President Donald Trump has repeatedly lambasted the European Union over its high import tariffs and imbalanced auto trade, but in last week’s U.S.-EU agreement to discuss reducing tariffs on a wide range of goods, the auto sector was conspicuously left out.
Canada, the European Union, Japan, Mexico and South Korea will meet in Geneva to discuss how to respond to threats by U.S. President Donald Trump to impose tariffs on U.S. imports of autos and car parts, officials familiar with the talks said.
Dana has reached an agreement to acquire Oerlikon’s drive systems business in a transaction valued at 600 million Swiss francs ($600 million), Dana said Monday in a statement. Oerlikon Drive Systems supplies high-precision gears and planetary hub drives for wheeled and tracked vehicles. The business, which generated $730 million in revenue in 2017, comprises two […]