Opel cars are parked at the Opel car factory in Ruesselsheim near Frankfurt, Germany. (Michael Probst/AP) FRANKFURT, Germany — European automakers, already struggling with tepid economic growth at home and rising competition from China, on March 27 decried the U.S. import tax on cars as a heavy burden that will punish consumers and companies alike ...more
(David Paul Morris/Bloomberg) President Donald Trump’s promised tariffs on softwood lumber risk disrupting the supply chain for something nobody wants to be caught without: toilet paper. The Trump administration plans to almost double duties on Canadian softwood lumber to 27%, with the possibility of additional levies pushing the rate to more than 50%. While Trump ...more
Unifor auto workers stand behind Canadian Prime Minister Mark Carney during a campaign stop at the Ambassador Bridge in Windsor, Ontario, on March 26. (Frank Gunn/The Canadian Press via AP) TORONTO — Canadian Prime Minister Mark Carney said March 26 that U.S. President Donald Trump’s auto tariffs are a “direct attack” on his country and ...more
A car factory in Slovakia. (Akos Stiller/Bloomberg News) As the fallout from President Donald Trump’s tariff plans comes into relief, a harsh truth is emerging for the automotive industry: There are lots of losers and not many winners. From South Korea’s Hyundai Motor Co. to Germany’s Volkswagen AG and America’s own General Motors Co., many ...more
Canada Prime Minister Mark Carney says “nothing is off the table” when it comes to defending Canada, its workers and businesses. (David Kawai/Bloomberg News) Prime Minister Mark Carney says Canada will fight back against President Donald Trump’s trade war and his tariffs on the auto sector, but he did not outline any new retaliatory measures ...more
With Intellistop technology, when a truck’s brakes are applied the brake lights flash four times in two seconds and then maintain their normal level of illumination until the brakes are released and reapplied. (steverts/Getty Images) For nearly five years, Michelle Hanby, CEO of Arkansas-based Intellistop, has faced setbacks in her efforts to secure federal approval ...more
As yet, with no timeline announced and no changes to the statute book, OEMs are pressing ahead with pre-existing plans. (vitpho/Getty Images) Class 8 truck and engine manufacturers remain on schedule to meet upcoming changes to emissions regulations, they say, but are retaining the flexibility to alter their current rollout schedules should the Trump administration ...more
The average retail sale price for a used Class 8 truck in February dropped 13.1% year over year to $53,882 from $62,004. (Bim/Getty Images) Used Class 8 truck sales declined year over year in February with market uncertainty making it difficult to predict whether to invest in equipment, ACT Research reported. Sales volume slipped 0.9% ...more
“The 2021 Infrastructure Investment and Jobs Act failed to allocate dedicated funding for truck parking initiatives,” Elliott said. (photovs/Getty Images) WASHINGTON — Transportation stakeholders pressed for major expansions to truck parking capacity during a congressional hearing where policymakers highlighted the contributions truck drivers make to the nation’s economy. “Despite the importance of trucking to our ...more
“We’re going to continue to stay focused on our agenda,” Thune told reporters March 25. (Allison Robbert/Bloomberg) WASHINGTON — Ahead of the upcoming Easter recess, consideration of Trump administration nominees and a comprehensive budget and tax bill will dominate the Senate’s agenda, Majority Leader John Thune announced recently. As early as April, Republicans governing in ...more
