Heading into the weekend, fuel prices topped $3.32 a gallon and are expected to continue rising fast as long as the U.S. war against Iran drags on. For the typical motorist the increase over the last week is adding about $5 a fill-up. But consumers, in general, can expect to see this translate into still further price hikes on food, clothing and other goods should the war continue, reports Headlight.News.
A federal judge Thursday delivered a stinging defeat to the White House, ruling U.S. importers are “entitled to benefit” from the Supreme Court’s own decision tossing out Pres. Trump’s import tariffs. In other words, those who paid those illegal duties are due refunds. That includes the estimated $25 billion the U.S. auto industry paid out. Will they collect? And will they pass on any money to auto buyers? More from Headlight.News.
Fear is beginning to set in on oil markets around the world as Iran strikes back after the U.S. and Israel launched attacks over the weekend. Insurers are refusing to cover shipments through the critical Strait of Hormuz while Iran is upping its own drone and missile strikes on tankers and Mideast energy infrastructure. Petro prices are surging on markets as experts and traders try to determine just how much of a disruption to energy supplies could be in store, reports Headlight.News.
Five decades after the Iranian revolution led to a series of global energy shocks, Pres. Donald Trump’s attack on Iran is raising global concerns of a new petro-crisis, oil prices surging on Monday, with experts warning that a shutdown of the critical Strait of Hormuz could create widespread shortages. More from Headlight.News.
Honda will begin exporting two models from U.S. plants to Japan, Headlight.News learned, marking the first time it has done that in four decades. The move echoes plans by Toyota which late last year said it would export three American-made products to its home market.
The auto industry may be getting a bit of a reprieve from the latest round of tariffs enacted by Pres. Donald Trump following the U.S. Supreme Court’s decision announced last Friday finding most of his early import duties were illegal. But automakers and auto suppliers still face earlier tariffs on imported vehicles, parts and metals not covered by the court’s ruling. And that means auto buyers will continue to pay substantially inflated prices at a time when many potential customers have been driving out of the market. More from Headlight.News.
Has Polestar finally turned the corner? The Swedish automaker, spun off by Volvo nearly a decade ago, had a very good year in 2025 – and is looking to keep the momentum going as it prepares to roll out a series of new products, starting later this year with the debut of the Polestar 5.
Volkswagen’s CEO and CFO presented senior management a “massive” plan to cut costs by 20% by the end of 2028, a move that could save as much as $71 billion at current exchange rates. The move could bring plant closures and cuts to employment, reports Headlight.News.
China’s BYD saw a massive surge in global sales last year. It not only topped Tesla as world’s largest seller of battery-electric vehicles but also beat Ford Motor Co. in overall global sales. More from Headlight.News.
President Trump is threatening to block the opening of a new bridge linking Detroit and Windsor, Ontario eagerly sought by the auto industry. The president points to his escalating debut with Canada but critics see a political favor for a major GOP donor who owns a rival span across the Detroit River. Headlight.News has more.
Mercedes-Benz CEO Ola Kallenius rejected pressure from Howard Lutnick, the U.S. Treasury Secretary, to move his company’s headquarters to the United States. But it will increase U.S. production. Headlight.News has more.
Half empty or half-full? GM managed to beat Wall Street expectations for the fourth quarter of 2025, but still saw revenues tumble by more than 5%. And with North America largely responsible for that dip, union workers will see their own profit-sharing checks fall for the year. As Headlight.News reports, GM CEO Mary Barra promised to deliver a big upturn in 2026.