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President Donald Trump said he would likely impose tariffs on automobile, semiconductor and pharmaceutical imports of around 25%, with an announcement coming as soon as April 2.

Ford Motor Co. is eliminating stock award bonuses for about half of its middle managers in an effort to boost performance as the automaker confronts declining profit and high costs.

Herc Rentals is set to merge with fellow construction equipment supplier H&E Equipment Services after outbidding the largest player in the field, United Rentals, the company said Feb. 18.

Toyota has agreed to shift a $1.5 billion order with LG Energy Solution to bolster operations at a Michigan battery plant after General Motors backed out of the project.

Continental AG is cutting around 3,000 research and development jobs at its automotive unit as the German parts maker prepares to spin off the struggling business.

Shares of Mitsubishi surged as much as 8.6% after a report that Honda would be willing to restart talks on a potential tie-up with ailing peer Nissan if its CEO Makoto Uchida steps down.

United Rentals abandoned its plan to acquire H&E Equipment Services, declining to increase its original offer of $3.4 billion for the rival construction equipment supplier.

Several trucking companies have been hit by cybersecurity breaches in the past few years. Firms large and small are falling victim to the scams. Here's what can be done about it. 

Proficient — the No. 4-ranked auto transporter — expects industry dynamics to improve in 2025, including through a reduction in carrier capacity due to the travails of Jack Cooper Holdings.

The move is the latest in a rapidly widening trade war as Trump delivers on his campaign pledges to institute sweeping tariffs on U.S. allies and rivals alike.