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CEO Mary Barra thanked President Donald Trump for extending through 2030 a tariff discount on some imports for carmakers that produce and sell completed automobiles in the U.S.

States are detailing their responses to a U.S. Department of Transportation edict to restrict access to commercial driver licenses and permits for non-domiciled drivers.

Photos from American Trucking Associations' Management Conference & Exhibition at San Diego Convention Center on Oct. 25-28, 2025. 

The company’s five-year midterm plan to be unveiled next year will include details on stock buybacks and an investment of 100 billion yen to build two production facilities in Europe or Asia.

Truck imports that qualify for relief under the U.S.-Canada-Mexico trade agreement will be exempt from the charges, but not buses, according to the fact sheet.

Gothenburg, Sweden-based Volvo Group — parent company of Volvo Trucks North America and Mack Trucks — sold 9,622 trucks in North America, compared with 12,026 a year earlier.

“The reason you’ve seen spot rates up in the last couple of weeks — it’s been because of the enforcement activity,” said J.B. Hunt Chief Operating Officer Nick Hobbs.

The agreement involves a battery-powered minivan as the initial fleet model for “accelerating the development and deployment of robotaxi solutions in Europe,” the companies said.

The Commerce Department is slated to announce a five-year extension for an arrangement that allows automakers to reduce what they pay in tariffs on imported car parts.

The manufacturer on Oct. 17 projected declining North American truck registrations for 2026, with CEO Martin Lundstedt citing rising uncertainty tied to President Trump’s planned duties.