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U.S. Denies GM Tariff Waiver on Buicks from China
6/5/2019General Motors Co. has been denied an exemption from the Trump administration’s 25% import tariff on Buick Envision small crossover vehicles imported from China.
Korea Extends Tax Cut in Bid to Boost Car Sales
6/5/2019South Korea is extending a 30% cut in its consumption tax on cars for another six months to bolster sagging auto sales in the country.
China Fines Ford Changan for Violating Anti-Monopoly Laws
6/5/2019Ford Motor Co.’s joint venture with Changan Automobile Group has been fined 163 million yuan ($24 million) for violating China’s anti-monopoly law, Reuters reports.
Republican Party Backlash Grows Over Trump’s Mexico Tariff
6/5/2019Several Republican senators warned the White House yesterday that President Donald Trump can expect diminished support at best for his plan to launch a 5% import tax on Monday for goods from Mexico.
Mahindra to Hike EV Capacity Nearly Fivefold
6/5/2019Mahindra & Mahindra Ltd. says it will invest 10 billion rupees ($144 million) over three years to hike its annual capacity to make electric cars to 70,000 units from the current 15,000 vehicles.
GM Patents 8-Speed Dual Clutch Transmission
6/4/2019General Motors Co. has received a U.S. patent for an 8-speed dual-clutch transmission that media reports speculate could be used in the upcoming C8 Chevrolet Corvette.
GM, Michelin Partner on Airless Tires
6/4/2019General Motors Co. is working with Michelin & Cie. to develop airless tires and introduce them in production vehicles by about 2024.
Renault Board to Meet Again on FCA Merger Bid
6/4/2019Renault SA’s board of directors says it will continue late tomorrow afternoon to review a merger bid from Fiat Chrysler Automobiles NV.
Colorado Will Push Plan to Force EV Sales
6/4/2019Colorado says it will revive efforts to impose zero-emission targets for carmakers after talks with them stalled over ways to push EV sales voluntarily.
Trump Charges Ahead with Timetable for Mexico Tariff
6/4/2019President Donald Trump reiterates his determination to levy a 5% import tariff on all goods from Mexico beginning June 10, regardless of negotiations to avoid the levy.