By Reuters and published by Yahoo!News Washington/Tokyo – US President Donald Trump struck a trade deal with Japan that lowers tariffs on auto imports and spares Tokyo punishing new levies on other goods in exchange for a $550 billion package of US-bound investment and loans. It is the most significant of a clutch of
Tag: auto
Global automakers say Trump’s tariffs will be painful for them and US consumers
By AP and published by Yahoo!Finance Frankfurt, Germany – Whatever domestic economic gain comes from US President Donald Trump’s new 25% tax on imported cars – and experts are sceptical – automakers around the world are bracing for a lot of pain. In Japan, South Korea, Mexico, Canada and across Europe, the world’s largest
Read moreTrump places 25% tariff on imported autos
By AP and published by Canadian Press and Yahoo!News Washington– US President Donald Trump said on Wednesday (March 26) he was placing 25% tariffs on auto imports, a move the White House claims would foster domestic manufacturing but could also put a financial squeeze on automakers that depend on global supply chains. “This will
Read moreThailand offers guarantee for pickup truck loans to boost flagging auto sector
By Reuters and published by CNA THAILAND is offering a guarantee for loans for pickup trucks, a key segment of its car manufacturing industry, as it seeks to boost a flagging auto sector that saw production slump to a four-year low last year. Thailand is Southeast Asia’s biggest autos production centre and an export
Read moreAuction company gears up for jump in seized vehicles amid spike in defaults
AMID a spike in non-performing loans (NPLs) and risky debts with this likely leading to an increase in seized vehicles Union Auction Plc (AUCT) has now joined hands with garages to increase their lots to cope with the upcoming influx, Matichon newspaper said this evening (June 28). Mr. Waranyu Sila, AUCT’s CEO, said despite
Read more