Posts Tagged ‘autos’
Bosch to cut 13,000 jobs to bring down costs in tough autos market
[BERLIN] Germany’s Robert Bosch will cut 13,000 jobs as the world’s top autos supplier battles a sluggish market, high costs and pressure from rivals that have left it with an annual cost gap of 2.5 billion euros (S$3.77 billion), it said on Thursday (Sep 25). The company has previously said it expects to “fight over…
Read MoreLower US Tariffs On Japan Autos Kick In
Lower US tariffs on Japanese autos kicked in on Tuesday, as a relieved Tokyo welcomed the implementation of a trade pact negotiated with Washington. As of 1.01 pm (0401 GMT), Japanese cars entering the United States face a 15 percent tariff instead of 27.5 percent, providing manufacturers some reprieve from the hefty duties imposed by…
Read MoreTrump Signs Order To Lower US Tariffs On Japan Autos To 15%
US President Donald Trump signed an order Thursday to lower tariffs on Japanese autos, as Washington moves to implement its trade pact negotiated with Tokyo. Japanese autos will face a 15-percent tariff instead of the current 27.5 percent, while the level for many other goods will similarly be capped at 15 percent, according to the…
Read MoreA Better Way Auto’s Approach to Building Strong Local Partnerships
Strong local partnerships are a cornerstone for communities and businesses. When organizations collaborate within their neighborhoods, they boost trust, amplify resources, and create initiatives that are better tailored to local needs. These often go beyond transactional benefits, becoming long-term commitments that support various initiatives. Whether it’s a nonprofit aligning with a small business or a…
Read MoreAsia: Stocks mixed as stability returns, autos lifted by exemption hope
[HONG KONG] Asian stocks were mixed on Tuesday (Apr 15) as some stability returned to markets after last week’s rollercoaster ride, with auto firms boosted by Donald Trump’s possible compromise over steep tariffs on the sector. However, the US president’s unorthodox approach to trade diplomacy continues to fuel uncertainty among investors, with speculation over new…
Read MoreAsia: Markets mixed as autos suffer more tariff-fuelled losses
[HONG KONG] Asian markets were mixed on Friday as traders brace for next week’s expected wave of US tariffs, while auto firms extended their painful losses following President Donald Trump’s announcement of steep levies on vehicle imports. The mood on trading floors has soured in recent weeks as the White House presses ahead with its…
Read MoreAsian Markets Mixed As Autos Suffer More Tariff-fuelled Losses
Asian markets were mixed Friday as traders brace for next week’s expected wave of US tariffs, while auto firms extended their painful losses following President Donald Trump’s announcement of steep levies on vehicle imports. The mood on trading floors has soured in recent weeks as the White House presses ahead with its hardball policy approach…
Read MoreTurkey says Chery Auto’s partners to invest US$1 billion in plant to make 200,000 cars a year
[ANKARA/BEIJING] Turkey said on Wednesday (Mar 26) that Chery Automobile’s partners will invest US$1 billion in a manufacturing facility in the country with an annual capacity to produce 200,000 vehicles a year. The Chinese company, one of the world’s top automakers, immediately issued a statement denying that it planned to build a factory in Turkey. …
Read MoreAsia: Autos lead market losses after Trump’s latest tariffs salvo
[HONG KONG] A plunge in automakers hit Asia equities on Thursday (Mar 27) after Donald Trump announced painful tariffs on all imported vehicles and parts as he presses hardball trade policies many fear will spark a recession. Indications that levies lined up for the president’s “Liberation Day” on April two would be less severe than…
Read MoreAutos lead market losses after Trump’s latest tariffs salvo
[HONG KONG] A plunge in automakers hit Asian and European equities on Thursday (Mar 27) after Donald Trump announced painful tariffs on all imported vehicles and parts as he presses hardball trade policies many fear will spark a recession. Indications that levies lined up for the president’s “Liberation Day” on Apr 2 would be less…
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