News - Auto News

Volvo expects record full-year sales despite trade tensions

Volvo said it was on track for a fifth consecutive year of record vehicle sales despite rising trade tensions after second-quarter operating profit rose 29 percent to 4.2 billion Swedish crowns ($474 million).

Auto industry to tell Commerce Dept. to ditch tariff proposal

A wide spectrum of auto interests, armed with the latest impact studies, will warn at a Commerce Department hearing Thursday that raising auto tariffs would severely harm the industry and consumers.

Marchionne, recovering from surgery, may miss FCA's Q2 earnings call

Fiat Chrysler Automobiles CEO Sergio Marchionne likely will miss the automaker's planned July 25 announcement of its second-quarter earnings as he recovers from recent surgery, according to an Italian media report.

U.S. tariffs may raise cost of insurance, parts, drive up auto thefts

A threat by the government to impose tariffs of up to 25 percent on imported auto parts could hit American consumers in unexpected ways: higher repair costs, insurance premiums and even the theft of more cars for their parts, the industry said.

Brose expects $5 million in costs this year from Trump's tariffs

Brose Group CEO Kurt Sauernheimer and Brose North America President Frank Lubischer talked tariffs, technology production and emissions with reporters Wednesday.