Trade protectionism should never be the main theme of the new energy vehicle sector, an industry so globalized that it requires global vision and openness for its healthy development, said a renowned expert in China's automobile industry.
Trade protectionism should never be the main theme of the new energy vehicle sector, an industry so globalized that it requires global vision and openness for its healthy development, said a renowned expert in China's automobile industry.
U.S. light-vehicle sales are projected to rise 4.7% to 12% in March, and 4.5% to 6% in Q1, based on estimates from forecasters.
General Motors' U.S. sales slipped in the first quarter, with only Buick posting a gain, while Toyota Motor Corp. and Honda Motor Co., benefiting from increasing stockpiles and hybrid demand, posted double-digit increases in March and the first quarter, with car demand outpacing light-truck growth at both companies.
GM said its results last quarter reflected lower fleet shipments, while retail volume rose 6 percent during the period.
The auto industry unexpectedly surged ahead in 2023 with the post-pandemic global recovery, was detoured for a few weeks in the United States by the union strikes, is stabilizing vehicle prices and tapping the brakes—slightly—on the rush to electrification, and is heading for a smooth but slower ride in 2024. That’s the consensus of auto-segment analysts and stamping manufacturers, with a relieved glance in the rearview mirror and a relaxed and mildly optimistic look ahead.
As the calendar flips to 2024, legacy automakers come closer to having to square up on the dramatic climate change commitments they made over the last five years.
Bipartisan lawmakers on Tuesday called for severing more of America’s economic and financial ties with China, including revoking the low tariff rates that the United States granted Beijing after it joined the World Trade Organization more than two decades ago.
The UAW on Wednesday abruptly shut down Ford Motor Co.'s largest and most profitable assembly lines by expanding a nearly 4-week-old strike against the Detroit 3 to include the
Workers at 38 GM, Stellantis parts depots join UAW strike, but Ford makes progress
By escalating the strike against the Detroit 3 to include 38 General Motors and Stellantis parts distribution centers across 20 states, UAW President Shawn Fain is elevating the plight of thousands of the union's lowest-paid full-time auto workers who would benefit most from the record contracts he's demanding.
General Motors spent $21 billion on stock buybacks during the last 12 years. It should give more money to assembly-line workers, instead.
That’s the logic of the United Auto Workers (UAW), which is staging an intensifying strike against GM, Ford, and Jeep parent Stellantis. So far, nearly 13,000 UAW members have walked off the job. The union has threatened other walkouts on a weekly basis and to ratchet up the pain on all three Detroit automakers.
Trade protectionism should never be the main theme of the new energy vehicle sector, an industry so globalized that it requires global vision and openness for its healthy development, said a renowned expert in China's automobile industry.
