New vehicle prices are already rising an average $2,000 due to Trump tariffs. They could be hit with another big increase as the president readies a 50% tariff on the miles of copper found in today’s automobiles. Headlight.News has more.
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Tesla Stock Tumbles as Musk, Trump Feud Reignites, Sales Slide
After seemingly declaring a truce last month, Tesla CEO Elon Musk and Pres. Donald Trump went after each other again on Monday, the president threatening to trash federal subsidies for Tesla and SpaceX. It didn’t help the automaker’s stock as analysts warned of a sharp downturn in sales when Tesla reveals its second-quarter results on Wednesday. More from Headlight.News.
A Wave of Senior Execs Exit As Tesla Sales Plunge
Yet again, Tesla sales stumbled by double-digits in May, marking the fifth monthly decline in a row. Meanwhile, the man appointed to run operations and sales in Europe and the U.S. has left the automaker, as has its head of human resources. Tesla has seen a flood of senior execs leave in recent months, including the head of its Optimus robot program. But it did manage to snag the former head of autonomy from GM’s now shuttered Cruise subsidiary.
Is Another Mideast Energy Crisis Looming?
Iran is threatening to close the Strait of Hormuz, the critical Mideast waterway through which 20% of the world’s liquid petroleum passes through. That’s already led to a surge in gasoline prices in the U.S. and some analysts worry it could trigger the sort of global energy crisis not seen since the 1970s. Headlight.News has more.
Expect to Spend Nearly $2,000 More for a New Car as Trump Tariffs Take Hold
Expect to spend nearly $2,000 more for your next vehicle due to the Trump administration’s tariffs on imported autos and auto parts, automakers expected to pass on most of the $30 billion in higher costs they’ll face, according to a new study, But that could result in 1 million fewer sales this year, while some foreign-made vehicles will likely vanish from U.S. showrooms because they’ll be priced out of reach, reports Headlight.News.
Expect to find Fewer Imports at Your Local Dealership as Trump Tariffs Take Hold
If you’re planning to buy an import vehicle anytime soon be prepared to wait. Dealers around the country are beginning to run short of some foreign-made models, according to recent reports, as manufacturers reduce shipments to the U.S. due to the Trump auto tariffs. And that could spell trouble for motorists, in general, as the slowdown also impacts foreign-made service and repair parts. More from Headlight.News.
Nissan Kills Versa, America’s Most Affordable Car – Blames Trump Tariffs
Nissan plans to scrap the Versa. It’s not only the cheapest vehicle in the automaker’s line-up but the lowest-priced model offered in the U.S., period. The Trump tariffs are one of the key reasons for this decision, reports Headlight.News, noting the entire entry auto market could vanish.
VW Planning “Massive” U.S. Investment, Says CEO Blume
Facing potentially massive new tariffs on imported autos and auto parts, some manufacturers have begun planning ways to shift production to the U.S. That includes Volkswagen whose CEO said “massive” new investments could be coming – though a new court ruling could short-circuit such plans. More from Headlight.News.
Antonio Filosa Named New Stellantis CEO
Stellantis has a new CEO. After a nearly 6-month search, Antonio Filosa steps into the vacancy created by the unexpected resignation of Carlos Tavares last December. The 51-year-old Filosa faces some serious challenges, including weak sales by key brands Ram and Jeep. He may also face the question of whether to abandon some of the 14 Stellantis brands, such as Chrysler and Fiat. More from Headlight.News.
First Look: 2026 BMW M2 CS
The latest-generation BMW 2-Series brought a significant upgrade to the smallest model the automaker offers in the U.S., and the M2 took things to a new level. But now comes what you can think of as the “ultimate” take on the compact coupe, the 2026 BMW M2 CS. It’s lighter, more powerful and adds a number of chassis and suspension upgrades. Here’s a first look.
Toyota Goes Into “Wait and See Mode”
With dozens of new models set to debut in the U.S. in the coming months, this should be a big year for Toyota. But the automaker’s plans have been put in a “wait and see mode,” as executives struggle to figure out how to respond to the new Trump import auto tariffs.The tariffs could bring more Toyota jobs to the U.S. – but they might also price some products out of reach, hammering sales. Headlight.News has more.
Tariffs Backfire as Automakers Reduce North American Production
Pres. Donald Trump’s 25% tariffs on imported autos and auto parts were intended to bring manufacturing and jobs back to the United States but, at least for now, the plan appears to be backfiring. Though a number of automakers are looking at ways to bring new vehicle production to the States, a new study shows that the industry will sharply reduce output in North America this quarter. And that, in turn, raises the prospect of U.S. auto jobs cuts. More from Headlight.News.