car
Car owners in California said a bear caused interior damage to their luxury vehicles.The California Department of Insurance said the “bear” was actually a person in a costume.They accused them of defrauding insurance companies out of more than $140,000. Four Californians said a bear damaged their luxury car, but insurers…
By Christoph Steitz FRANKFURT (Reuters) -Potential import tariffs under the U.S. presidency of Donald Trump may benefit BMW (ETR:), its CEO said on Wednesday, even as shares in the German premium carmaker and its rivals plummeted due to concerns the sector would be hurt by escalating trade disputes. Fears over…
Tesla’s falling California sales point to bigger problems for the car company.Changes to the EV market are finally catching up to Tesla.Some customers and investors are losing patience with Musk’s political antics. Tesla is losing some ground in its home state of California, signaling more trouble ahead for the world’s…
The Auto Train is a nonstop Amtrak route between Virginia and Florida. Passengers must bring their own vehicle, which is loaded onto the train to make the trip with them. I enjoy the Auto Train — it’s a great way to save about 900 miles of driving on busy highways.…
BMW CEO Oliver Zipse says a 2035 gasoline ban will hit the European auto industry.Easing the ban, he said, would help reduce the EU’s reliance on China for batteries.Zipse’s warnings come amid fears in the auto industry of a Darwinistic price war with China. The European Union needs to move…
By Nick Carey PARIS (Reuters) -Chinese and European automakers went head-to-head at the Paris car show on Monday, with tensions running high as the EU gears up to impose hefty import tariffs on Chinese-made electric vehicles and the industry struggles with weak demand. This year’s event – the largest car…
By Nora Eckert and David Shepardson DETROIT/WASHINGTON (Reuters) -Republican presidential candidate Donald Trump on Thursday will propose making all interest on car loans fully tax-deductible and taking steps to prevent Chinese automakers from selling vehicles in the United States, according to excerpts of a speech seen by Reuters ahead of…
Trump announced a new tax proposal to appeal to car buyers and the auto industry.It took him a while to get to that. Along the way, he denigrated Detroit, where he was speaking.He also announced his daughter Tiffany was pregnant and mused about the word “grocery.” On Thursday, former President…
Longshoremen went on strike on Tuesday, shutting down East and Gulf Coast ports.A prolonged strike would most heavily affect automakers importing vehicles from Europe.Car companies currently have plenty of inventory, enough to sustain 77 selling days. Dock workers across the East and Gulf Coasts of the United States went on…
European auto stocks may not experience an immediate boost following central bank interest rate cuts, despite hopes for increased affordability in new vehicles, Morgan Stanley pointed out in a note to clients on Wednesday. Historically, the sector does not react quickly to rate cuts, and weak underlying demand, combined with…