Tesla's UK car registrations dropped in November, industry data showed on Thursday, following steep declines in other European markets in the month amid intense competition particularly from Chinese rivals.
China’s automotive market is expected to struggle at the end of the year, despite it being a traditional peak sales season, as the country prepares to phase out its supporting policies, with their coverage narrowing and effect fading.
China's exports likely returned to growth in November after an unexpected dip in October, as manufacturers rushed to move inventory to take advantage of a fresh tariff truce with the U.S.
President Donald Trump on Wednesday said his administration would "reset" fuel efficiency standards for passenger cars in an effort to put a lid on rising auto prices, as the administration battles inflation and an affordability crisis.
New orders for U.S. factory goods increased less than expected in September as manufacturers remained constrained by tariffs.
The number of Americans filing new applications for unemployment benefits fell to a more than three-year low last week, allaying fears of a sharp deterioration in labor market conditions after independent surveys showed job losses in November.