President Donald Trump’s press conference laying out the remainder of his tariff policy revealed automakers would not be facing any additional tariffs beyond the 25% on vehicles and parts crossing into the U.S. Volkswagen is adding an “import fee” to vehicles hit by the tariffs while Ford is offering discounts to try to improve affordability. Headlight.News tracks down how other carmakers are dealing with the problem.
Tesla shareholders breathed a sigh of relief on Wednesday morning, word leaking out of the White House suggesting CEO Elon Musk will soon give up his controversial role as the head of the Trump administration’s Dept. of Government Efficiency. Then, Tesla released its first-quarter sales numbers, global deliveries falling three times further than what Wall Street anticipated. Its stock rebound in reverse, a growing number of investors and analysts now wonder whether Tesla and its CEO can recover from the hit they’ve taken.
April 2, says Pres. Donald Trump, is “Liberation Day,” claiming his new tariffs will free the U.S. from its reliance on foreign-made goods. But U.S. car buyers may see things in a very different light. Virtually all vehicles, even those assembled in the States, will see price hikes. And a number of automakers, from mainstream brands like Chevrolet, to high-line marques such as Mercedes-Benz, are weighing the prospects of pulling entry models off of the American market. More from Headlight.News.
President Donald Trump’s new tariffs threaten to shake up the auto industry, threatening to add thousands of dollars to the cost of even U.S.-made vehicles. For now, though, BMW will give buyers a break, the automaker saying it will absorb the added tariff costs on vehicles it imports from Mexico. Whether BMW can maintain that strategy – and whether other manufacturers will follow – is unclear.
Ford plans to invest up to $4.8 billion in its German operations, hoping to kick start is flagging European sales. The company’s German business is in the midst of a significant transformation, focused on cutting costs and becoming more competitive. Headlight.News has details.
The bulls are still, well, bullish, when it comes to Tesla stock, but the rest of Wall Street seems increasingly nervous and that’s cost the EV maker fully half of its market capitalization since reaching a mid-December, post-election high. And one man appears to catch most of the blame: CEO Elon Musk. More from Headlight.News.
President Donald Trump on Wednesday said he would delay by a month new tariffs covering Canadian and Mexican auto imports. But even with that delay, the industry is waiting to see if Trump will next move to target additional trade partners. Trump has already hinted that European automakers could be next in his sights. More from Headlight.News.
Little more than a day after announcing plans to enact 25% tariffs on goods imported from the Mexico and Canada, Pres. Donald Trump threw a temporary lifeline to the auto industry by granting a one-month reprieve on automotive parts and vehicles. But the threat remains that sanctions could still follow if the U.S. can’t reach resolution with its two neighbors and leading trade partners – something Ford CEO Jim Farley warned “would blow a hole in the U.S. industry.”
Volkswagen rolled out the production version of its all-electric ID. EVERY1 small, affordable car, comparing it to the Beetle. The new model, which is slated to arrive in 2027, will cost about $21,500, officials noted. They also revealed nine new models will hit showrooms by 2027, including four new EVs. Get details at Headlight.News.
President Donald Trump, as expected, launched new tariffs targeting Canada and Mexico while also increasing prior tariffs on China. All three countries responded with their own trade sanctions. The tariff war will increase prices on everything from avocados to semiconductors but economists warn few consumer goods will feel the heat more than automobiles – some models set to see price hikes of $12,000 or more. At a time when sticker shock is already impacting sales, analysts fear the U.S. auto industry could see sales and profits tumble – while job cuts also could be in the offing.
Mercedes is getting ready to pull the wraps off the new Vison V, a show car previewing the next-generation, all-electric vans it’s set to put into production next year. “The future model line-up will range from entry-level family vehicles and exclusive VIP shuttles to spacious and luxurious limousines,” the automaker said Monday.
Barring a last-minute change of mind, the White House has signaled Pres. Donald Trump will announce new tariffs targeting America’s largest trading partners, Canada and Mexico, on Tuesday. The move is expected to increase the cost of many common goods substantially, including not only fully assembled vehicles imported from America’s nearest neighbors but other cars, trucks and crossovers assembled in the U.S. That’s because virtually all of those models rely on at least some Mexican and Canadian parts, components and raw materials.