President-elect Donald Trump’s proposed 25% tariff on all goods form Canada and Mexico, plus on all Chinese imports could wind up costing automakers as much 17% from their annual earnings. The estimate comes from a new study from S&P analysts. Check out the story at Headlight.News.
President-elect Donald Trump again affirmed his plans to levy a 25% tax on all imported goods from Mexico and Canada. The constant threat has many worried about massive price hikes for new vehicles while others point to Trump’s reasoning for the tariffs and call it a negotiation ploy. Get details at Headlight.News.
Georgia politicians can now breathe easier as Rivian’s plans to build an electric vehicle production plant about an hour north of Atlanta appear to be back on track. The California-based EV maker secured a $6.6 billion loan from the Department of Energy to build the plant, which was put on hold earlier this year. The loan comes in addition to $1.5 billion in state incentives already granted. Details at Headlight.News.
After being shown the black flag about a year ago, General Motors and TWG Global agreed to a deal to have Cadillac in the starting F1 grid in 2026. The deal will also have the Cadillac Formula 1 Team tracking to be a “full works” team by 2030. Get details at Headlight.News.
South Korea’s Hyundai Motor recalled more than 145,000 electrified vehicles in the U.S. due to a loss of power. The move encompasses a variety of EVs for model years between 2022 and 20025. Find out more at Headlight.News.
Each long holiday weekend means millions of Americans will be looking to spend time with family and friends. Some of those folks don’t live nearby, and AAA expects new records will be set by those looking to travel 50 miles or more during the Thanksgiving holiday. Get details at Headlight.News.
Competition in the compact sport-utility segment just got tougher with the debut of the third-generation VW Tiguan. It’s faster, more powerful and fuel efficient than its predecessor sporting a more aggressive look and improve interior for the new model year. Check out the latest intro at the LA Auto Show at Headlight.News.
Sluggish Bronco sales have Ford reducing production of the once-hot-selling SUV while “reassigning” 400 workers related to the move. Additionally, the company is cutting 14% of its European workforce due to slow sales and other issues. Get details at Headlight.News.
President-elect Donald Trump named Sean Duffy as his choice to lead the U.S. Department of Transportation. Duffy is a former U.S. Congressman from Wisconsin, and he is the second selection plucked from Fox News. Get details at Headlight.News.
Wondering what influence Tesla CEO Elon Musk may be having within the newly elected Trump administration? The incoming leaders of the U.S. Department of Transportation are readying to loosen the rules for self-driving vehicles, which would include Tesla’s Full Self-Driving technology. Get details at Headlight.News.
If anyone hoped that Tesla CEO Elon Musk being named to President-elect Donald Trump’s staff might mean a reprieve for the tax credits created during the Biden administration — guess again. Those credits are as good as gone. Find out more at Headlight.News.
Lucid Motors offered up a specially outfitted Lucid Air to the California Highway Patrol. The department is looking at different vehicles to fit its various needs, and Lucid is the latest to slap a police livery on one of its vehicles to see if it can cut the mustard. Tesla and Ford have done the same in recent months. Get details at Headlight.News.