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.
Despite its traditional EV-skeptical stand, Toyota now plans to have 15 all-electric models in production by 2027, with sales that year reaching 1 million. By decade’s end, that volume should more than triple, as Headlight.News reports.
Automakers got to celebrate a bit in March as new vehicle sales jumped 10.7% compared to year-ago numbers. However, that celebration is likely to be short-lived, if the assertions in a new report prove true. The tome authored by Telemetry’s Sam Abuelsamid predicts sales will fall 1.8 million units in 2025 and the next several years don’t look much better, reports Headlight.News.
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.
Tesla sales for the first quarter of 2025 fell to their lowest level in three years, even as overall EV command continued to rise worldwide. The plunge reflected a growing backlash against Tesla CEO Elon Musk’s political shift to the far right and his role as head of the Trump administration’s controversial Department of Government Efficiency. Headlight.News has this breaking story.
The promised turnaround at Stellantis all but sputtered out during the first quarter as sales in the U.S. dropped by double digits. With the search for a new CEO still ongoing, the Euro-American automaker struggles to find its direction, reports Headlight.News.
Odds are you’ve never heard of Ineos Automotive – at least not until recently. It’s a start-up brand backed, of all things, by one of the world’s largest chemical companies. The British carmaker last year brought its first model, the rugged Grenadier SUV, to the U.S. market and is in the midst of launching its second product line, the Quartermaster pickup. Headlight.News caught up with Ineos CEO Lynn Calder during a recent driving event in Aspen and asked her about Ineos’ product plans, growth opportunities – and the impact of the new Trump auto import tariffs.
In an unexpected move, Jim Rowan is stepping down at CEO of Swedish-based, Chinese-automaker Volvo Cars. He will be replaced by Hakan Samuelsson, who previous served in that role from 2012 to 2022. The move comes at a time when Volvo is aggressively moving to EVs but also faces a variety of tariff issues in the U.S. and Europe. More from Headlight.News.
With thousands gathered in protest at dealers around the world over the weekend, Tesla wrapped up what is expected to be a weak first quarter, the automaker watching sales dwindle as opposition grows to CEO Elon Musk’s role in the Trump administration – as well as his increasingly vocal shift to the political far right. Headlight.News has the latest.