Latest news with #Automakers
Washington Post
3 days ago
- Business
- Washington Post
Trump's bid to keep China from dodging tariffs risks supply chain headaches
A Trump administration campaign to stop Chinese manufacturers from evading high U.S. tariffs risks clogging global trade with red tape, snarling the supply chains that electronics companies and automakers rely on to produce goods at the lowest cost, according to logistics experts and economists. Administration officials say some Chinese companies have skirted the tariffs that President Donald Trump began imposing in 2018 by shipping their goods to American customers via countries such as Vietnam that face lower U.S. trade barriers. Those flows have grown this year as Trump hiked tariffs on Chinese goods to an unprecedented 145 percent in April before lowering them a few weeks later.
CTV News
4 days ago
- Automotive
- CTV News
Automakers are going big on in-car subscriptions. Are customers buying it?
Automakers are pivoting to novel software releases for monthly, yearly or multi-year-long in-car subscriptions. A Ford Mustang Mach-E electric vehicle with Ford BlueCruise Hands-Free Highway Driving is at the New York International Auto Show in New York on Saturday, March 30, 2024. (AP Photo/Ted Shaffrey)
Bloomberg
6 days ago
- Automotive
- Bloomberg
Europe Car Sales Drop the Most in 10 Months as EV Growth Slows
Automakers called for Europe to further stimulate demand for battery-powered vehicles after sales of all new cars fell in June by the most in 10 months. Registrations dropped 5.1% to 1.24 million vehicles, the European Automobile Manufacturers' Association said Thursday. While demand for battery-electric cars continues to rise, sales grew at the slowest pace this year.
Motor 1
7 days ago
- Automotive
- Motor 1
Another Automaker Shoots Down Apple CarPlay Ultra
Automakers are beginning to realize the value screens have to offer to their bottom lines. Digitizing the automotive experience, putting features behind paywalls, and nickel-and-diming customers to access amenities they could own outright just a few years ago make who controls the screen vital to securing those future profits. General Motors ditched Apple CarPlay for its proprietary system, and now automakers are pushing back on CarPlay Ultra , Apple's latest bid to control more of the in-car experience. BMW is one such brand. The German automaker confirmed with BMW Blog that it 'currently has no plans' to offer CarPlay Ultra in its vehicles. It's heavily invested in its own infotainment system called iDrive , which controls a range of vehicle functions due to its deep integration. Photo by: Aston Martin BMW joins Audi , Mercedes-Benz , Polestar , and Volvo among automakers that have no plans to offer the technology, despite Apple initially saying that they would. It's been three years since Apple first teased the upgraded version of CarPlay, initially listing several participating brands, but the industry continues to evolve. Some brands, including Porsche , Kia , Hyundai , and Genesis are still committed. Aston Martin was the first to launch Ultra in its vehicles. In a brief test, we thought it made the experience better . CarPlay Ultra takes over the entire in-car experience to bring an Apple-like feel to the gauges, in-car controls, and far more than just music and text messages. Photo by: Aston Martin It's unclear when another brand will launch Ultra for their vehicles, as it appears there's little incentive for most automakers to give up so much control. The battle for your attention and your money is coming to your car's screens, and automakers are starting to fight for it. But if customers like the technology and use their purchasing power to make their demands known, automakers might have no choice but to offer it. And if they don't, there are always workarounds. Why? Mercedes Gives Customers the One Thing They've Always Wanted: Microsoft Teams Mazda Explains Why It Removed the CX-5's Buttons Get the best news, reviews, columns, and more delivered straight to your inbox, daily. back Sign up For more information, read our Privacy Policy and Terms of Use . Gallery: Aston Martin's Apple CarPlay Ultra 14 Source: Aston Martin Source: BMW Blog Share this Story Facebook X LinkedIn Flipboard Reddit WhatsApp E-Mail Got a tip for us? Email: tips@ Join the conversation ( )
Reuters
7 days ago
- Automotive
- Reuters
Automakers propel European shares to two-week highs on US-EU trade deal optimism
July 23 (Reuters) - European shares closed near two-week highs on Wednesday, led by automakers, as investors anticipated a possible agreement between the United States and European Union to soften the blow of growth-denting tariffs. Futures tracking the pan-European STOXX 600 index got a further boost and were last up 2.1% as EU diplomats said the bloc and Washington were headed for a potential trade deal including a 15% U.S. baseline tariff on European imports - half the level U.S. President Donald Trump had threatened. Negotiations between the two economies have lagged in recent weeks, and investors are keen for an agreement before the August 1 deadline. The European Commission is planning to unveil counter-tariffs if the talks fail. The benchmark STOXX index <.STOXX> closed 1% higher and logged its biggest one-day gain in nearly a month, after Japan struck a trade deal with the U.S., sparking a rally in automobile stocks earlier in the day. "One of the premises underlying global markets is that once tariffs are implemented, they will not be as negative as feared," said Steve Sosnick, chief market analyst at Interactive Brokers. "From the European point of view, it's understandable why that would be perceived as good news, because it's reasonable to think that there will be some sort of negotiation between the U.S. and the EU to arrive at a deal". Most of the major bourses in the region, including Germany's DAX , France's CAC 40 (.FCHI), opens new tab along with main stock indexes in Italy (.FTMIB), opens new tab, rallied more than 1.3%. European automobile stocks (.SXAP), opens new tab surged 3.7% and logged its biggest daily rise in close to a month, tracking a steep rally by some Asian rivals. European carmakers such as Stellantis, Mercedes-Benz ( opens new tab, Volkswagen ( opens new tab and Porsche (P911_p.DE), opens new tab gained between 6.1% and 7.3%. Earnings were also on the radar, with technology stocks (.SX8P), opens new tab bogged down by a 4.1% slide in SAP ( opens new tab as investors were disappointed the software company held off on increasing full-year targets after reporting higher quarterly sales and earnings. ASM International ( opens new tab dropped the most on the benchmark index, down 10.4%, after the computer chip equipment maker reported second-quarter bookings below market expectations. UniCredit ( opens new tab rose 3.6% after the Italian lender posted higher-than-expected quarterly profit and raised its fiscal-year outlook, a day after a clash with the government prompted Italy's second biggest bank to ditch its takeover bid for rival Banco BPM. Nokia ( opens new tab, meanwhile, slumped 7.6% after the Finnish group lowered its guidance for 2025 comparable operating profit, while SSAB's ( opens new tab slid 9% after earnings fell more than expected in the second quarter. Spanish stocks (.IBEX), opens new tab were limited by a 4.7% drop in Iberdrola ( opens new tab after the utilities company raised 5 billion euros ($5.87 billion) to help pay for a big rise in investments in power grids in Britain and the United States. ($1 = 0.8515 euros)
