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Foreign Automakers Threaten to Pull Cheap Cars From US Market Over Trade Deal

Key Points: Foreign car companies warned the Trump administration that they might stop selling affordable vehicles in the United States. Automakers rely heavily on the USMCA trade agreement to keep manufacturing costs low across North America. Canceling or weakening the trade deal would destroy the tiny profit margins on budget cars priced under $25,000. The...

Oil Prices Hold Steady Near $108 as Peace Talks Continue

Key Points: Brent crude stayed near $108 a barrel after jumping 2.8% as traders watched the latest peace negotiations. The United States and Iran maintain a strict naval blockade in the Strait of Hormuz, dropping ship traffic to almost zero. President Donald Trump demands that Iran stop enriching uranium and agree never to build a...

Foreign Automakers Turn to Chinese Tech in Reverse Joint Ventures

Key Points: Foreign car brands now use Chinese electric vehicle platforms and software to build their new models. Volkswagen and XPeng built the new China Electronic Architecture software system in just 18 months. Analysts describe the rapid technological leap of Chinese automakers during the pandemic as interstellar traveling. Global automakers plan to export these new...