China said it will exempt eligible companies from its export ban on Nexperia’s semiconductor chips, signaling an easing of supply chain tensions.

The market was projected to fall 3 percent to 6.9 percent in October, according to forecasts from J.D. Power-GlobalData and Cox Automotive, as EV demand slides following the expiration of federal tax ...

The Trump administration is expected to detail the move in a fact sheet being prepared on the U.S.-China trade deal, Bloomberg reported.

Magna CEO Swamy Kotagiri said the company’s focus is on “grinding through” the current environment while being as flexible as possible.

It’s the latest twist in a saga between the automaker and its Illinois dealers that goes back to a change in the dealer law that took effect in January 2022.