Economics

No White House Decision on Car Tariffs

November 14, 2018 at 12:58 AM

A Trump administration decision on import tariffs for cars and components awaits further revisions to a U.S. Dept. of Commerce analysis of their merit.

Honda Moves Acura SUV Production from U.S. to China

November 13, 2018 at 1:08 AM

Honda Motor Co. has stopped shipping American-made Acura RDX midsize crossover vehicles to China and is assembling them locally instead, The Nikkei reports.

Petroleum Use by Cars to Peak in 2025

November 13, 2018 at 12:13 AM

Global consumption of petroleum-based fuels will plateau in seven years, even as car sales continue to grow, says the Paris-based International Energy Agency.

White House to Meet Tomorrow on Auto Tariffs

November 12, 2018 at 4:25 PM

The White House’s top trade negotiators will meet on Nov. 13 to discuss a broad plan to impose import tariffs on foreign cars for the sake of protecting national security, sources tell Bloomberg News.

U.S. Fuel Prices Continue to Slide

November 12, 2018 at 3:16 PM

The average price of gasoline in the U.S. begins this week at $2.70 per gallon, down 6 cents over the past week and 21 cents from a month ago, according to motor club group AAA.

Volvo Cuts Car Shipments Between China and U.S.

November 08, 2018 at 3:20 PM

Volvo Car Corp. says the U.S.-China trade war has prompted it to cancel plans to ship S60 sedans to China from its new U.S. factory in South Carolina.

Oil Prices Sink to 7-Month Low

November 06, 2018 at 1:31 PM

The price of petroleum has dropped to a seven-month low in the past week, apparently because of efforts by President Donald Trump to reverse a run-up in prices caused by impending U.S. sanctions against Iran.

U.S. Trade Deficit Grows

November 02, 2018 at 9:55 AM

The U.S. trade deficit widened by $700 million in September to $54 billion, the Dept. of Commerce reports.

FCA May Scrap Plan to Move Pickup Production from Mexico

October 29, 2018 at 4:51 PM

CEO Mike Manley says Fiat Chrysler Automobiles NV may reverse a decision to shift production of heavy-duty Ram 1500 pickup trucks from Mexico to Michigan in 2020.

U.S. Economy Expands 3.5% in Third Quarter

October 26, 2018 at 11:52 AM

The U.S. economy grew by an annualized 3.5% in the third quarter, according to preliminary data from the Dept. of Commerce.

Fuel Prices Finally Drop in U.S.

October 22, 2018 at 3:24 PM

The average price of a gallon of unleaded gasoline in the U.S. declined 4 cents to $2.85 per gallon this week, AAA reports.

Ford Says Tariffs Make Steel from U.S. Costliest Anywhere

October 22, 2018 at 2:55 PM

Ford Motor Co. says U.S. tariffs on imported steel have made the domestically produced metal the world’s most expensive.