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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.

Trading in Your Tesla? You’re Not Alone – But Be Ready for an Unpleasant Surprise

Trading in Your Tesla? You’re Not Alone – But Be Ready for an Unpleasant Surprise

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

As protests at many Tesla showrooms become a daily occurrence and those who own the automaker’s products find themselves routinely given thumbs-down or an extended middle finger, more and more are trading in, according to new data. But they’re finding residual values for used Teslas have come crashing down. That’s something competitors such as Lucid and Polestar hope to take advantage of, as Headlight.News reports.

Update: Tesla Recalls  Cybertruck as Exterior Panels Fly Off

Update: Tesla Recalls  Cybertruck as Exterior Panels Fly Off

by | Mar 20, 2025 | , , , , , , , , , , , ,

After initially halting deliveries due to reports of exterior panels detaching while the vehicle is being driven, Tesla said Thursday it would recall all Cybertrucks it has produced from launch through late last month. It comes as the eighth safety recall of the electric pickup and another setback for a manufacturer that has seen its stock price plummet by nearly half its value since mid-December. It underscores the fact that Tesla has had major ongoing quality, durability and recall problems. Headlight.News has more.

Car Thefts Dropped 16.6% Last Year Courtesy of Kia, Hyundai Changes

Car Thefts Dropped 16.6% Last Year Courtesy of Kia, Hyundai Changes

by | Mar 20, 2025 | , , , , , , , ,

Car thieves were far less successful last year, according to experts. The total number of vehicles stolen fell below the 1 million mark for the first time since 2021. In fact, the reduction ended a four-year run of increases — and Kia and Hyundai appear to be the reason. Find out more at Headlight.News.

How to Avoid Toll Road “Smishing” Scam

How to Avoid Toll Road “Smishing” Scam

by | Mar 17, 2025 | , , ,

Remember that trip you took a few months back? Well, you didn’t pay your toll and if you don’t pay up soon you could run up late fees or worse. Or so goes the latest Internet scam. It seems like most of us have been receiving these seemingly innocuous alerts by text or e-mail and all too many folks have fallen for a scam the FBI has now issued a warning about. Headlight.News has more.

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.