Volvo said it was on track for a fifth consecutive year of record vehicle sales despite rising trade tensions after second-quarter operating profit rose 29 percent to 4.2 billion Swedish crowns ($474 million).
A wide spectrum of auto interests, armed with the latest impact studies, will warn at a Commerce Department hearing Thursday that raising auto tariffs would severely harm the industry and consumers.
Brose Group CEO Kurt Sauernheimer and Brose North America President Frank Lubischer talked tariffs, technology production and emissions with reporters Wednesday.
A threat by the government to impose tariffs of up to 25 percent on imported auto parts could hit consumers in unexpected ways: higher repair costs, insurance premiums and even the theft of more cars for their parts, the industry said.
Fiat Chrysler Automobiles CEO Sergio Marchionne likely will miss the automaker’s planned July 25 announcement of its second-quarter earnings as he recovers from recent surgery, according to an Italian media report.
GM, fighting a lawsuit claiming it unlawfully used an outdoor mural in its advertising, contends that since the mural is painted on an “architectural work,” the automaker cannot be held liable for copyright infringement.
President Donald Trump said he may prioritize a bilateral trade deal with Mexico over Canada and that he’s building a good rapport with Mexican President-elect Andres Manuel Lopez Obrador.
A government audit faulted NHTSA’s oversight of auto recalls and said the agency’s ‘delayed action’ may have hindered the callbacks of vehicles with defective Takata airbags.
Ford’s upcoming 2019 Edge ST — the automaker’s first crossover to carry a performance badge — will cost about $1,500 more than the outgoing Edge Sport trim it replaces.
Penske Automotive Group will install Reynolds and Reynolds Co.’s docuPAD systems in its new-vehicle stores in the U.S., deepening its relationship with Reynolds.