The US automotive industry is entering a phase of uncertainty as the USMCA trade agreement between the US, Mexico, and Canada is unlikely to be extended by the deadline, triggering a review process or possible expiration by 2036. The deal, which governs $2 trillion in trade annually and covers about 18% of US trade with its neighbors, is critical for the auto sector. Key issues include stricter rules of origin requiring higher US content in vehicles, which could increase costs and disrupt supply chains. Automakers urge a trilateral agreement to maintain trade stability and investments, while negotiations may extend into the fall amid concerns over tariffs and broader political issues complicating talks.
Ford CEO Jim Farley called for a more balanced USMCA trade deal that rewards automakers producing mostly in the U.S. and penalizes those relying heavily on imports. Ford assembled over 2 million vehicles domestically in 2025, more than any other auto...
Honda has begun producing batteries for energy storage systems after canceling its U.S. EV programs due to weak demand and the end of tax credits. The batteries, initially meant for electric vehicles, will now serve data centers and grid storage, tap...
Several companies including Ford, Commonwealth Bank of Australia (CBA), and IBM are rehiring human employees after realizing AI systems alone couldn't handle all tasks effectively. Ford brought back hundreds of engineers to address quality issues tha...
Ford is recalling over 741,000 vehicles in the U.S. due to a transmission defect that can damage the parking system, increasing the risk of the vehicle rolling away. The recall covers certain 2018-2021 Ford Expedition and Lincoln Navigator SUVs, 2020...
Ford is recalling 741,195 vehicles in the US due to a transmission defect that can damage the park system, potentially causing vehicles to roll away. The recall affects certain 2018-2021 Navigator, Expedition, 2020-2021 Explorer, Lincoln Aviator, and...
