US car sales slow after tariff-driven buying surge ends | Automotive Industry News
After a wave of rushed buying, driven by looming tariffs, US car sales have started to slow, weighing on carmakers.New car sales fell by 300,000…
Toyota expects to lose billions as Trump tariffs weigh on auto sector | Automotive Industry News
The world’s top-selling carmaker joins a growing list of companies reporting profit hits because of tariffsToyota expects a $9.5bn hit from United States President Donald…
General Motors reports a 35% profit drop as tariffs weigh on car industry | Automotive Industry News
GM’s profit tumble in second quarter comes a day after Jeep maker Stellantis says it expected a $2.7bn loss in the first six months of…
US DoT says Biden fuel economy rules exceeded legal authority | Automotive Industry
The mandate that the DoT challenged was a key part of former US President Joe Biden’s plan to address climate change.The United States Department of…
Brazilian prosecutors sue Chinese carmaker BYD over labour conditions | Automotive Industry News
Labour prosecutors allege that workers were brought to Brazil illegally and toiled in ‘slavery-like conditions’.Brazilian labour prosecutors have filed a lawsuit against the Chinese auto…
Tesla sales plummet in Europe despite EV growth | Automotive Industry News
Ageing design, rising competition and controversy around Elon Musk seen driving reversal of Tesla sales.Tesla’s European sales dropped 49 percent year on year in January…
Musk’s never been more powerful so why are Tesla shares tanking? | Automotive Industry News
The “bromance” between United States President Donald Trump and tech billionaire Elon Musk was on full display on Tuesday when the White House South Lawn…
‘Do you sell cars?’: Jaguar’s rebrand prompts mockery, confusion online | Automotive Industry
British luxury carmaker Jaguar is under fire over a colourful new advertising campaign that promotes inclusivity but lacks one key ingredient – any reference to…
Trump’s transition team aims to kill Biden EV tax credit in US: Report | Automotive Industry News
US President-elect Donald Trump’s transition team is planning to kill a $7,500 consumer tax credit for electric-vehicle purchases as part of broader tax-reform legislation, Reuters…
EU hikes tariffs on Chinese EVs, prompting rebuke from Beijing | Automotive Industry
China’s Commerce Ministry promises to take ‘all necessary measures’ to protect the interests of Chinese firms.The European Union has decided to sharply raise tariffs on…
Mullen Automotive to Establish Mullen Credit Corporation
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Tesla’s robotaxi event was long on Musk promises, short on details | Automotive Industry News
For a businessman who perpetually struggles with broken promises, Elon Musk has given himself quite a to-do list at Tesla’s long-awaited Hollywood unveiling of its…