uk automotive sector

The U.S. aims to regulate foreign competition and encourage domestic manufacturing with these tariffs; and the impact needs to be seen separately for each sector. In the context of automotive sector, for India, these tariffs might also present opportunities.

Jaguar Land Rover announced a temporary halt of shipments to the United States in April due to the 25% tariff on vehicle imports imposed by the Trump administration. The company is developing long-term strategies to mitigate financial impacts while the uk automotive sector deals with declining demand and the transition to electric vehicles.

President Trump's tariffs on imported goods are poised to significantly impact American motorsports, affecting NASCAR, Formula 1, and IndyCar. Increased costs for essential components sourced from Europe and Asia could strain team budgets and widen competitive gaps. The tariffs may jeopardize American F1 ventures and reshape the financial landscape of racing, demanding economic resilience and strategic adaptation.

Asian markets faced a sharp decline due to escalating US-China trade tensions. Tokyo's Nikkei 225 index significantly dropped. Investors rushed to safer assets like yen and gold. President Trump's tariff hikes on Chinese goods triggered retaliatory measures from Beijing. Wall Street also experienced a major sell-off. Global talks are expected as countries seek to address trade imbalances.

US President Donald Trump announced new reciprocal tariffs to counter high duties charged on US goods by foreign countries. With tariffs on countries like China, India, and the EU, the move aims to rebalance trade.

US President Donald Trump has imposed a 25% tariff on imported cars and auto parts, aimed at boosting domestic automotive manufacturing. This move could disrupt global supply chains, impacting India’s auto parts industry. Major Indian suppliers may need to explore new markets to counter the potential decline in US demand. Talks for a US-India bilateral trade agreement are ongoing.

President Donald Trump announces a 25% tariff on auto imports to boost domestic manufacturing, sparking backlash from Japan, the EU, Canada, and the UK. The tariffs, which take effect on April 3, could lead to higher car prices, job losses, and retaliatory measures from affected nations.

European leaders are concerned about potential changes in US military support under Trump, prompting the UK and Germany to increase their defense budgets. Trump's strategies and the need for Europe to bolster its own military capabilities raise pressing questions about the future of NATO and the continent's security.

The Liberty House group on Thursday said that is has bought the trade and assets of Amtek Aluminium Castings (Witham) Limited and King Automotive Systems Limited (Amtek UK) for an undisclosed sum from administrators PwC, saving the jobs of around 550 automotive workers.

The government is trying to prevent students coming to institutes that do not offer good degrees.

Tata Motors on Tuesday said the "positive" economic environment has made the company self-reliant in raising finances and thus it no longer required UK government's support.

The UK's car exports to India registered a drop over the previous year, attributed to varying tastes in India, amid an overall fall in UK car exports. The Society of Motor Manufacturers & Traders (SMMT) found that UK manufacturers sold only 744 units to India in 2019, down from 1,199 units in 2018 and 1,144 units in 2017.

British deputy high commissioner for western India, Peter Beckingham said on Wednesday that over 100 new entrepreneurs have invested in United Kingdom (UK) over last two years. Beckingham was in the city to interact with entrepreneurs and attract investment for his country. He said that UK has been encouraging investment from India and has not kept visa rules stringent for investors.

New Delhi, May 2 () Tata Steel UK today announced that it has completed sale of its speciality steel business to Liberty House Group for 100 million pound.

The UK is looking to strengthen business ties with India and also welcomes Indian students to study in the UK, Dr Vince Cable, Britain’s secretary of state for business, innovation and skills said here on Monday.

Tata Motors-owned Jaguar Land Rover (JLR) has announced a major investment boost of £1.5 billion to introduce technologically advanced aluminium vehicle architecture in a new range of models.

New Delhi, July 12 () Commerce and Industry Minister Piyush Goyal will participate in the India Day Conclave on July 16 in London with an objective to show investment opportunities in India.