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Joseph Szczesny

Federal Reserve Rate Cut May Not Help Increasing Price-Sensitive Car Buyers

Federal Reserve Rate Cut May Not Help Increasing Price-Sensitive Car Buyers

Facing an uncertain economic environment that threatens to undermine demand for retail sales, including new vehicles, the Federal Reserve Board voted to cut interest rates. But it’s far from clear that will be enough to head off an automotive downturn worsened by anticipated tariff-driven price hikes. More from Headlight.News.

Tariff Deal with Japan is Still Six Times More Than Before Trump Trade War

Tariff Deal with Japan is Still Six Times More Than Before Trump Trade War

Japan reached a trade deal with the Trump administration that will lower tariffs on its auto imports to 15%. That’s nearly half what the president’s trade war initially imposed on Japanese-made vehicles – but its still six times more than the duties in place before the Trump trade war – which means thousands of dollars in potential price hikes should automakers pass the tariffs on to consumers. More from Headlight.News.

Even as Detained Workers Return Home, Korean Companies Warn Employees in U.S. More ICE Raids Could Follow

Even as Detained Workers Return Home, Korean Companies Warn Employees in U.S. More ICE Raids Could Follow

Hundreds of South Korean workers detained by an ICE raid at a Hyundai battery plant in Georgia were returned home to cheers from family and government officials. But Korean companies are worried that more immigration raids will follow, throwing into chaos Korean-owned auto, shipbuilding, steel and electrical equipment operations across the U.S. Headlight.News has more.

ICE Takes 100s of Workers Into Custody at Hyundai Battery Plant

ICE Takes 100s of Workers Into Custody at Hyundai Battery Plant

Hundreds  of employees of LG Energy Solution, a South Korean battery maker, were taken into custody in an immigration raid at a Hyundai plant being built outside Savannah, Georgia, officials from both ICE and the South Korea’s Foreign Ministry have confirmed.

EV Buyers Race to Market Before Tax Credits End, Boosting Overall August Sales

EV Buyers Race to Market Before Tax Credits End, Boosting Overall August Sales

Strong sales of electric and electrified vehicles boosted overall U.S. auto sales during August, with manufacturers including Hyundai, Kia, Genesis, Toyota and Ford Motor Co. and Honda reporting solid gains and, in some cases, record sales. More from Headlight.News.

UAW Pres. Fain Delivered “Historic” Labor Contracts – But He Now Faces a Revolt Within the Ranks

UAW Says it Was Burned by Trump on Tariffs

After throwing its support behind Pres. Donald Trump’s 25% tariffs on imported autos and auto parts, the United Auto Workers admits is coming up empty handed in the administration’s new deal with Japan, which offers nothing for workers and could lead to lower wages. Headlight.News has more.

Plugged In: EVs Help Cadillac Deliver Best Sales in Years

Plugged In: EVs Help Cadillac Deliver Best Sales in Years

Cadillac is ready to carry on without EVs without tax credits as it conquers new territory in the luxury segment with a rebuilt and re-tooled line-up. It’s expanding line-up of EVs is proving particularly appealing to younger buyers, says its brand boss. Headlight.News has more.

U.S. Auto Sales Stall as Trump Tariffs Take Hold

U.S. Auto Sales Stall as Trump Tariffs Take Hold

“The party’s over,” said one key analyst. While domestic carmakers reported a modest upturn boost in sales for June, the U.S. auto market largely stalled out as buyers began pulling back due to price increases caused by the Trump tariffs on imported autos and auto parts. Headlight.News has more on the winners and losers.