Cecilia Malmstrom, the EU's trade chief, said that some of President Donald Trump's rhetoric was unhelpful while she was trying to make progress in tariff talks and said the bloc would have to respond if Washington imposed tariffs on EU cars.
The United States is seeking to impose quotas on Mexican steel exports as part of a negotiation to remove metals tariffs, the chief trade negotiator of Mexico's incoming government said, adding the issue needed to be resolved within weeks.
VW CEO Herbert Diess says that Germany's automakers have a only 50 percent chance of remaining leading players in the fast-changing auto industry. To survive, automakers will need to transform their businesses to meet new regulations and adapt their supply chains.
Terrafugia, a U.S. flying-car developer owned by Chinese automaker Geely, has begun taking orders for its first product, the Transition, a two-seat aircraft that can switch between driving and flying modes in less than one minute.