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.
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 resumption of Iraq’s Kurdish oil exports is not expected in the near term, sources familiar with the matter said on Friday, despite an announcement by Iraq’s federal government a day earlier stating that shipments would resume immediately.
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.
A bus and a truck collided in Brazil’s central-western state of Mato Grosso late Friday, leaving 11 people dead and 45 others injured, according to the toll road operator and the federal highway police.
Kazakh President Kassym-Jomart Tokayev and Ukrainian President Volodymyr Zelenskyy held a telephone conversation.
One person was killed and homes and an industrial site were damaged in an overnight Ukrainian drone attack on Russia’s Saratov region, the governor said. Moscow reported 121 drones downed nationwide and briefly halted flights in Saratov.
In a joint statement, the UK, France, Italy, Germany, Poland, Finland and the European Commission said Ukraine alone must decide its future. Their declaration came ahead of U.S. President Donald Trump’s meeting with Russian President Vladimir Putin in Alaska on Friday.
Two wildfires in Türkiye’s northwestern Canakkale province destroyed dozens of homes and forced around 1,000 people to evacuate, officials said.
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