Tag: autos
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South Korean Auto Stocks Slide as Trump Plans Tariffs
Overview: Tariff Threat Hits South Korean Automakers Shares of South Korean automobile manufacturers plunged Tuesday after U.S. President Donald Trump raised tariffs on Asia’s fourth-largest economy, signaling renewed protectionist pressure that could ripple through global auto supply chains. The move comes amid fraught negotiations and a broader debate about how Washington will balance trade policies…
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Mumbai CNG Mayhem: What It Means for Autos, Taxis, Schools, and the BEST Fleet
Overview: A City on Pause as CNG Woes Grip Mumbai Mumbai is grappling with a severe CNG crisis following a damaged gas pipeline in Chembur. The incident has halted CNG supplies across the city, forcing autos, taxis, and school buses off the roads. With CNG-equipped fleets unable to operate, the city’s already fragile transport network…
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Mumbai CNG Mayhem: After autos, taxis and school buses, BEST fleet might go off roads today – all you need to know
Overview: A city on hold as CNG trouble deepens A ruptured gas pipeline in Chembur has halted CNG supply across Mumbai, triggering a cascade of disruption that began with auto-rickshaws and taxis and now threatens the city’s entire bus networks. The shortage has forced several modes of transport off the roads, leaving thousands of residents…
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South Korea Q3 GDP Surges, Fastest in Over a Year
Strong Q3 Growth Beats Expectations South Korea’s economy expanded at its fastest pace in more than a year in the third quarter, with advance GDP data from the Bank of Korea showing a 1.7% year-on-year increase. This outpaced economists’ expectations, who had penciled in a 1.5% rise. On a quarter-on-quarter basis, GDP grew by 1.2%,…
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Canada must come second to the U.S. in autos, Lutnick warns
Canada must accept a changed auto landscape, Lutnick argues Canada is unlikely to secure a free trade deal without addressing American tariffs in the auto sector, according to Howard Lutnick, the Trump administration’s point man on trade. Speaking at a Canada-U.S. conference in Toronto, Lutnick suggested that the United States intends to dominate auto manufacturing,…