Thursday, May 1, 2025, 2:21 pm
Facing escalating tariffs, Mercedes-Benz is shifting production of a key model to the U.S. in a strategic bid to keep costs in check. In an industry where every cent matters, this move underlines how trade policies can force even luxury automakers to get creative—an unexpected twist in high-stakes corporate chess.
The shift suggests that Trump’s campaign to bring more manufacturing to the U.S. by imposing new tariffs is having some success
(Bloomberg) — Mercedes-Benz Group AG plans to move production of another vehicle to the U.S. as President Donald Trump’s tariffs raise costs and threaten to make imported cars uncompetitive. The German automaker said in a statement that it will shift assembly of a “core segment vehicle” to its…
permalink / 2 stories from sources in 3 days ago #usrelations #business #tariffs #autosector
Alberta Premier Danielle Smith delivered a livestream address detailing her province’s strategy for renewed dialogue with Ottawa. She outlined bold initiatives and stressed the need for open discussion, all while the political tension simmers—proving that high-stakes negotiations can be both earnest and a rollercoaster ride. More...
Facing a dramatic reduction in seats post-election, the NDP has moved quickly to appoint an interim leader. The leadership meeting underscores the party’s urgent need to regroup and redefine its strategy, leaving both insiders and critics questioning if a fresh start might just be what’s needed. More...
Canadian financial heavyweight Mark Carney is journeying to Washington for a high-stakes meeting with U.S. officials amid mounting political and trade tensions. The visit, which has sparked considerable debate in policy circles, is being closely watched as it addresses shifting regulatory dynamics and broader transatlantic relations. More...
U.S. energy giant Sunoco LP has inked a cash-and-stock agreement valued at US$9.1 billion, including assumed debt, to acquire Calgary-based Parkland Corp. The deal unfolds amid heated boardroom maneuvers and rival shareholder ambitions, adding a dash of corporate drama to North America's energy market. More...
In a move that rattled global markets, OPEC+ announced a sizeable production increase, triggering a noticeable fall in crude prices as investors reacted amid thin holiday trading. The production boost has intensified concerns of oversupply and prompted recalibrations in market dynamics. More...
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