President Donald Trump welcomes South Korea’s President Moon Jae-In at the White House in Washington, U.S., May 22, 2018. Carlos Barria | Reuters DETROIT — As President Donald Trump threatens to further increase tariffs on U.S. trading partners, the greatest impact for the auto industry outside of North America would be additional levies on South … Read more
Sweden’s Volvo Cars on Thursday reported a 12% rise in full-year operating income and record revenue, but warned of severe market challenges ahead from intensifying electric vehicle competition and global tariffs. The automaker, which is majority-owned by China’s Geely Holding, said operating income came in at 22.3 billion Swedish kronor ($2.04 billion) in 2024 amid an … Read more
Nissan will be the victim of cost-cutting “carnage” if it combines forces with Japanese peer Honda, former Nissan CEO Carlos Ghosn told CNBC on Tuesday. “I think, without any doubt, Honda is going to be in the driver’s seat, which is very sad to see after having led Nissan for 19 years [and] brought Nissan … Read more
A television station broadcasts Jerome Powell, chairman of the U.S. Federal Reserve, on the floor of the New York Stock Exchange in New York, U.S., on Wednesday, Dec. 18, 2024. Michael Nagle | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up … Read more
In an aerial view, brand new Honda cars are displayed on the sales lot at Honda Marin on February 06, 2024 in San Rafael, California. Honda announced the recall of 750,000 vehicles in the U.S. for an air bag defect that could unintentionally deploy the air bags in a collision. Justin Sullivan | Getty Images … Read more