US Tariffs Hit Light Vehicle Manufacturing Forecasts

US tariffs imposed on almost all of its trade partners have resulted in retaliatory tariffs, which have been perceived by analysts as a risk to global trade. This development has led S&P Global to reduce the forecast for light vehicle production in 2025 to only 944,000 units. 

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Trump's 2024 Tariffs Spark Trade Tensions: A Timeline

US President Donald Trump has reignited trade tensions since returning to office in 2024, unleashing a wave of tariffs that have prompted widespread retaliatory measures. Key industries such as automotive, steel, aluminum, and electronics are among the hardest hit, affecting manufacturers, suppliers, and exporters across North America, Europe, and Asia.

Data Shaping the Future: Mexico on the Road to Hannover Messe 

Nicolás González, Executive President, INA, notes that Hannover Messe 2025 stands as a significant event for shaping the future of manufacturing, showcasing advancements in automation, AI, digitalization, and sustainability. González highlights that during the event, INA reinforced collaborations with strategic partners like Canada and the European Union, aiming to position Mexico’s auto parts sector as a capable partner ready to address global industry challenges and confirming global confidence in Mexico’s industrial capabilities and its integration into global value chains. He also emphasizes that Mexico has an opportunity to present itself as an innovative, tech-driven partner prepared for the Fourth Industrial Revolution.

Hidalgo Backs MX$60 Million Park to Draw Firms Like JAC Motors

The government of Hidalgo is progressing with the construction of a new industrial park in Ciudad Sahagun, investing MX$60 million (US$3.5 million) to attract micro and small enterprises, as well as major players like JAC Motors and other Chinese companies, according to local authorities. The park spans 311ha and will be developed in three phases, prioritizing local suppliers.

Chery Unveils LEPAS L8, a Tech-Focused Premium Brand

Chery has officially launched the LEPAS L8, the inaugural vehicle under its new international premium brand, LEPAS. The L8 was unveiled during a production line event in Wuhu, China, led by Zhu Shaodong, Executive Vice President, Chery International, and Cao Bin, Chery’s Director of Technology, alongside other company executives.

Manufacturing and Logistics Opportunities in Tariff Landscape 

Ernesto del Blanco, President of the Board, ELAM/FAW, notes that tariffs and trade policies have become increasingly important in shaping strategic decisions within freight vehicle manufacturing and assembly. Del Blanco highlights that while automakers face uncertainty in the current environment, there are also opportunities, particularly in the Mexican market and other markets such as Latin America. 

Uber Faces FTC Lawsuit Over Billing and Subscription Practices

The Federal Trade Commission (FTC) has filed a lawsuit against Uber Technologies, alleging deceptive billing and cancellation practices linked to its Uber One subscription service. The suit, filed in the US District Court for the Northern District of California, accuses Uber of violating the FTC Act and the Restore Online Shoppers’ Confidence Act.

Hino Motors, Mitsubishi Fuso to Merge, Launch by April 2026

Toyota Motor's subsidiary Hino Motors and Daimler Truck’s subsidiary Mitsubishi Fuso Truck and Bus, are moving forward with plans to finalize a merger agreement that would establish a new holding company to oversee both operations. The new entity is expected to be listed on the Tokyo Stock Exchange's Prime Market by April 2026.

Tariffs Cut North American Light Vehicle Production Forecast: S&P

Recent US tariffs have significantly impacted the outlook for global light vehicle sales and production, resulting in broad downgrades in forecasts for various regions, reports S&P Global. The risk management agency downgraded North American production to its lowest levels since the COVID-19 pandemic.