automotive industry

Japan's chief trade negotiator, Ryosei Akazawa, said that the country cannot accept U.S. President Donald Trump's 25% auto tariffs as trade talks continue with the seventh round set to take place in Washington. What Happened: "We have repeatedly explained to the U.S. that Japan's automobile...

Several automakers globally are struggling to cope with Beijing's restrictions on exports of rare earth materials, a crucial element in producing various parts in vehicles. What Happened: "The whole car industry is in full panic. They are willing to pay any price," a source told Reuters on Monday,...

President Donald Trump‘s 25% tariffs on auto imports could threaten to upend the entire U.S. automotive industry. How? According to Bank of America, car prices will be higher, and millions of unit sales could be wiped out. In a report titled “Chicken Tax 2.0 Goes Whole Hog,”...

The trade relationship between the U.S. and Mexico, America's top trading partner in 2023, entered a new phase of tension. President-elect Donald Trump's recent pledge to impose 25% tariffs on all imports from Mexico and Canada, as soon as he returns to the Oval Office in January, has sent ripples...

The electric vehicle market is populated with players Tesla Inc (NASDAQ:TSLA), Rivian Automotive Inc (NASDAQ:RIVN), VinFast Auto Ltd (NASDAQ:VFS), Lucid Group Inc (NASDAQ:LCID) and Polestar Automotive Holding UK (NASDAQ:PSNY). Although the market has soured on the largest EV companies after...

On Thursday before the bell, Ford Motor (NYSE: F) shares rose 3% before the bell as it reached a tentative deal with the UAW. Shares of General Motors (NYSE: GM) also followed with a 1% rise as analysts expected the automaker to follow Ford’s footsteps and end an unprecedented...

On Monday, Ford Motor (NYSE: F) Executive Chairman Bill Ford made a rare move as he called on the UAW to make a deal and end the agonizing strike that is threatening not only the future of the automaker but of the American automotive industry. Last Tuesday, Ford already stated it is at...

This week began with UAW workers at Volvo Group (OTC: VLVLY)-owned Mack Trucks also going on strike, joining the UAW’s targeted strike against the Detroit Three automakers. Since walking out on September 15th, the strike against General Motors (NYSE: GM), Ford (NYSE: F) and Chrysler parent...

On Friday, the United Auto Workers union announced it is expanding its strike against General Motors (NYSE: GM) and Stellantis (NYSE: STLA) while significant progress has been made in negotiations with Ford Motor (NYSE: F).While some fears eased no additional factories will be added besides...

The EV boom is as real as it gets, but it is by no means an easy road, not even for German automakers who were once behind the automotive industry's best design and cutting-edge technology. On Monday, the IAA motor show kicked off in Munich, but rather than the sound of Mercedes...

Undoubtedly, AI is the hottest topic of 2023 as there’s barely an industry not exploring the possibilities brought on by machine learning technologies. The automotive industry is no exception and Toyota Motor (NYSE: TM) announced this week it will be using generative AI to develop its...

2023 has been deemed as the year of the electric pickup. This particular vehicle is considered as the backbone of the automotive industry, especially in the U.S. But, as electrification transforms the entire industry, electrifying pickups can seem even more daunting for automakers compared to...

A recent job posting on Apple Inc. (NASDAQ: AAPL) for an automotive position in China has sparked fresh conversations around the tech giant's interest in China's lucrative auto sector. Cupertino is looking to hire an auto software engineer in China, EV-focused new site CnEVPost...

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. CarMax Inc. (NYSE: KMX) traded at a new 52-week high today of $144.84. This new high was reached on below-average trading volume as 459,...

Most automakers rely on "just-in-time" manufacturing to optimize production. That model requires precise coordination throughout every link in the global supply chain. And that's where AIT Worldwide Logistics comes in. AIT's automotive logistics professionals are the experts at developing resilient...