Tesla sales have fallen all over the world, much of that due to backlash against CEO Elon Musk’s political ties to the Trump administration. Now, the automaker’s share of the bellwether California EV market has dipped below 50%, as competitors draw in EV buyers with a flood of new products.
As buyers snap up unsold vehicles, Ford cautions dealers prices will be going up as the result of the new Trump auto tariffs. And other manufacturers say they likely will follow. More from Headlight.News.
The outlook for the automotive industry is starting to look increasingly dim, automakers frantically searching for a way to respond to the Trump administration’s broad tariff on imported autos and auto parts. The question is whether to raise prices and risk a sharp slump in sales or absorb tariffs and crash earnings.
Amazon founder Jeff Bezos is getting ready to punch his way into the auto industry, with what several sources tell Headlight.News will be a new all-electric pickup set to start as low as $25,000. Expected to be called Slate Auto, the start-up will use Amazon’s online power to market the new vehicle. More from Headlight.News.
President Trump’s tariff battle is putting both General Motors and Ford Motor Co. luxury plans under a cloud. Both the U.S. and China have heated up tariffs, even while the president paused other portions of his trade plan.
President Donald Trump paused for 90 days most of the tariffs that went into effect earlier this month targeting virtually all U.S. trade partners. But he left in place sectoral tariffs, notably including those imparting import autos and auto parts, as well as foreign-made steel and aluminum. He also increased tariffs on countries, such as China, that responded to his original order with increased trade sanctions of their own. Headlight.News has more.
After days of watching the stock market crash again and again, members of his own party begin to revolt, and an outcry from businesses of all types, President Donald Trump announced a 90-day pause on the global tariffs he revealed last week. Find out why at Headlight.News.
Tariffs continue to dominate the auto industry, manufacturers around the world struggling to figure out formulas that will minimize the impact on consumers – and U.S. sales – while avoiding budget-busting new costs that could send their balance sheets deep into the red. Here are some of the latest developments.
It’s turning into another troubled week for Tesla, the automaker quietly removing the range-extended version of its controversial Cybertruck from its online order page. That comes as Tesla suffered an even worse slump than the rest of the stock market this week, with...
Mazda can’t “swallow” the tariffs it will face under Pres. Donald Trump’s new trade sanctions. While plans have yet to be finalized, it is likely to spread tariffs costs out in a way that will minimize the impact on “price-sensitive” products, such as its entry line, the CX-30, global CFO Jeff Guyton said. Even then, the automaker expects to take a big hit to sales, he forecast. Here’s more of the details.
After backing Democratic Kamala Harris’s candidacy in 2024, Shawn Fain shocked many observers by strongly supporting President Donald Trump’s tariffs. But the head of the United Auto Workers Union is now backing down. While he still backs tariffs targeting the auto industry he has dubbed Trump’s broader trade war “reckless.” Headlight.News has more.
Britain’s Jaguar Land Rover will “pause” vehicle shipments to the U.S. in the wake of Pres. Donald Trump’s broad tariff plans on imported autos and auto parts. The automaker said it is working out a plan “to address the new trading terms.” JLR’s announcement follows moves by brands including Hyundai, Kia and Volkswagen to adjust U.S. market strategies as the industry faces a substantial increase in vehicle prices. Headlight.News has the latest.