News
China pledges to open economy, rebalance trade amid global tensions
2+ hour, 1+ min ago (338+ words) Premier Li Qiang signals increased imports and foreign investment incentives following a $1.2 trillion trade surplus in 2025. China's Premier Li Qiang on Sunday pledged to further open the country's economy to foreign companies and pursue more balanced trade, following a year…...
Could AI break the economy before it fails?
3+ day, 4+ hour ago (803+ words) Welcome back to the latest episode of The Future of Automotive on CBT News, where we put recent automotive and mobility news into the context of the broader themes impacting the industry." This week on The Future of Automotive, we…...
Feds hold rates steady, GM eyes limited sales impact, BMW debuts i3 sedan
4+ day, 55+ min ago (66+ words) Federal Reserve holds interest rates steady amid inflation, war, and labor uncertainty. Read More GM sees limited sales impact from gas price rise amid Iran conflict, CFO says. Read More BMW's new i3 brings 3 Series design to all-electric sedan lineup. Read…...
Federal Reserve holds interest rates steady amid inflation, war, and labor uncertainty
4+ day, 2+ hour ago (182+ words) The Fed maintains its benchmark rate at 3.5%-3.75% while signaling potential future rate cuts amid higher inflation, labor market concerns, and geopolitical risks. The Federal Reserve voted Wednesday to keep its key interest rate unchanged in a widely expected 11-1 decision, leaving…...
Manheim index climbs in early March as wholesale prices strengthen
4+ day, 4+ hour ago (315+ words) Cox Automotive data shows wholesale used-vehicle prices, sales conversion, and retention trending above seasonal norms in the first half of March. The Manheim Used Vehicle Value Index (MUVVI) rose to 213.4 in the first 15 days of March, signaling continued strength in…...
Japan automakers deliver robust pay hikes as Middle East tensions cloud outlook
5+ day, 3+ hour ago (385+ words) Strong annual wage gains across Japan's auto sector highlight labor pressures, though rising oil prices and geopolitical risks cloud the outlook. Major Japanese companies, including Toyota, agreed to significant wage increases in annual labor talks, extending a streak of strong…...
Honda reports $1.7 billion operating loss amid tariffs and supply chain risks
2+ week, 3+ day ago (217+ words) Honda posted an operating loss of $1.7 billion for the last nine months of 2025, as tariffs, semiconductor shortages, and risks to its rare-earth supply chain challenged its competitiveness. Image Source | Honda Global Honda disclosed a 267 billion yen ($1.7 billion) operating loss for…...
Honda revives reverse imports with US-made models for Japan
3+ week, 2+ hour ago (387+ words) Acura will enter Japan for the first time amid eased import rules. 2026 Honda Passport TrailSport Elite | Image Source: Honda " Honda will export U.S.-built Integra Type S and Passport to Japan in 2026. " The Acura brand will debut in Japan for the…...
Honda car business posts loss amid EV impairments and US tariffs
1+ mon, 1+ week ago (177+ words) Despite profitability pressures, Honda will maintain its annual sales targets. Honda car business posts loss amid EV impairments and U.S. tariffs Honda Motor reported a loss in its car business in the latest quarter, driven by U.S. tariffs and one-time electric vehicle…...
Fed set to hold rates steady as auto industry watches financing costs and policy uncertainty
1+ mon, 3+ week ago (422+ words) With no rate change expected, automakers and dealers are focused on guidance around future cuts, borrowing costs, and broader economic risks. The Federal Reserve is expected to leave interest rates unchanged when its policy meeting concludes later today, a decision…...