President Trump’s executive order imposing tariffs on imported cars and light-duty trucks is set to affect numerous automakers and auto suppliers, impacting production and potentially consumer costs.
The automotive industry is experiencing challenges after a period of prosperity during the pandemic, dealing with technological shifts, economic pressures, and competition.
Two European electric transport groups are urging the European Union to reject automakers’ efforts to weaken 2025 CO2 emission targets and related fines, citing concerns about Europe falling behind China in the electric vehicle market.
