Automakers
Chinese automakers Dongfeng Motor and Chongqing Changan Automobile are in advance discussions to combine their operations according to the New York Times.
Chinese automakers Dongfeng Motor and Chongqing Changan Automobile are in advance discussions to combine their operations according to the New York Times.
Ford Motor Co., General Motors and Chrysler parent Stellantis are lobbying the administration to exclude certain low-cost car components from the planned tariffs, people familiar with the matter told Bloomberg.
After rebuffing opportunities to withdraw, Tesla had its full lineup of vehicles set up at the Vancouver Convention Centre when organizers plugged the plug.
BYD has set a goal of selling around 5.5 million vehicles this year, 800,000 of which it forecasts may be exports.
Stellantis Chairman John Elkann will be a speaker at the Automotive News Europe Congress on June 11-12 in Turin.
Randy Parker, CEO of Hyundai and Genesis Motor North America, told dealers in a note that “current vehicle pricing is not guaranteed and may be subject to change for units wholesaled after April 2.”
Karma Automotive has long relied on one nameplate. Its product lineup is set to finally grow and will largely rely on energy range-extended powertrains.
The new Nissan model will appear from 2026 and will share 80 percent of parts with the Renault Twingo, which will sell for less than €20,000.
The refreshed 2500 gains a Cummins high-output diesel engine option delivering 430 hp and 1,075 pound-feet of torque.
Wayne Griffiths boosted sales of Seat cars and established Cupra as a mass-market sporty brand.
GM and Hyundai talks centred on co-development and production of certain vehicles, including commercial vans, began last fall. Nothing has been finalized.
Aston Martin billionaire Lawrence Stroll says he is open to taking the automaker private.
Tesla needs fresh models to stem its sales decline in the U.S., Cox Automotive says. But CEO Elon Musk insists that autonomous vehicles are the future.
Samuelsson, who steered Volvo to record sales and profits during his decade as CEO, replaces Jim Rowan on a two-year term starting April 1.
President Donald Trump was asked whether he warned foreign automaker CEOs not to raise consumer prices in response to the 25 percent tariffs he plans to impose on their products. “No, I never said that,” Trump said.
Tesla’s stock price dropped 28 percent from Jan. 1 to the March 26 market close, wiping out hundreds of billions of dollars in market capitalization. The Wall Street collapse is in part driven over concerns over Elon Musk’s damage to the brand.
Analysts say that automakers will most likely absorb some of the higher tariff costs, dealers may see a hit to profitability and consumers will pay the rest. But exactly how that’s all balanced out is anyone’s guess at this point.
Alliance for Automotive Innovation CEO John Bozzella: “Additional tariffs will increase costs on American consumers, lower the total number of vehicles sold inside the U.S. and reduce U.S. auto exports — all before any new manufacturing or jobs are created in this country."
Farley told employees the impact of tariffs is "likely to be significant across our industry." Analysts have warned of higher prices and lower automaker profits.
U.S. car dealers know they have a significant short-term opportunity in the coming days to sell imported vehicles before tariffs boost sticker prices.
Prime Minister Mark Carney said trade talks “will intensify to address immediate concerns.”
New tariffs will affect every corner of the auto industry. Automakers, dealers and suppliers worry about exorbitant costs, vehicle price increases and maintaining global competitiveness.
The two automakers produced more than two thirds of the 1.4-million vehicles assembled in Canada last year.
Trump’s additional tariffs on auto imports may mean automakers will no longer export certain models to the U.S. to protect earnings.
Tesla could use its higher level of U.S. content to limit price increases relative to legacy automakers, boosting demand.
Cracks could soon begin to show as tariffs pile up on manufacturing supply chains, experts warn. The latest salvo in an emerging trade war is a 25 percent import duty levied by the U.S. on all foreign vehicles effective April 2.