������ý

Volvo Group profit slumped 29% year over year in the first quarter of 2025 as uncertainty around tariffs and the impact on global trade hurt truck demand in North America and Europe.

But in a private speech in Washington for JPMorgan Chase, Treasury Secretary Scott Bessent also cautioned that talks between the United States and China had yet to formally start.

Ford has adjusted shipments to China from the United States as a result of retaliatory tariffs, the automaker confirmed.

Volkswagen may build some Audi cars in the U.S. in a bid to avert President Donald Trump’s tariffs, its chief executive told Frankfurter Allgemeine Zeitung in an interview April 18.

Mazda will pause exporting one model type to Canada that it makes in the U.S. as a temporary countermeasure to President Donald Trump’s tariffs, a spokesperson said April 18.

The truck manufacturer confirmed earlier reports about the layoffs. The decision was made in the face of economic and regulatory uncertainty that has put downward pressure on orders.

Ford is preparing to raise prices on cars rolling off assembly lines starting next month if President Donald Trump doesn’t deliver on the tariff relief he has hinted at for automakers.

Maryland and Massachusetts have temporarily scuttled enforcing their California-based heavy truck emissions laws in deference to manufacturer difficulties.

Leaders at two truck driving trade groups are expressing “serious concerns” to federal regulators that lax entry-level driver training enforcement may be jeopardizing public safety.