President Trump’s recent tariffs have thrown the U.S. auto industry into turmoil, leading to substantial cost increases for companies like Ford and GM. These financial burdens are impacting […]
Moody’s Warns Auto Industry of $30 Billion Tariff Impact
Global automakers face potential losses of $30 billion due to U.S. tariffs according to Moody’s analysis, highlighting significant economic impact on the industry. The lack of direct comments […]
Ripple Effects of Tariffs: How Trade Tensions Could Impact the Crypto Market
Trade disputes, particularly those tied to tariffs imposed during the Trump administration, could have a far-reaching impact beyond the automotive sector, potentially influencing the crypto market. Moody’s Ratings […]
Trump’s Tariffs Cause $30B Automaker Pain: Reshaping Global Strategies
Global automakers face a potential loss of $30 billion due to tariffs imposed by former President Donald Trump, prompting significant changes in production and supply chain strategies. Moody’s […]
Trump Tariffs Threaten Automakers with $30 Billion Loss, Moody’s Warns
Moody’s has issued a warning that Trump’s tariffs could inflict significant financial losses on global automakers, potentially costing them as much as $30 billion. The economic impact stems […]
Moody’s Warns Automakers Face $30 Billion Loss From U.S. Tariffs
Moody’s has issued a stark warning: global automakers face a potential financial blow of $30 billion by 2025 due to U.S. tariffs on vehicle imports. The anticipated losses […]
Africar Group Acquires Koto.ci: Expanding Auto Price Transparency Across West Africa
Africar Group, owner of AUTO24.africa, has acquired Koto.ci, Côte d’Ivoire’s leading online guide to new car prices. This strategic move expands the company’s presence in West Africa and […]
Chinese Automakers Target Europe as US Market Shrinks
Facing high tariffs and trade barriers in the United States, Chinese automakers are shifting their focus towards Europe for electric vehicle (EV) exports. This strategic move comes as […]
Auto & Crypto Industries Face Unique Challenges
The auto and cryptocurrency industries are grappling with distinct but interconnected challenges, reminiscent of past crises that highlight systemic risks in the rapidly evolving technological landscape.
Volkswagen Singapore Embraces Crypto Payments with FOMO Pay
Volkswagen Singapore is pioneering a new era of car buying by allowing customers to utilize cryptocurrencies for payments. The company has partnered with FOMO Pay, a local firm, […]
Mercedes CEO Raises Concerns About Europe’s Aggressive EV Push
Ola Källenius, CEO of Mercedes-Benz, has expressed skepticism towards the European Union’s plan to ban CO2-emitting vehicles by 2035. He argues that such a move risks severe economic […]
Japan’s Auto Industry Faces Tumultuous Times Amidst US Tariffs
The Japanese auto industry is grappling with a significant upheaval due to U.S. tariffs on vehicles and parts. These tariffs, imposed at 25%, are expected to cost major […]
Chinese Automakers Pledge to Pay Suppliers Within 60 Days
Facing pressure from suppliers and the Chinese government, major Chinese car manufacturers like BYD, Xiaomi, and Chery have agreed to pay their suppliers within 60 days. This follows […]
China’s Rare Earth Control Threatens Global Car Industry
The global automotive sector faces a critical threat as China, the world’s dominant producer of rare earth minerals, tightens its grip on these essential elements. These materials are […]
China’s EV Market Faces Price Wars as Ministry Cracks Down
China’s Ministry of Industry and Information Technology (MIIT) has issued a warning against aggressive price wars impacting the nation’s rapidly growing electric vehicle (EV) market. The MIIT emphasizes […]