The Malaysian Automotive Association (MAA) has released vehicle sales data for the month of July 2025, which saw a total of 70,057 units delivered to customers. This is considerably more than the 54,863 units sold in June 2025 and represents an increase of 28% or 15,194 units.
Japan's exports posted the biggest monthly drop in about four years in July, government data showed on Wednesday, as the impact of U.S. tariffs intensified, raising concerns about the outlook for the export-reliant economy.
Chinese electric vehicle maker Xpeng on Tuesday forecast third-quarter revenue would double, betting on surging deliveries of its cars despite challenging economic conditions.
The U.S. Commerce Department said on Tuesday it is hiking steel and aluminum tariffs on more than 400 products including wind turbines, mobile cranes, appliances, bulldozers and other heavy equipment, along with railcars, motorcycles, marine engines, furniture and hundreds of other products.
U.S. federal budget deficits will be nearly $1 trillion higher over the next decade than projected in January by the Congressional Budget Office as a result of tax and spending legislation and tariffs, a budget watchdog said on Wednesday.
Korea's automobile exports rose by more than 8 percent from a year earlier in July thanks to a sharp increase in shipments to Europe that more than offset a declin