President Donald Trump’s press conference laying out the remainder of his tariff policy revealed automakers would not be facing any additional tariffs beyond the 25% on vehicles and parts crossing into the U.S. Volkswagen is adding an “import fee” to vehicles hit by the tariffs while Ford is offering discounts to try to improve affordability. Headlight.News tracks down how other carmakers are dealing with the problem.
April 2, says Pres. Donald Trump, is “Liberation Day,” claiming his new tariffs will free the U.S. from its reliance on foreign-made goods. But U.S. car buyers may see things in a very different light. Virtually all vehicles, even those assembled in the States, will see price hikes. And a number of automakers, from mainstream brands like Chevrolet, to high-line marques such as Mercedes-Benz, are weighing the prospects of pulling entry models off of the American market. More from Headlight.News.
The Biden administration’s effort to make new electric vehicles more appealing to the American public with $7,500 tax credits is becoming a big hassle for some buyers. The Internal Revenue Service has been rejecting the tax returns of some EV owners claiming the credit. However, they are also looking to help. Find out more at Headlight.News.
Good news or bad? It all depends on how you choose to look at Rivian’s first-quarter sales and production results. Headlight.News explains.
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.
If you get caught speeding in Virginia you could find it difficult to break the speed limit again. The state is set to become the first to allow its judges to order speeders to install a device limiting how fast they can drive in the future. The new rules go beyond the speed warning devices European lawmakers have enacted, reports Headlight.News.
The automotive tariffs going into effect next months could add thousands, even tens of thousands, of dollars to the cost of new vehicles. But Pres. Donald Trump raised the threat that he might punish manufacturers who pass tariff costs on to consumers. More from Headlight.News.
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.
Two top Tesla investors are taking aim at CEO Elon Musk, one saying he must pull back from his work for the Trump administration, the other saying the damage is done and that it’s time for the automaker to find a new chief executive. Things grew worse for the...
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.
Bad enough for Tesla that demand Cybertruck has fallen far short of its original expectations – with the electric pickup coming to symbolize growing opposition to the politics of the automaker’s CEO. Now comes word Tesla has had to halt Cybertruck deliveries as it struggles to find a way to prevent sheet metal and other body parts from flying off when the truck is driven at highway speeds.
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.