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Automakers are facing an unprecedented shift in the industry — and it's great news for consumers

Your daily selection of the hottest trending tech news!

According to Business Insider

 

  • The auto industry is usually thought of as a cyclical business, but the current US sales boom has lasted longer than expected.
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Tech News

China Just Gave a Big Concession to Foreign Automakers. It's Likely to Please Tesla—And Trump

One of President Donald Trump’s main gripes about China’s trade conditions has been about cars—he doesn’t like the fact that China levies a 25% tariff on imported American cars, while Chinese-made cars only attract a 2.5% tariff when they enter the U.S. 274 more words

International

Nikkei climbs to near 1-month high after Xi's speech lifts mood, automakers

TOKYO, April 10 (Reuters) – Japanese stocks rose to a near one-month high on Tuesday, led by automakers after Chinese President Xi Jinping promised to lower import tariffs on products including cars, indirectly addressing some of the U.S. 15 more words

Aerials Middlesbrough

Can a city run on car batteries? The 'vehicle-to-grid' idea might just work

When Damien Maguire moved to the countryside outside Dublin, he struggled to keep the lights on at home because of the town’s constant power outages. He found a solution inside his electric cars: their batteries. 176 more words

EPA wants to give automakers a break on fuel economy rules. But that might not help

The Environment Protection Agency wants to give automakers a break on emissions rules established under the Obama Administration. But that might not be enough to help manufacturers. 556 more words

News

Automakers team up with states to get Americans to buy more electric cars

(Source: www.theverge.com)

In 2017, nearly 200,000 electric cars were sold in the US. That may seem like a lot, but that’s less than 2 percent of the 17 million total vehicles sold over the course of the year. 527 more words

Technology

South Korea allows for increases on US auto imports in exchange for U.S. Steel tariff exemption.

According to Reuters, the US and South Korea agreed on Monday (March 27th, 2018) to revise the KORUS bilateral free trade deal. As part of the deal, South Korea would improve access to U.S. 129 more words