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The 50,000-square-foot processing center will be built at Tradepoint Atlantic in the port, and will be equipped to customize, inspect and prepare McLaren vehicles for distribution.

U.K. car manufacturers can export to the U.S. under a 10% tariff starting June 30, a reduction from the 25% rate imposed by President Donald Trump on other countries.

Mexico wants a greater proportion of each auto built in the country to qualify for U.S. origin status, a move that would lower the impact of President Donald Trump’s tariff policies.

The collapse of auto hauler Jack Cooper Transport is expected to provide an initial tailwind for other carriers in the sector. Macroeconomic trends promise decrease in capacity as sales fall.  

President Donald Trump is set to announce changes to the tariffs on Canada and Mexico, with potential relief for autos and other sectors, Commerce Secretary Howard Lutnick said March 5.

The European Union is ready to discuss cutting tariffs on autos and other goods as it seeks to head off a trade war with the U.S., the bloc’s top trade official said Feb. 19 in Washington.

The Better Business Bureau (BBB) is warning Minnesotans about scams in which auto dealers and shippers ask customers to wire money for cars they have bought online.

Investors should watch out for an impending recovery in global auto sales that will steal the limelight from the semiconductor industry and give some comfort to those expecting the global economy to kick up in 2020.

Dana Inc. announced March 29 that shareholders of the United Kingdom-based diversified manufacturer GKN plc voted to accept a rival bid for the company, ending Dana’s pursuit of GKN’s driveline division. London-based investment company Melrose Industries plc won 52% of the vote and will take over the company.

Auto hauler United Road Services said it has acquired the car-hauling division of Waggoners Trucking, a move United Road said would nearly double its capacity.