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auto industry

GM to take $1.6B hit after US cuts EV tax incentives
Oct 14, 2025

GM to take $1.6B hit after US cuts EV tax incentives

General Motors will record a negative impact of $1.6 billion in its next quarter after tax incentives for electric vehicles were slashed by the U.S. and rules governing emissions are relaxed. Shares fell less than 2% before the opening bell Tuesday. The EV tax credit ended last month. The clean vehicle tax credit was worth $7,500 for new EVs and […]

U.S. automakers warn of fallout from Japan trade deal
Jul 23, 2025

U.S. automakers warn of fallout from Japan trade deal

WASHINGTON (AP) — U.S. automakers are concerned about President Donald Trump‘s agreement to tariff Japanese vehicles at 15%, saying they will face steeper import taxes on steel, aluminum and parts than their competitors. “We need to review all the details of the agreement, but this is a deal that will charge lower tariffs on Japanese autos with […]

Canadian Prime Minister Mark Carney boards a government plane in Ottawa, Ontario, Monday, May 5, 2025, en route to Washington for a meeting with U.S. President Donald Trump on Tuesday. (Adrian Wyld/The Canadian Press via AP)
May 6, 2025

Trump insults Canada ahead of its prime minister’s arrival at the White House

Trump gives new Canadian PM Mark Carney a cold welcome, questioning U.S. dependence on Canada amid rising trade tensions and sovereignty disputes.

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