The US and EU Sign a New Trade Agreement with a Fixed 15% Tariff
Washington and Brussels reached an agreement on a new trade deal just days before the deadline set by US President…
automotive industry
New Car Sales in Europe Fall to a 10-Month Low
In June, new car sales in Europe experienced the largest decline in the last 10 months, posing a serious challenge…
The US and China Agree on New Terms for Trade Relations
The US and China have reached an important framework agreement on normalizing bilateral trade after two days of intense negotiations…
Demand for Imported Used Electric Cars in Ukraine Increased by 40% in May 2025
In Ukraine, 2025 has seen a significant increase in demand for imported used electric cars. In the first five months,…
Japanese Automakers Anticipate Billion-Dollar Losses Due to Trump’s Tariffs
Japanese automakers are concerned about potential billion-dollar losses due to new trade tariffs imposed in the U.S., which has been…
Rivne Automobile Repair Plant Returned to the State Due to Buyer’s Debts
The Rivne Automobile Repair Plant, valued at 2.5 million UAH, has been returned to the state. This decision was made…
Sales of New Cars in Ukraine: April Results for 2025
In April 2025, Ukrainians and local businesses purchased 5,700 new passenger cars, which is 1.2% more compared to the same…
General Motors Reduces Workforce in Canada Due to New U.S. Tariffs
General Motors has announced a significant reduction in its workforce at its Oshawa plant in Ontario, Canada. In response to…
Tesla’s Board of Directors Seeks New CEO to Replace Elon Musk
The board of directors of Tesla has begun an active search for a new CEO who can replace Elon Musk.…
Trump Considers Temporary Suspension of Auto Tariffs to Support Manufacturing
President of the United States Donald Trump announced the possibility of temporarily suspending the 25% tariffs on imported cars to…