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…
Tesla reports biggest quarterly revenue decline in more than a decade | Elon Musk News
Analysts expect a turnaround in future quarters as the automaker bets on robotaxi expansions.Tesla has reported its biggest decline in quarterly revenue in more than…
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…
Canada introduces tariffs on trade partners to protect domestic industries | International Trade News
Prime Minister Mark Carney also introduced a fund to invest in domestic steel projects.Canadian Prime Minister Mark Carney has said that Canada will introduce a…
Tesla launches Model Y in India with elevated price tag amid high tariffs | Elon Musk News
The EV maker also opened its first showroom in Mumbai on Tuesday.Tesla has launched its Model Y in India for about $70,000, a significant markup…
Tesla shares tumble as Elon Musk floats new US political party | Elon Musk News
Musk’s political ambition has spooked investors as the auto company reports a decrease in sales in the second quarter.Tesla shares have tumbled after CEO Elon…
Why China’s rare earth exports are a key issue in trade tensions with US | Trade War
China’s export of rare earth elements is central to the trade deal struck this week with the United States. Beijing has a virtual monopoly on…
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…
What has Musk accused Trump of in relation to the Epstein files? | Donald Trump News
The tech billionaire and owner of Tesla and Starlink, Elon Musk, has accused United States President Donald Trump of being one of the names in…
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…
Musk commits to staying Tesla CEO for another five years | Business and Economy
Elon Musk has claimed a turnaround in Tesla sales after a slump even as Starlink, the internet service provider that he owns, is growing.Elon Musk…
US-UK trade deal: How are Trump’s global tariff talks shaping up? | International Trade News
United States President Donald Trump is expected to announce the framework of a trade deal between the US and the United Kingdom on Thursday, according…
Ford to raise prices on three cars produced in Mexico: Report | Trade War
The increased price tag is a result of Trump’s tariffs on auto imports which car companies ultimately will pass on to consumers for cars that…
Automakers suspend financial guidance amid tariff uncertainty | Business and Economy
Several global automakers, including Mercedes-Benz and Stellantis, have joined Michigan-based General Motors and Volvo in suspending their respective annual financial guidance reports for investors amid…
Fact-checking Trump’s claims at 100-day rally in Michigan | Donald Trump News
Donald Trump’s speech in Warren, Michigan, marking his 100th day in office sounded a lot like something the United States president clearly loves: a good…
How much will Trump’s new tariffs hurt other countries and US consumers? | News
On Wednesday, United States President Donald Trump imposed sweeping reciprocal tariffs on the US’s trading partners. The day was termed “Liberation Day” by Trump, who…
Tariff uncertainties have companies in Mexico on their toes | Donald Trump
On March 4, the US-Mexico border was at a standstill. The trucks that Thor Salayandia was planning to send across a checkpoint to the United…
Are US car plants being built at record rates, as Trump claims? | Donald Trump
President Donald Trump’s plan to impose widespread tariffs on foreign goods aims to persuade foreign manufacturers to produce their goods in factories in the United…
Trump’s ‘America first’ policy is complicating business of making cars | Business and Economy News
United States President Donald Trump’s latest tariffs on the auto sector have made one thing clear, experts say: The US is no longer a beacon…