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Earnings and Financials

Trump Announces Tariffs on Imported Autos, Auto Parts – Threatening Auto Sales, Earnings

Trump Announces Tariffs on Imported Autos, Auto Parts – Threatening Auto Sales, Earnings

by | Mar 27, 2025 | , , , , , , ,

President Donald Trump formally announced that 25% tariffs targeting imported autos and auto parts will go into effect on April 3, though final details impacting some Canadian and Mexican imports have yet to be finalized. Trump promised the move will spur significant growth in the domestic auto industry. But many analysts, along with industry officials, warned it could result in a hit to industry sales and earnings, driving many potential customers out of the new vehicle market. Headlight.News has more.

Tesla Founder Straubel High on the List as Disgruntled Investors Demand Automaker Replace Musk

Tesla Founder Straubel High on the List as Disgruntled Investors Demand Automaker Replace Musk

by | Mar 26, 2025 | , , , , , , , , , , , , ,

A growing number of investors, including some of Tesla’s traditional bulls, are pressing the automaker to replace CEO Elon Musk despite the rebound in the company’s stock this week. That has led to growing speculation over who might come in to replace him, with founder and former tech chief J.R. Straubel in the spotlight. Headlight.News has more.

Hyundai Set to Invest $21 Billion in U.S.

Hyundai Set to Invest $21 Billion in U.S.

by | Mar 25, 2025 | , , , , , , , , , , ,

Hyundai Motor Group plans to invest $21 billion for a variety of U.S.-based projects, including steel production and the expansion of its U.S. automotive production to 1.2 million vehicles annually. That more than doubles what the South Korean has invested since entering the U.S. market in 1986. More from Headlight.News.

Trump Turns Tail, Reportedly Won’t Follow Up With Auto Tariffs

Trump Turns Tail, Reportedly Won’t Follow Up With Auto Tariffs

by | Mar 24, 2025 | , , , , ,

Faced with strong resistance from domestic and foreign automakers alike, Pres. Donald Trump has reportedly folded and won’t put in place 25% tariffs on Mexican and Canadian autos and auto parts which, critics warned, could cripple the auto industry while also giving a hammer blow to the U.S. economy as a whole. More from Headlight.News.

GM, Hyundai Working Up Product-Sharing Alliance for Pickups, EV Vans

GM, Hyundai Working Up Product-Sharing Alliance for Pickups, EV Vans

by | Mar 21, 2025 | , , , , , , , , , , , , , , , ,

General Motors and Hyundai are said to be in talks that would lead to significant product sharing in the pickup and commercial EV van segments, according to a new report. Such a move would expand on the alliance the two automakers recently announced focusing on hydrogen fuel-cell technology. More from Headlight.News.

Taiwan’s Foxconn Reportedly Doing EV Deals with Two Japanese Automakers – including Mitsubishi

Taiwan’s Foxconn Reportedly Doing EV Deals with Two Japanese Automakers – including Mitsubishi

by | Mar 21, 2025 | , , , , , , , , , , , ,

Best known as the manufacturer of Apple’s iPhone, Foxconn is reportedly locking down a deal to produce battery-electric vehicles with two Japanese automakers. Details have yet to be revealed but Mitsubishi appears to be one of the new partners and there is speculation Foxconn may be working out arrangements with either Nissan or Honda, those two Japanese automakers having failed to secure their own merger deal. More from Headlight.News.

Tesla Stock Plunging for 9th Straight Week: No Automaker “Has Lost so Much Value so Quickly”

Tesla Stock Plunging for 9th Straight Week: No Automaker “Has Lost so Much Value so Quickly”

by | Mar 18, 2025 | , , , , , , , , , ,

It’s hard to find anything “analogous” in automotive history to the ongoing crisis at Tesla, JP Morgan warned, as the automaker’s global sales collapse, its stock price further tumbles and CEO Elon Musk’s once hero image goes up in flames. There are few signs Pres. Donald Trump’s enthusiastic endorsement of the brand last week will generate sales. If anything, Tesla itself now warns, the company could get caught up in Trump’s trade war.

Buyers Catch a Break – Temporarily – as BMW Set to Absorb Tariffs on Mexican-Made Models

Buyers Catch a Break – Temporarily – as BMW Set to Absorb Tariffs on Mexican-Made Models

by | Mar 13, 2025 | , , , , , , , , , , , ,

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.

Kia Takes Aim at Tesla – So do Protestors and Vandals – While Owners Trade in as Backlash to Musk Mounts

Kia Takes Aim at Tesla – So do Protestors and Vandals – While Owners Trade in as Backlash to Musk Mounts

by | Mar 11, 2025 | , , , , , , , , , , , , ,

“I bought this after Elon went crazy.” We’ve seen plenty of bumper stickers like that, lately, but this one was on the back of a Kia EV3, found in a snarky Instagram post by Kia’s Norwegian subsidiary. And, it seems, many Tesla buyers may be listening. A growing number of them are trading in as backlash grows against CEO Elon Musk’s turn to the political right. Protests are growing at Tesla dealerships around the world, one showroom in France firebombed. Here’s more.

Nissan Names “Real Car Guy” as its New CEO

Nissan Names “Real Car Guy” as its New CEO

by | Mar 11, 2025 | , , , , , ,

Nissan has again shaken up its top management team, this time appointing Ivan Espinosa as its new CEO. He replaces Makoto Uchida who, critics said, failed to reverse the ongoing decline of Japan’s second-largest automaker. The automaker’s chairman warned the new chief executive will face a “challenging start” during a Tokyo news conference that also revealed a number of other senior management changes.