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Trump announces 25% tariffs on EU cars and trucks; bloc warns of retaliation in trade deal dispute
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US President Donald Trump announced on May 1, 2026, via Truth Social, 25% tariffs on cars and trucks imported from the European Union effective next week, claiming the bloc breached last summer's trade deal. The EU insists it is complying, demands clarifications, and reserves all options for retaliation, as Germany's auto sector braces for heavy impact.
The rupiah's slide to Rp17,500 per US dollar is hitting credit car buyers hardest. Cheap cars and LCGC models are the segments most exposed to possible price and installment rises.
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Hyundai Motor Group announced on May 13 it will join a government-led autonomous vehicle project in Gwangju. Hyundai Motor and Kia will develop around 200 vehicles based on the Ioniq 5.
Stellantis and Leapmotor announced today an expansion of their strategic alliance, including production of a new Opel electric model at the Figueruelas plant in Zaragoza starting in 2028.
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A vehicle is receiving the first fully electronic braking system as part of an ongoing development project.
At the Auto China 2026 in Beijing, Chinese firms like BYD and Geely unveiled advanced electric vehicles with up to 950 km range and fast charging. Some models could reach Mexico, though they target the Chinese market primarily. The US has blocked Chinese car sales.
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PT Mitra Pinasthika Mustika Tbk (MPMX) reported a net profit of Rp173 billion in Q1 2026, up 8% year-over-year despite a 4% decline in net revenue to Rp4.0 trillion. The company improved operational efficiency amid economic slowdown in the automotive sector. Group CFO Beatrice Kartika expressed optimism about sustained performance resilience.
La Libertad Avanza deputy arrives at Congress in Tesla Cybertruck
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Jumanne, 5. Mwezi wa tano 2026, 04:07:36Baden-Württemberg backs away from EU combustion engine ban
Jumamosi, 2. Mwezi wa tano 2026, 23:54:01Electric vehicle sales in Colombia surge 304% in April led by Tesla
Jumamosi, 2. Mwezi wa tano 2026, 21:40:40China showcases advanced EV batteries at Beijing Auto Show