industry reels from Trump’s 25% tariffs

Automakers’ shares drop as trade partners rush to respond to US president’s latest measures

Politics