The car will cost at least 20% less to produce than the refreshed Model Y launched last year, sources said. Production will begin next year.

The EU hits back, saying it will impose counter-tariffs on $28 billion worth of US goods from next month; China and US allies in the Asia-Pacific also not happy

Musk's admission that he could oversee US government cost-cutting for another year, despite 'great difficulty' also heading Tesla, spurred a 15% fall in its share price on Monday

Former central banker Mark Carney will have to deal with major trade issues with the US and China after he is sworn in as Canada's new leader in coming days

Top Japanese carmaker wants to regain market share in the world's largest auto market. With features similar to local rivals and priced at $15,000, it could do that

Customs data released by China on Friday shows that imports fell by over 8% in January and February, while exports also slowed before tariffs were imposed by the new US President

US President is drafting an executive order that will set up a Maritime Security Trust Fund as a funding source and create shipbuilding incentives through tax credits, grants and loans

Southeast Asian nations seen being caught in US dragnet, while tariff exemptions for carmakers have put the spotlight on Trump's use of exemptions, which critics liken to 'crony capitalism'

Tesla has deals to sell credits to European carmakers who are still selling gasoline-powered vehicles so they can avert huge fines

The deal, for 80% of CK Hutchison's stake in Hutchison Ports, will give the US consortium control of key Panama Canal ports amid White House calls to end 'Chinese ownership' of the waterway

Global trade in farm goods could be reshaped if Beijing fails to reach a trade deal with the Trump Administration that sees tariffs lifted or reduced

China said it plans additional tariffs of 10-15% on multiple farm and food products from America, plus restrictions on 25 US firms; Canada also retaliates with tariffs