A proposal to roll back U.S. auto efficiency requirements contends a preferred plan would cut societal costs by $500 billion through 2029, while increasing fuel consumption by 500,000 barrels daily.
BMW to raise prices of two U.S.-made crossovers in China
German carmaker BMW said it will raise the prices of two U.S.-made crossovers in China to cope with the additional cost of tariffs on U.S. car imports into the world’s biggest auto market.
Toledo Molding and Die plant closes amid competitive pressure on supply chain
Sergio Marchionne’s unexpected death last week eliminated the chance to choreograph a smooth transition, and new CEO Mike Manley’s tenure got off to a rocky start as Fiat Chrysler lowered its earnings guidance for the year and shares dropped.