Buyers looking for a new European vehicle could soon see prices go up by thousands of dollars, Pres. Donald Trump hiking tariffs to 25% after accusing the EU of “not complying with our fully agreed to Trade Deal.” More from Headlight.News.
Tariffs
Automakers Set to Get Billions in Tariff Refunds – But Will Buyers Also Benefit?
Detroit’s Big Three automakers are in for windfall refunds from the federal government – a combined $2.3 billion coming back now that a key portion of the Trump tariff regime was ruled illegal by the U.S. Supreme Court. But buyers may not see a penny of that, reports Headlight.News.
Ford, Stellantis Deliver Upbeat Q1 Earnings – But Not Everyone is Impressed
After taking a financial hammering last year, both Ford and Stellantis appear to be getting the new year off on a positive note, delivering unexpectedly strong first-quarter earnings. Ford got a boost from a big tariff refund, Stellantis from a sharp upturn in sales of Ram and Jeep models. More from Headlight.News.
Automakers Warn Tariffs May Force Them to Drop Entry Models
At a time when the typical buyer now spending around $50,000 to drive off the dealer lot, millions of American motorists are being forced out of the new vehicle market. Budget buyers could soon find their choices even more limited, however, depending upon negotiations to update the U.S. -Mexico-Canada Agreement. How that shakes out may lead a number of U.S. and foreign-owned automakers to drop their most affordable models.
GM Raises Earnings Guidance While Reporting Lower Q1 Net Income Number
General Motors saw its first quarter net income drop 5.7% to $2.6 billion due costs associated with a settlement with its electric vehicle supplier base. However, on an adjusted basis its earnings rose 21.9% to $4.3 billion. Find out more at Headlight.News.
Nissan Outlines Plans for New Product Portfolio, Leaner Operations and Growth in U.S. Market
Let by CEO Ivan Espinosa, senior Nissan officials spent nearly an hour Thursday morning outlining a grand plan meant to move beyond the massive cuts it was forced to make over the last few years. It calls for a smaller, more focused product portfolio, new powertrain technologies, more tech features, a leaner product development and manufacturing system – and growth in the key markets of the U.S., Japan and China. Headlight.News has more.
Next-Gen Nissan Rogue Launching as Hybrid Only
Nissan is getting ready to roll out an all-new version of its best-selling product line. But it will be taking a big risk with the 2027 Nissan Rogue. It’s not just the fact that the compact SUV will be offered solely as a hybrid for at least the first year, but the fact that this will be Nissan’s all-new e-Power technology which takes a radically different approach from the hybrids currently on the road. Headlight.News has more.
Tariffs Leave Buick Struggling
The year’s gotten off to a bad start for Buick, the automaker’s U.S. sales down by roughly a third during the first quarter. Put the blame on the Trump auto import tariffs which have crippled sales of one of the brand’s most important products. Headlight.News has more.
Gas Prices Top $4 – And Motorists Aren’t the Only Ones Hurting
Gasoline prices topped $4 a gallon for the first time in nearly four years. As bad as that might seem for consumers, it could be even more trouble for an auto industry looking to the future with mounting trepidation. Headlight.News has more.
What Gas Crisis? GM Set to Run Flat Out at Heavy-Duty Truck Plant
Gas may be approaching $4-a-gallon nationwide but General Motors sees booming demand for its biggest pickups, the automaker set to run a key Michigan plant flat out in the coming months. But will sales continue to defy growing concerns about the economy? Headlight.News has more.
Auto Sales Set to Tumble – and Downturn Could Accelerate as Iran War Reignites Inflation
New vehicle sales appear to have gone into decline during the first quarter, with industry insiders worrying the downturn could accelerate as the Iranian War triggers not only higher fuel prices but more general inflation. More from Headlight.News.
These Are the EVs That Have Been Cancelled or Delayed — So Far
Honda revealed it’s canceling three battery-electric vehicles it planned to offer in the U.S. But it’s just the latest manufacturer pulling back on its EV program as sales plunge following the phaseout of federal tax credits last September. Headlight.News looks at other EV programs that have been cancelled or delayed.