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.
The ongoing trade tensions between the U.S. and Canada got a little more … targeted Monday. The city of Toronto announced Tesla vehicles will no longer be eligible for the city’s EV incentives for taxis. Get details at Headlight.News.
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.
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.
The day after President Donald Trump and adviser/Tesla CEO Elon Musk showed off the president’s just-purchased Tesla Model S, the Trump administration took the next step in eliminating the Biden administration’s push to increase electric vehicle production. Find out more at Headlight.News.
“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.
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.
European Union officials reaffirm 2035 ban on new gasoline cars while also making revisions to help automakers reach these targets easier as the market continues to shift.
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.”
Did the U.S. State Department craft a $400 million windfall deal for Tesla and its CEO Elon Musk as payback for the executive’s leading role in the Trump administration? And is it now trying to cover up the truth behind the proposed purchase of armored versions of the Tesla Cybertruck? That’s a question one ranking member of the Senate is trying to find out.
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.