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Truck imports that qualify for relief under the U.S.-Canada-Mexico trade agreement will be exempt from the charges, but not buses, according to the fact sheet.

Gothenburg, Sweden-based Volvo Group — parent company of Volvo Trucks North America and Mack Trucks — sold 9,622 trucks in North America, compared with 12,026 a year earlier.

“The reason you’ve seen spot rates up in the last couple of weeks — it’s been because of the enforcement activity,” said J.B. Hunt Chief Operating Officer Nick Hobbs.

The agreement involves a battery-powered minivan as the initial fleet model for “accelerating the development and deployment of robotaxi solutions in Europe,” the companies said.

The Commerce Department is slated to announce a five-year extension for an arrangement that allows automakers to reduce what they pay in tariffs on imported car parts.

The manufacturer on Oct. 17 projected declining North American truck registrations for 2026, with CEO Martin Lundstedt citing rising uncertainty tied to President Trump’s planned duties.

Stellantis declined to comment on conversations with the government. It has confirmed it’s adding a third shift at an Ontario facility and described Canada as “very important” to its plans.

U.S. Class 8 retail sales fell below the prior year for the third month in a row in September, according to Wards Intelligence data.

GM agreed in 2022 to buy nickel supplies from Brazilian miner Vale as part of a strategy to build up its battery supply chain for EVs, but the pause has meant cancellation of the project. 

First Brands has admitted it can’t find $2.3 billion related to off-balance sheet financing deals. Lawyers for the U.S. Trustee  asked a judge to move up a hearing on the request to Oct. 29.