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The US automotive group, which also includes General Motors, Volkswagen and Toyota Motor, intends to inform the US Department of Commerce that the introduction of 25 percent tariffs on imported cars and parts will increase the price of cars in the US by 83 billion dollars a year, and will also lead to the loss of hundreds of thousands of jobs, Reuters reports. The statement said: “Higher tariffs on cars will damage American families and workers along with the economy, they will raise the price of an imported car by almost $6,000 and the price of an American car by $2,000.”
The self-driving car company Waymo LLC and Fiat Chrysler Automobiles NV (FCHA.MI) signed a partnership deal on Wednesday to fully develop self-driving cars, pickups, and SUVs. Waymo, an Alphabet Inc. (GOOGL.O) unit, and Fiat Chrysler said ...
The United Auto Works (UAW) said on Wednesday night that discussions with Detroit’s major automakers are still inching towards safely reopening U.S. production plants. Collectively known as Detroit’s Big Three, Ford Motors Co, ...
The dollar rose against the currencies of oil producers on Thursday as a bounce in oil prices partly calmed investors amid a collapse in global demand. The euro steadied against the dollar and the pound ahead of an EU meeting on economic response ...
The British pound will have recovered its losses against the dollar in a year. However, analyst forecasts a month ago were cut as the coronavirus continues to create chaos. The pound declined in recent weeks as concerns about the pandemic’s ...
Asian stocks managed to find its momentum on Tuesday as U.S. Federal Reserve’s funding plan temporarily relieved market sentiment from pressing losses in financial markets. However, the said scheme seemed inadequate in addressing the ...
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