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Trump Announces Tariffs on Imported Autos, Auto Parts – Threatening Auto Sales, Earnings

Trump Announces Tariffs on Imported Autos, Auto Parts – Threatening Auto Sales, Earnings

by | Mar 27, 2025 | , , , , , , ,

President Donald Trump formally announced that 25% tariffs targeting imported autos and auto parts will go into effect on April 3, though final details impacting some Canadian and Mexican imports have yet to be finalized. Trump promised the move will spur significant growth in the domestic auto industry. But many analysts, along with industry officials, warned it could result in a hit to industry sales and earnings, driving many potential customers out of the new vehicle market. Headlight.News has more.

Hyundai Set to Invest $21 Billion in U.S.

Hyundai Set to Invest $21 Billion in U.S.

by | Mar 25, 2025 | , , , , , , , , , , ,

Hyundai Motor Group plans to invest $21 billion for a variety of U.S.-based projects, including steel production and the expansion of its U.S. automotive production to 1.2 million vehicles annually. That more than doubles what the South Korean has invested since entering the U.S. market in 1986. More from Headlight.News.

Trump Turns Tail, Reportedly Won’t Follow Up With Auto Tariffs

Trump Turns Tail, Reportedly Won’t Follow Up With Auto Tariffs

by | Mar 24, 2025 | , , , , ,

Faced with strong resistance from domestic and foreign automakers alike, Pres. Donald Trump has reportedly folded and won’t put in place 25% tariffs on Mexican and Canadian autos and auto parts which, critics warned, could cripple the auto industry while also giving a hammer blow to the U.S. economy as a whole. More from Headlight.News.

GM, Hyundai Working Up Product-Sharing Alliance for Pickups, EV Vans

GM, Hyundai Working Up Product-Sharing Alliance for Pickups, EV Vans

by | Mar 21, 2025 | , , , , , , , , , , , , , , , ,

General Motors and Hyundai are said to be in talks that would lead to significant product sharing in the pickup and commercial EV van segments, according to a new report. Such a move would expand on the alliance the two automakers recently announced focusing on hydrogen fuel-cell technology. More from Headlight.News.

Taiwan’s Foxconn Reportedly Doing EV Deals with Two Japanese Automakers – including Mitsubishi

Taiwan’s Foxconn Reportedly Doing EV Deals with Two Japanese Automakers – including Mitsubishi

by | Mar 21, 2025 | , , , , , , , , , , , ,

Best known as the manufacturer of Apple’s iPhone, Foxconn is reportedly locking down a deal to produce battery-electric vehicles with two Japanese automakers. Details have yet to be revealed but Mitsubishi appears to be one of the new partners and there is speculation Foxconn may be working out arrangements with either Nissan or Honda, those two Japanese automakers having failed to secure their own merger deal. More from Headlight.News.

Buyers Catch a Break – Temporarily – as BMW Set to Absorb Tariffs on Mexican-Made Models

Buyers Catch a Break – Temporarily – as BMW Set to Absorb Tariffs on Mexican-Made Models

by | Mar 13, 2025 | , , , , , , , , , , , ,

President Donald Trump’s new tariffs threaten to shake up the auto industry, threatening to add thousands of dollars to the cost of even U.S.-made vehicles. For now, though, BMW will give buyers a break, the automaker saying it will absorb the added tariff costs on vehicles it imports from Mexico. Whether BMW can maintain that strategy – and whether other manufacturers will follow – is unclear.

At Just $15,000, This is the Affordable Toyota EV You Can’t Have

At Just $15,000, This is the Affordable Toyota EV You Can’t Have

by | Mar 12, 2025 | , , , , , , , , ,

The new Toyota bZ3X is, at less than $20,000, the sort of affordable EV American motorists are craving. The problem is you can’t have it. Not unless you’re thinking about moving to China. But it’s certainly connecting with motorists in the People’s Republic. And it might offer some insight into the sort of product Toyota just might eventually be able to come up with for the U.S.

With Trump’s Canadian and Mexican Tariffs on Brief Hold, European Automakers Wonder if They’re Next

With Trump’s Canadian and Mexican Tariffs on Brief Hold, European Automakers Wonder if They’re Next

by | Mar 7, 2025 | , , , , , , , , , , , , , ,

President Donald Trump on Wednesday said he would delay by a month new tariffs covering Canadian and Mexican auto imports. But even with that delay, the industry is waiting to see if Trump will next move to target additional trade partners. Trump has already hinted that European automakers could be next in his sights. More from Headlight.News.

Trump Gives Auto Industry One-Month Tariff Reprieve

Trump Gives Auto Industry One-Month Tariff Reprieve

by | Mar 6, 2025 | , , , , , , , , , , ,

Little more than a day after announcing plans to enact 25% tariffs on goods imported from the Mexico and Canada, Pres. Donald Trump threw a temporary lifeline to the auto industry by granting a one-month reprieve on automotive parts and vehicles. But the threat remains that sanctions could still follow if the U.S. can’t reach resolution with its two neighbors and leading trade partners – something Ford CEO Jim Farley warned “would blow a hole in the U.S. industry.”

Trump Tariff’s Sticker Shock Could Cripple Auto Industry

Trump Tariff’s Sticker Shock Could Cripple Auto Industry

by | Mar 4, 2025 | , , , , , , , , , , , , , , , , , ,

President Donald Trump, as expected, launched new tariffs targeting Canada and Mexico while also increasing prior tariffs on China. All three countries responded with their own trade sanctions. The tariff war will increase prices on everything from avocados to semiconductors but economists warn few consumer goods will feel the heat more than automobiles – some models set to see price hikes of $12,000 or more. At a time when sticker shock is already impacting sales, analysts fear the U.S. auto industry could see sales and profits tumble – while job cuts also could be in the offing.

Here’s More on the VW Concept Hinting at a New, “Affordable” EV

Here’s More on the VW Concept Hinting at a New, “Affordable” EV

by | Feb 21, 2025 | , , , , , , , , , , , , , , ,

Volkswagen released a pair of sketches showing off a new concept dubbed the ID.EVERY.1. They reveal the direction the German automaker plans to take when it launches a new, entry-level battery-electric vehicle in 2027. But what else have we learned about the show car and ID.1 production model to follow? Headlight.News has more.