Europe and China are trying to fix a problem with electric cars. The European Union and China have made a new plan. This plan might stop extra fees on some electric cars from China. These cars include the Volkswagen Cupra Tavascan. The European Union wants car companies to promise two things. First
The EU's recent adjustments to its car emissions rules have sparked debates. The original plan was to ban new gas-powered cars by 2035. But now, the EU is allowing some flexibility. Instead of a full ban, automakers must cut emissions by 90% compared to 2021 levels. This means a few gas-powered cars
The clock is ticking for those looking to buy an electric vehicle. A recent law passed by Congress has set a deadline: September 30, 2025. After this date, the popular $7, 500 federal tax credit for new EVs will be no more. Initially, there were talks of a six-month grace period, but the final law c
Car companies saw a boost in their stock prices during Monday's trading. This happened after the U. S. President made some remarks about helping out certain car manufacturers. The president met with the leader of El Salvador. During this meeting, he mentioned that some car companies need more time.
The stock market took a hit on a Thursday. This was the first day of trading after a major announcement. The news? President Trump had declared a 25% tariff on imported cars and car parts. This move is expected to spark a global trade war and drive up the cost of vehicles. The Dow Jones Industrial
The auto industry is facing a tough time due to new tariffs on steel and aluminum. These metals are crucial for car manufacturing, and the increased tariffs will make them more expensive. The U. S. government has imposed a 25% tariff on steel and raised the aluminum tariff from 10% to 25%. This move
The auto industry is facing a tricky situation. President Trump has given automakers a short break. He has delayed a 25% tariff on vehicles and auto parts from Mexico and Canada for a month. This is part of the North American trade agreement USMCA. The White House announced this after Trump spok
In a surprising turn of events, three major Japanese car companies—Honda, Nissan, and Mitsubishi—have decided to end their discussions about merging. This decision came after Nissan's top executive, Makoto Uchida, expressed concerns about the potential merger's impact on Nissan's future. Uchida felt
In a recent move, US automakers are facing challenging times. The new tariffs on goods coming in from Canada, Mexico and China will likely add strain. A heavy barrier to these items crossing US borders has been put in place. When we speak of these goods, we're talking about cars, car parts, machines
Imagine two of Japan's biggest carmakers, Nissan and Honda, joining forces to become the world's third-largest automaker. This isn't just a dream; it's a plan they're seriously considering over the next six months. Why the sudden team-up? Well, the auto industry is changing fast, with electric cars
