Trump tears up part of EU tariff deal to raise import duties on cars and lorries

US president says tariff on vehicles imported from EU will rise to 25% and accuses bloc of non-compliance

The Guardian

The Guardian | ‘Temu Range Rover’: what the bestselling Jaecoo 7 says about China’s electric car ascendancy by Jasper Jolly and Claudia Efemini

AI generated summary, Read the full article for complete information.

In March, China’s Chery saw its Jaecoo 7 crossover SUV become the UK’s best‑selling model, selling 10,064 units and outpacing familiar rivals such as Ford, Nissan, Kia and Tesla. The surge is driven by Chery’s cost advantage – lower material and labour costs in China, extensive state subsidies, and economies of scale that let it offer a plug‑in hybrid for about £35,000 with high‑spec features like heated seats, a panoramic roof and a heads‑up display. By expanding to 126 UK dealers, providing zero‑percent finance with no deposit, and leveraging a network of PHEVs that avoid EU tariffs on pure‑electric cars, Chery is aggressively pushing into Europe and positioning the Jaecoo 7 as a low‑price, tech‑rich alternative, even as some reviewers note mixed driving dynamics. This marks a significant shift in the European automotive market toward competitively priced Chinese models.

Read more: https://www.theguardian.com/business/2026/may/01/jaecoo-7-china-electric-car-chery-price-temu-range-rover

#Jaecoo7 #EU #automotiveindustry #electric

‘Temu Range Rover’: what the bestselling Jaecoo 7 says about China’s electric car ascendancy

Loaded with extras and produced at a cut price, the crossover SUV has overtaken rival cars from US, Japanese and Korean firms

The Guardian
‘Temu Range Rover’: what the bestselling Jaecoo 7 says about China’s electric car ascendancy

Loaded with extras and produced at a cut price, the crossover SUV has overtaken rival cars from US, Japanese and Korean firms

The Guardian
FCA faces four lawsuits over £9.1bn compensation scheme for car loan victims

Watchdog says legal challenges from Consumer Voice and three lenders ‘create fresh uncertainty for millions of consumers’

The Guardian
Reliance on Chinese green tech poses ‘serious’ risk for Europe, experts say

Continent ‘sleepwalking’ into series of economic and national security problems due to over-dependence

The Guardian
General Motors says it will spend $691 million on St. Catharines, Ont., engine plant
General Motors says it will spend $691 million on its St. Catharines Propulsion Plant to support production of its
latest V-8 engines for full-sized trucks and SUVs.
https://www.cbc.ca/news/canada/hamilton/general-motors-st-catharines-9.7181478?cmp=rss

GM expecting $500m Trump tariff refund, boosting its 2026 earnings outlook
By Associated Press

Companies are now seeking refunds on tariffs after supreme court ruled Trump’s emergency levies were illegal

https://www.theguardian.com/business/2026/apr/28/general-motors-trump-tariffs-refund

#GeneralMotors #Trumptariffs #USsupremecourt #Automotiveindustry #DonaldTrump #Tariffs #USeconomy #Economics #Business #USnews #AssociatedPress

GM expecting $500m Trump tariff refund, boosting its 2026 earnings outlook

Companies are now seeking refunds on tariffs after supreme court ruled Trump’s emergency levies were illegal

The Guardian
GM expecting $500m Trump tariff refund, boosting its 2026 earnings outlook

Companies are now seeking refunds on tariffs after supreme court ruled Trump’s emergency levies were illegal

The Guardian
What Honda’s EV retreat means for the future of clean tech | The-14

Honda’s EV pullback highlights Japan’s strategic delay in electrification as China accelerates ahead in batteries, EVs and global clean mobility leadership.

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