Latest news with #FordCanada
Time of India
9 hours ago
- Automotive
- Time of India
Ford, GM, Stellantis warn Carney as Trump tariffs crush Canada auto trade
Canadian Prime Minister Mark Carney convened a high-stakes meeting on Wednesday(July 2) with CEOs from Ford Canada , GM Canada , Stellantis Canada , and Brian Kingston of the Canadian Vehicle Manufacturers' Association. The attendees gathered at the Prime Minister's Office to address the impact of renewed 25 percent US tariffs on Canadian-built vehicles and draw up plans to protect Canadian supply chains, at a time when trade talks with the United States are heating up again. The faces behind the numbers by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Don't Pay Full Price for 2025's Top Games! Shop Now Undo Line workers in Windsor, Ontario, and Oakville understand these tariffs as more than just economic data; they represent family paychecks, local businesses, and community identity. Canada responded to US auto, steel, and aluminum tariffs in April with matching 25 percent retaliatory tariffs on US vehicles, sparing parts to preserve integrated North American supply chains. A $2 billion 'strategic response fund' was also created to help affected workers Live Events Dropping EV sales compound the pressure Automakers face added strain from declining EV demand. April's data from Statistics Canada showed EVs made up only 7.5 percent of new sales, a sharp decline from record highs of 18.29 percent in December 2024. David Adams, CEO of Global Automakers of Canada , warned bluntly: 'There's no way that manufacturers are going to be able to meet their targets for 2026.' Canada's zero-emission vehicle mandate requires 20 percent EVs by 2026, rising to 100 percent by 2035. Trade brinkmanship and revival The trade talks had stalled late in June after Canada introduced a 3 percent digital services tax on large US tech companies. President Trump branded it a 'blatant attack' and froze trade negotiations. But Canada withdrew the tax on June 30, prompting the restoration of talks and a firm July 21 deadline to finalize a new Canada–US economic and security agreement Carney emphasized the need for a 'made‑in‑Canada supply chain' and greater trade partner diversification, redesigning economic policy 'to maximize US impact while minimizing harm at home'. But the automakers say the immediate pressures from steep tariffs to EV mandates are pushing their production models to the brink. Why this matters in the US Across-the-border effects : Tariff turbulence could increase vehicle prices in both countries. Shared industry risks : The auto supply chain spans the border, shutdowns in Canada ripple into US parts plants and dealerships. Cale ndar pressure : With just over two weeks until the July 21 deadline, failure to strike a deal risks escalating tariffs and retaliatory moves.
Toronto Star
9 hours ago
- Automotive
- Toronto Star
Carney meets with automotive sector CEOs as U.S. trade talks continue
OTTAWA - Prime Minister Mark Carney met with automotive sector CEOs Wednesday morning to discuss U.S. tariffs and ways to protect Canadian supply chains from the trade war with the United States. A spokeswoman for the Prime Minister's Office said the CEOs of Ford Canada, Stellantis Canada and GM Canada met with Carney, along with Brian Kingston of the Canadian Vehicle Manufacturers' Association.
National Observer
13 hours ago
- Automotive
- National Observer
Carney meets with auto CEOs as US trade talks continue
Prime Minister Mark Carney met with automotive sector CEOs Wednesday morning to discuss U.S. tariffs and ways to protect Canadian supply chains from the trade war with the United States. A spokeswoman for the Prime Minister's Office said the CEOs of Ford Canada, Stellantis Canada and GM Canada met with Carney, along with Brian Kingston of the Canadian Vehicle Manufacturers' Association. A brief readout from the Prime Minister's Office said the group discussed "the need to build up a made-in-Canada supply chain as well as diversify our trading partners." U.S. President Donald Trump has said repeatedly that the U.S. does not need Canadian cars and he wants to see automotive companies move all production to the U.S. The U.S. has imposed 25 per cent tariffs on vehicles manufactured in Canada, with a carve-out for components built in the U.S. through the highly integrated vehicle supply chain. "I think it's good and useful for the prime minister to be meeting with the Detroit-based automakers … I think we're also hopeful that we're going to have an opportunity to meet with the prime minister as well," said David Adams, president and CEO of the Global Automakers of Canada, which represents 26 European and Asian auto brands including Toyota and Honda. Adams said one key issue for automakers is the government's zero-emission vehicle mandate, which is set to kick in next year and was the target of recent Conservative attacks in the House of Commons. Canada's auto manufacturers have called on the government to repeal the mandate. Electric vehicles remain more expensive than their gas-powered equivalents, and sales fell in the winter after the federal $5,000 vehicle rebates ran out of funding. Between January and March, zero-emissions vehicles made up only 8.11 per cent of all new vehicle sales in Canada — a drop from the 16.5 per cent recorded in the fourth quarter of 2024 — Statistics Canada data shows. The monthly share of new vehicle sales going to EVs never dropped below 10.65 per cent in 2024 and peaked at 18.29 per cent in December. In April of 2025 — the month for which Statistics Canada has the most recent data — EV sales dropped to 7.53 per cent of all new vehicle sales in Canada. Environment Minister Julie Dabrusin confirmed last month the government was working to bring back an EV rebate of some kind, but wasn't sure yet if it would restore the old program or be something new. The government's EV sales mandate states that at least 20 per cent of new light-duty vehicles offered for sale in 2026 must be zero-emission. That share is supposed to rise each year until it reaches 100 per cent in 2035. "There's no way that manufacturers are going to be able to meet their targets for 2026," Adams said. "My sense of the prime minister is that he's a pretty pragmatic person, and I think he'd be wanting to work with the industry to remove a barrier or an irritant that was both costly and problematic, so that we can frankly focus our efforts on the larger issue at hand, which is the trade relationship with the United States." Canada and the U.S. are back at the bargaining table after Trump called a halt to trade talks over Canada's plan to impose a digital services tax on multinational tech firms — a plan the Carney government called off Sunday evening. Carney has said he wants a new Canada-U.S. trade deal in place by July 21 and if that deadline isn't met, he'll boost Canadian trade countermeasures.
CBC
14 hours ago
- Automotive
- CBC
Carney meets with car industry CEOs as U.S. trade talks continue
Social Sharing Prime Minister Mark Carney met with automotive sector CEOs Wednesday morning to discuss U.S. tariffs and ways to protect Canadian supply chains from the trade war with the United States. A spokesperson for the Prime Minister's Office (PMO) said the CEOs of Ford Canada, Stellantis Canada and GM Canada met with Carney, along with Brian Kingston of the Canadian Vehicle Manufacturers' Association. A brief readout from the PMO said the group discussed "the need to build up a made-in-Canada supply chain as well as diversify our trading partners." U.S. President Donald Trump has said repeatedly that the U.S. does not need Canadian cars and he wants to see automotive companies move all production to the U.S. The U.S. has imposed 25 per cent tariffs on vehicles manufactured in Canada, with a carve-out for components built in the U.S. through the highly integrated vehicle supply chain. "I think it's good and useful for the prime minister to be meeting with the Detroit-based automakers. I think we're also hopeful that we're going to have an opportunity to meet with the prime minister as well," said David Adams, president and CEO of the Global Automakers of Canada, which represents 26 European and Asian auto brands including Toyota and Honda. Adams said one key issue for automakers is the government's zero-emission vehicle mandate, which is set to kick in next year and was the target of recent Conservative attacks in the House of Commons. Canada's auto manufacturers have called on the government to repeal the mandate. Kingston told CBC News that he intended to raise the issue with the prime minister. "The EV mandate itself is not sustainable. The targets that have been established cannot be met," Kingston said on his way into the meeting. Conservative MP and industry critic Raquel Dancho echoed the industry's call for a repeal of the mandate. "I think it's very irresponsible and unfortunately quite in line with the lack of serious action that is needed at this time, more than ever, from the Liberals," Dancho told CBC News. "It is my hope and expectation that they will see the light." EV sales drop after rebates run out Electric vehicles remain more expensive than their gas-powered equivalents, and sales fell in the winter after the $5,000 federal vehicle rebates ran out of funding. Between January and March, zero-emission vehicles made up only 8.11 per cent of all new vehicle sales in Canada — a drop from the 16.5 per cent recorded in the fourth quarter of 2024 — Statistics Canada data shows. The monthly share of new vehicle sales going to EVs never dropped below 10.65 per cent in 2024 and peaked at 18.29 per cent in December. In April — the most recent Statistics Canada data available — EV sales dropped to 7.53 per cent of all new vehicle sales in Canada. Environment Minister Julie Dabrusin confirmed last month the government was working to bring back an EV rebate of some kind, but wasn't sure yet if it would restore the old program or be something new. The government's EV sales mandate states that at least 20 per cent of new light-duty vehicles offered for sale in 2026 must be zero-emission. That share is supposed to rise each year until it reaches 100 per cent in 2035. "There's no way that manufacturers are going to be able to meet their targets for 2026," Adams said. He said the targets are "costly and problematic," and their removal would allow Canada's auto industry to better focus on the trade relationship with the U.S. Adams thinks Carney could be sympathetic to that argument. "My sense of the prime minister is that he's a pretty pragmatic person," he said. Canada and the U.S. are back at the bargaining table after Trump called a halt to trade talks over Canada's plan to impose a digital services tax on major tech firms — a plan the Carney government called off Sunday evening.
Hamilton Spectator
15 hours ago
- Automotive
- Hamilton Spectator
Carney meets with automotive sector CEOs as U.S. trade talks continue
OTTAWA - Prime Minister Mark Carney met with automotive sector CEOs Wednesday morning to discuss U.S. tariffs and ways to protect Canadian supply chains from the trade war with the United States. A spokeswoman for the Prime Minister's Office said the CEOs of Ford Canada, Stellantis Canada and GM Canada met with Carney, along with Brian Kingston of the Canadian Vehicle Manufacturers' Association. A brief readout from the Prime Minister's Office said the group discussed 'the need to build up a made-in-Canada supply chain as well as diversify our trading partners.' U.S. President Donald Trump has said repeatedly that the U.S. does not need Canadian cars and he wants to see automotive companies move all production to the U.S. The U.S. has imposed 25 per cent tariffs on vehicles manufactured in Canada, with a carve-out for components built in the U.S. through the highly integrated vehicle supply chain. 'I think it's good and useful for the prime minister to be meeting with the Detroit-based automakers … I think we're also hopeful that we're going to have an opportunity to meet with the prime minister as well,' said David Adams, president and CEO of the Global Automakers of Canada, which represents 26 European and Asian auto brands including Toyota and Honda. Adams said one key issue for automakers is the government's zero-emission vehicle mandate, which is set to kick in next year and was the target of recent Conservative attacks in the House of Commons. Canada's auto manufacturers have called on the government to repeal the mandate. Electric vehicles remain more expensive than their gas-powered equivalents, and sales fell in the winter after the federal $5,000 vehicle rebates ran out of funding. Between January and March, zero-emissions vehicles made up only 8.11 per cent of all new vehicle sales in Canada — a drop from the 16.5 per cent recorded in the fourth quarter of 2024 — Statistics Canada data shows. The monthly share of new vehicle sales going to EVs never dropped below 10.65 per cent in 2024 and peaked at 18.29 per cent in December. In April of 2025 — the month for which Statistics Canada has the most recent data — EV sales dropped to 7.53 per cent of all new vehicle sales in Canada. Environment Minister Julie Dabrusin confirmed last month the government was working to bring back an EV rebate of some kind, but wasn't sure yet if it would restore the old program or be something new. The government's EV sales mandate states that at least 20 per cent of new light-duty vehicles offered for sale in 2026 must be zero-emission. That share is supposed to rise each year until it reaches 100 per cent in 2035. 'There's no way that manufacturers are going to be able to meet their targets for 2026,' Adams said. 'My sense of the prime minister is that he's a pretty pragmatic person, and I think he'd be wanting to work with the industry to remove a barrier or an irritant that was both costly and problematic, so that we can frankly focus our efforts on the larger issue at hand, which is the trade relationship with the United States.' Canada and the U.S. are back at the bargaining table after Trump called a halt to trade talks over Canada's plan to impose a digital services tax on multinational tech firms — a plan the Carney government called off Sunday evening. Carney has said he wants a new Canada-U.S. trade deal in place by July 21 and if that deadline isn't met, he'll boost Canadian trade countermeasures. This report by The Canadian Press was first published July 2, 2025.
