European automotive manufacturers expressed deep concern over new U.S. tariffs on foreign-made vehicles, calling it a critical moment for the industry amid rising global competition.
U.S. President Donald Trump signed an executive order imposing a 25% tariff on imported cars and light trucks. The Automobile Manufacturers’ Association (ACEA) warned the move could harm both global automakers and US domestic manufacturing.
ACEA Director General Sigrid de Vries emphasized that European automakers have long invested in the US, creating jobs and boosting local economies. She urged Trump to reconsider, highlighting that tariffs will not only raise costs for American consumers but also impact auto parts, hurting U.S.-based production for exports.
With 50–60% of European-made vehicles in the U.S. exported, ACEA stressed the industry's positive trade balance contribution and called for urgent EU-US dialogue to prevent a trade war.
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Chinese automaker Chery has denied an industry-ministry audit that disqualified more than $53 million in state incentives for thousands of its electric and hybrid vehicles, insisting it followed official guidance and committed no fraud.
Sweden-based Volvo Cars announced plans to cut around 3,000 jobs, mostly office positions in Sweden, affecting about 15% of its white-collar workforce.
A new wave of attacks targeting French prisons has emerged overnight, with cars set on fire at several facilities, including at the Tarascon prison in southern France.
Concern over impending 25% tariffs on vehicles imported from Mexico and Canada has spurred U.S. car buyers to expedite their purchases, with many racing to dealer lots to lock in current prices before any increases take effect.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
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The Netherlands has become the first NATO member to commit funds under a new military financing plan for Ukraine, pledging €500 million (around $578 million) to support Kyiv’s defence needs.
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