Auto Industry

Semafor reported on October 11 that China and the European Union have reached an agreement on minimum-price and quota arrangements for Chinese hybrid-vehicle exports to the bloc. The deal is the most significant compromise between Brussels and Beijing in the automotive sector since 2019 and is expected to ease trade tensions that intensified after the EU imposed countervailing duties on Chinese electric and hybrid vehicles. The framework is also expected to reopen market access for German automakers in China.

Following the collapse of US-Canada trade talks, President Trump threatens additional auto tariffs on Canadian vehicles. PM Carney vows retaliation. The North American auto supply chain faces severe disruption as small businesses on both sides face existential crisis.

[Brief] Mercedes and Porsche Announce New Cost-Cutting Plans Mercedes-Benz and Porsche have finalized new cost-cutting plans amid mounting tariff pressures, shifting market demand, and global trade friction. Both German luxury automakers face fierce competition from Chinese electric vehicle brands, while US tariff policies further squeeze profit margins. The measures are expected to cover supply chain optimization, production efficiency improvements, and adjustments to certain non-core business lines. 编辑：GoodInfo全球资讯组

US President Trump announced he will raise tariffs on EU imported cars from the current 15% to 25%, escalating transatlantic trade tensions.