trade Archives - Page 2 of 7

Automakers Brace as Trump Promises New Tariffs on April 2

by Paul Eisenstein | Feb 18, 2025 | *Daily News*, Business, Earnings and Financials, Government, Regulatory, Sales, trade, Volkswagen

Automakers and auto buyers could face new import tariffs, based on comments made by Pres. Donald Trump. Such a move would drive up costs not only for foreign-made vehicles but likely also will impact many of those assembled in the U.S. as most of those rely on imported parts and components. With the average transaction price for new vehicles already near record levels, analysts warn, many buyers could be priced out of the market. And, with some trade partners already warning they would strike back with new tariffs of their own, U.S. auto exports may also take a big hit.

Trump’s 25% Tariffs on Steel, Aluminum Imports Will Impact Automakers

by Michael Strong | Feb 10, 2025 | *Daily News*, Automakers, Business, Executives, Ford, General Motors, Government, Lucid, Regulatory, Rivian, Sales, Stellantis, trade

Despite efforts by automakers to improve their relationships with President Donald Trump prior to and immediately after he took office last month, they can’t seem to escape the impact of his trade policies, the latest being a 25% tariff on steel and aluminum imports into the U.S. Find out what’s happening at Headlight.News.

Trump Tariffs Threaten Auto Industry’s Vast Manufacturing System and Could Mean a Big Hit for Buyers

by Paul Eisenstein | Jan 31, 2025 | *Daily News*, Aftermarket, Business, Chevrolet, Consumer Guides, Dodge, Earnings and Financials, EVs and batteries, Ford, General Motors, Government, Green Power, Honda, Hyundai, Nissan, Regulatory, Sales, Stellantis, Toyota, trade, Volkswagen

Pres. Donald Trump has warned he may announce tariffs of up to 25% against two major trade partners, Canada and Mexico, as early as Saturday, February 1. Additional tariffs targeting China may also be announced. The potential impact could be felt far and wide — especially in the auto industry, with manufacturers facing a threat to profits and consumers facing the risk of higher prices. Some familiar vehicles could also disappear from the market, especially entry-level models.

Stellantis to Reopen Belvidere Plant for New Midsize Pickup – Move Could Prevent Threatened Strike

by Paul Eisenstein | Jan 22, 2025 | *Daily News*, Business, Chevrolet, Concept Vehicles, Earnings and Financials, EVs and batteries, Executives, Ford, General Motors, GMC, Government, off-road, Stellantis, Toyota, trade

Stellantis will reopen a now-shuttered assembly plant in Belvidere, Illinois, the company’s U.S. chief operating officer told employees in an e-mail. The factory will produce a new midsize Ram pickup, however, rather than the EV originally planned for the facility....

Would You Buy a Chinese Vehicle? If You’re Under 30 the Answer’s Likely “Yes”

by Paul Eisenstein | Jan 21, 2025 | *Daily News*, Business, BYD, Consumer Guides, Earnings and Financials, EVs and batteries, geely, Government, Green Power, Regulatory, trade, Volvo, zeekr

Chinese auto sales hit record levels last year – both at home and abroad. Automakers like BYD and Geely saw exports grow 400% since the beginning of the decade, making major inroads in markets like Europe and Latin America. For now, only a handful of Chinese vehicles are sold in the U.S., the Biden administration quadrupling tariffs last year. But a new study shows many American buyers eagerly hoping to see the market open up, with younger motorists particularly interested in Chinese vehicles.

Zeekr Shows Why Foreign Brands Fear Emerging Chinese Automakers

by Paul Eisenstein | Jan 15, 2025 | *Daily News*, Autonomous Vehicles, Business, BYD, Concept Vehicles, Earnings and Financials, EVs and batteries, geely, General Motors, Green Power, Hybrids, Polestar, Recalls, Technology, Toyota, trade, Volkswagen, Volvo, zeekr

Chinese automotive exports hit an all-time record last year – even while being effectively locked out of the U.S. market. But despite incoming Pres. Donald Trump’s threat to put still more tariffs on Chinese-made vehicles, the doors may not be locked forever. And anyone who checked out the new Zeekr brand’s news conference and display at the Consumer Electronics Show is likely to understand why that worries other manufacturers.

Electrified Vehicles Drive China Auto Sales to Record 31.4 Million, Twice U.S. Volume

by Paul Eisenstein | Jan 13, 2025 | *Daily News*, Business, BYD, Earnings and Financials, EVs and batteries, GAC, geely, General Motors, Government, Green Power, Honda, Hybrids, hydrogen fuel-cells, Nissan, Sales, trade, Volkswagen

After several weak years triggered by the COVID pandemic, Chinese auto sales surged to a new record nearly twice that of the U.S. market. And strong demand for EVs and hybrids played a critical role, according to industry data. Meanwhile, Chinese auto exports also surged to record levels. More from Headlight.News.

VinFast Adding Second Plant in Vietnam

by Paul Eisenstein | Dec 10, 2024 | *Daily News*, Consumer Guides, Earnings and Financials, EVs and batteries, Green Power, trade, VinFast

VinFast will add a second factory in Vietnam to handle anticipated demand for its small and midsized products. The new facility is expected to begin production by July 2025. The move comes even as it delays construction of a U.S. assembly plant.

Western Automakers Losing Ground in China; GM Takes $5 Billion Charge, May Close Plants

by Paul Eisenstein | Dec 4, 2024 | *Daily News*, Buick, Business, BYD, Chevrolet, Earnings and Financials, EVs and batteries, Executives, Ford, GAC, General Motors, Green Power, Hybrids, Jeep, Tesla, trade, Volkswagen

Not all that long ago, foreign manufacturers like General Motors, Ford and Volkswagen dominated the Chinese automotive market where, in some cases, they were making their biggest profits. Now, as domestic competitors like Geely and BYD gain traction, times have changed. On Wednesday, General Motors revealed plans to take more than $5 billion in charges to restructure its Chinese operations and is likely to close some of its plants there. But it’s far from the only international manufacturer struggling in the world’s largest automotive market.

Tesla Strikes a Delicate Balance Between U.S., China – and Trump

by Joseph Szczesny | Nov 26, 2024 | *Daily News*, Automakers, Business, BYD, Chevrolet, Deals and acquisitions, Earnings and Financials, EVs and batteries, Executives, geely, Government, Hybrids, Legal, Personalities, Regulatory, Tesla, trade

With its EV sales in Europe and the U.S. slowing, Tesla has become more dependent on sales in China. But the competition is fierce, and trade tensions could hamper Elon Musk’s ambitious future. Musk’s central role in the incoming Trump administration further complicates matters.

VW’s Cupra Brand Comes a Step Closer to Entering the U.S. Market

by Paul Eisenstein | Nov 22, 2024 | *Daily News*, Business, Consumer Guides, Cupra, Dealers and Service, Deals and acquisitions, Scout Motors, trade, Volkswagen

Months after Volkswagen revealed interest in bringing its sporty Cupra brand to the U.S. market it has taken a critical step closer to making that happen before the end of the decade. It’s begun talks with the Penske Automotive Group which could partner on the launch.

Hyundai Names Muñoz its New CEO — First Non-Korean in Leadership Position

by Paul Eisenstein | Nov 15, 2024 | *Daily News*, Business, Deals and acquisitions, Earnings and Financials, EVs and batteries, Genesis, Government, Green Power, Hyundai, Kia, Nissan, Personalities, Regulatory, Technology, Toyota, trade

José Muñoz will become global chief executive officer of Hyundai Motor Co. on Jan. 1. It will mark the first time a non-Korean will move into that leadership position — and comes at a critical time for what has become one of the world’s largest automakers.

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