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Both Daimler and Traton operate assembly sites in Mexico that may be affected by the levies.

Auto part supplier First Brands Group is preparing to enter bankruptcy with no restructuring plan in place, a sign of how quickly the company’s fortunes are unraveling, sources said.

American Trucking Associations in May voiced opposition to the prospect of the proposed truck tariffs, stressing the levies could cause financial strain for an industry already struggling.

Agriculture Secretary Brooke Rollins said the U.S. will investigate suppliers of crop inputs like seeds and fertilizers for potential antitrust violations, sending share prices plunging.

Volkswagen AG is curbing volume and introducing temporary shutdowns at two German factories as demand for its electric vehicles grows more slowly than predicted.

Volvo hosted a roughly 100-mile five-truck ride-along convoy to showcase the truck’s on-road performance and interior amenities.

Several parts makers face idle capacity and are under pressure from carmakers to lower prices.

The U.S. Court of Appeals for the Third Circuit affirmed a September 2024 decision by Judge Craig Goldblatt that left Yellow on the hook for $6.5 billion in claims by the pension plans.

The development could increase pressure on First Brands, which has been considering whether to file for bankruptcy to raise a rescue loan after halting a $6 billion refinancing in August.

First Brands Group is preparing to file for bankruptcy as soon as next week and is looking to secure a loan of at least $1 billion to keep the business running, according to sources.