Toyota committed to invest another $10 billion in the United States, as negotiations on a new U.S.-Japan trade deal moved forward — prompting Pres. Donald Trump to tell troops stationed in Japan, “Go out and buy a Toyota.” In an exclusive report, Headlight.News reports Toyota also is looking for ways to boost U.S. auto exports to Japan.
There were high hopes when Fiat Chrysler Automobiles and the PSA Group officially completed their merger on January 16, 2021. But things haven’t worked out quite as planned, the automaker now known as Stellantis struggling to reverse a sharp decline in sales and earnings. While the company insists it’s on the mend, some wonder if it would be better to consider this a failed experiment and break the company up. That notably includes former CEO Carlos Tavares. Headlight.News has more.
Stellantis has temporarily halted production at a Jeep plant in Warren, Michigan, even as three Ford plants sit idle. All face a shortage of aluminum due to a fire at a supplier plant. Meanwhile, automakers are beginning to fret there could be more closures coming across the industry due to semiconductor shortages – repeating a crisis that cast the industry millions of vehicles in lost production during the COVID crisis. Headlight.News has more.
The Trump administration’s trade war is proving costly for the auto industry which will wind up paying about $10.6 billion in tariffs – just on autos and auto parts imported from Canada and Mexico – through the end of October, and while they’ve largely absorbed most of those costs, so far, consumers can expect to start seeing more of those tariffs passed on in new vehicle prices in 2026 and beyond, reports Headlight.News.
Stellantis will invest $13 billion to increase production and add new products in the U.S. market, the company revealed, noting that this will be the largest investment in the history of the Chrysler Corp. side of the trans-Atlantic automaker. It also marks a...
Mitsubishi line-up is getting ready for a big growth spurt. The automaker today confirmed it will introduce an “all-new…off-road-focused” version of its Outlander SUV, on top of the all-electric utility vehicle it previously confirmed will arrive next summer. Headlight.News has more.
Who says EVs are dead? Not Ferrari. The Italian manufacturer has, if anything, provided new insight into what’s coming with the launch of its first all-electric model. And, to start with, it’s revealed the appropriately named Elettrica will punch out as much as 1,000 horsepower yet still manage to deliver 330 miles of range. Headlight.News has more.
Tesla CEO Elon Musk earlier this year promised to bring to market a more affordable EV and, with federal tax credits having ended last week this may be the perfect time to roll it out. The automaker’s account on X teased what could be a new, lower-cost version of the Model Y expected to debut on Tuesday. Headlight.News has more.
Tariffs enacted by Presidents Joe Biden and Donald Trump effectively closed the door on auto imports from China – only a few products now entering the U.S. But, despite the current hefty tariffs, observers expect that the Trump administration will soon open the American market up to Chinese products, while also encouraging manufacturers like BYD and Geely to set up U.S. manufacturing operations. While American motorists would likely welcome vehicles like the $20,000 BYD Dolphin, this could pose an “existential threat” to traditional automakers, reports Headlight.News.
It’s been a long run but the Subaru Legacy has reached the end of the line. The last of the once-popular sedans has rolled off the assembly line at the Subaru plant in Indiana, a victim of the ongoing market shift from sedans and coupes to SUVs and CUVs. Headlight.News has the story.
Hyundai plans to locally produce 80% of the vehicles it sells in the U.S., the automaker announced Thursday. As part of a $55 billion global investment program it will spend $2.7 billion to expand the electrified vehicle plant near Savannah, Georgia hit by an ICE raid two weeks ago, boosting its production capacity to 500,000 vehicles annually. More from Headlight.News.
Japan reached a trade deal with the Trump administration that will lower tariffs on its auto imports to 15%. That’s nearly half what the president’s trade war initially imposed on Japanese-made vehicles – but its still six times more than the duties in place before the Trump trade war – which means thousands of dollars in potential price hikes should automakers pass the tariffs on to consumers. More from Headlight.News.