4 Articles
New car sales in Europe up 21.4% in December

2019 was the sixth consecutive year of growth in the European Union

Porsche Taycan demand exceeds expectations in Europe

30,000 customers have made down payments and 10,000 have placed firm orders

Porsche has taken down payments from 30,000 customers in Europe for its Taycan, the luxury car maker's first fully electric model, CEO Oliver Blume told Germany's Handelsblatt newspaper. Porsche, which is starting shipment of the Taycan to U.S. dealerships this month and to other markets shortly thereafter, is planning to deliver 20,000 Taycans in 2020.

Trump administration could still impose tariffs on imported cars

The Commerce Department might need to a launch a new investigation first

U.S. Commerce Secretary Wilbur Ross said on Tuesday the Trump administration has not ruled out imposing tariffs on imported autos, after letting a review period end in November with no action. U.S. President Donald Trump did not announce any new tariffs after a six-month, self-imposed review period expired in mid-November following a Commerce Department "Section 232" investigation into whether imported autos pose a national security threat.

Automakers expect Trump to delay tariff decision for Japan and EU

Officials have asked foreign automakers for a tally of investments they've made in the U.S.

Major automakers think U.S. President Donald Trump will again this week push back a self-imposed deadline on whether to put up to 25% tariffs on national security grounds on imported cars and parts from the European Union and Japan amid an ongoing trade war with China, five auto officials told Reuters. The anticipated delay -- expected to be announced later this week -- comes as foreign automakers are eager to highlight U.S. investments to try to dissuade Trump from using tariffs that they argu