TEHRAN, Jun 12 -Iran’s auto industry has emerged as one of the frontlines in a raging “economic war” on the country which is lining up its defense ministry to protect the sector from US sanctions.
TEHRAN, Mar 11 -Plunging car production drove an unexpected drop in German industrial output in January, as the engine room of Europe’s largest economy stuttered on trade tensions and unease about Brexit.
TEHRAN, November 15 - The European Union is prepared to retaliate if US President Donald Trump imposes new tariffs on auto imports, EU Trade Commissioner Cecilia Malmstrom warned on Wednesday.
TEHRAN, July 02 - The EU has warned Washington that a threat to slap Europe with major auto tariffs could inflict serious damage to the US economy and would prompt strong retaliation.
TEHRAN, October 21 -Australia’s car industry officially ended on Friday as Holden, a unit of US carmaker General Motors, closed its plant in South Australia. The closure comes a year after the exodus of Toyota and Ford.