Focusing on production, Trump nominated Sean Duffy, a former US congressman, as secretary of transportation, and Trump, the next US president, nominated Sean Duffy, a former Wisconsin congressman and current Fox News anchor, as secretary of transportation.
If confirmed, Duffy will be responsible for U.S. aviation, automotive, rail and other transportation policies, with a budget of about $110 billion.
The Canadian auto industry is likely to evade US import tariffs, and Canadian auto parts makers Martinrea International and Linama say the Canadian auto industry is likely to circumvent US tariffs on imported cars and auto parts as the next US president, Donald Trump, prepares to increase support for the North American car supply chain.
Rob Wildeboer, executive chairman of Martinrea, said the policies implemented by Trump during his previous presidency were good for the Canadian auto industry.
Focusing on the new trends of traditional car companies, Stellantis will launch a multi-powertrain platform in the United States.
Tang Weishi, CEO of Stellantis, said on November 18 that the company will adapt to the changes in the US car market under the Trump administration and launch a multi-function platform that can offer electric, hybrid or gasoline versions.
NHTSA launched an investigation into more than 110000 Ford SUVs because of seat belt failures, and the National Highway Traffic Safety Administration (NHTSA) said on November 18 that NHTSA had launched a recall investigation of 112567 Ford SUVs because of a faulty seat belt retractor.
NHTSA said it had received three complaints that the car seat belt reel pretensioner would start unexpectedly.
Focusing on electrification, Tesla’s share price and price-to-earnings ratio continued to rise.
Tesla’s share price rose more than 5% after reports that the Tesla team might relax self-driving car rules.
Tesla’s share price has soared nearly 28% since November 5.
the price-to-earnings ratio is also much higher than that of automakers such as GM and Ford, and even higher than technology giants such as Apple and Nvidia.
Lucid CEO: Trump’s elimination of electric car subsidies will have a limited impact on the company.
When asked about the possible impact of Trump’s return to the White House and the elimination of the electric vehicle tax credit, Lucid CEO Peter Rawlinson said: “of all electric car manufacturers, Lucid is actually the least affected.
” Because the company’s Air electric sedan, which starts at $69900, is too expensive to enjoy a U. S. tax credit.
Although some customers can get a $7500 tax credit by renting an Air, the annual household income threshold still excludes many potential customers.
Northvolt is in trouble and Scania is in talks with other battery suppliers.
Christian Levin, CEO of Swedish truck maker Scania, said in an interview that Scania is in talks with several battery manufacturers about the possibility of supplying batteries to its future electric fleet, but remains committed to working with its current partner, the beleaguered Swedish company Northvolt.
Wolfspeed ousted CEO after a slowdown in electric vehicle sales hit growth.
Chipmaker Wolfspeed said on Nov.
18 that its board of directors ousted CEO Gregg Lowe because of the growing challenges posed by slowing demand for electric vehicles.
At the same time, the company appointed Chairman Thomas Werner as executive chairman and said the board was looking for a new chief executive.
Focusing on car market sales, car sales in Vietnam surged 50 per cent in October from a year earlier, and new car sales in Vietnam surged 50 per cent to 35114 in October, according to wholesale data released by the Vietnam Automobile Manufacturers Association (VAMA).
However, the figures represent car sales for the 20 manufacturers that have joined VAMA, excluding brands such as Mercedes-Benz, Hyundai, Tesla and Nissan, as well as sales of local electric carmaker VinFast and a growing number of Chinese brands.
According to another data released by Vietnam’s General Administration of Statistics, all brands in the Vietnamese auto market sold a total of 56301 new cars in October, including 18101 imported cars.
Car sales in Malaysia fell 8% in October from a year earlier, and new car sales in Malaysia fell more than 8% to 69859 in October from 76173 in the same period last year, according to registration data released by the Malaysian Automobile Association (MAA).
During the Indian festival, car retail sales increased by 12% year-on-year, and on November 15, data provided by the Federation of Indian Automobile Dealers Associations showed that, driven by strong demand in rural areas, car sales by Indian dealers to customers increased by about 12% year-on-year during the holiday period (October 3 to November 13), mainly due to “unprecedented” discounts offered by dealers.
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