While the Trump administration may be taking steps to slow EV adoption you wouldn’t know by the sales numbers which, in the U.S. are rising at a double-digit rate. Worldwide, demand is growing even more rapidly, with battery-electric models expected to account for more than one in four of the vehicles sold worldwide this year.
Nearly a half year after the unexpected resignation of Carlos Tavares, the founding chief executive of Stellantis, the Euro-American automaker has yet to name a replacement. But the search may be coming to an end, according to a new report which says Antonio Filosa, currently the head of Americas operations for Stellantis, has become the leading candidate.
Negotiators for the U.S. and UK reached what the two sides hailed as a “historic” trade deal Thursday, leading Pres. Donald Trump to slash tariffs on British steel, autos and auto parts. Final details still have to be worked out, according to several reports, but the deal puts a 100,000-vehicle cap on British auto exports to the U.S. which falls below the numbers reported in 2024 by the UK’s largest brands, Jaguar, Land Rover and Mini. The deal does not appear to meet a key Trump goal of shifting foreign manufacturing to the U.S. More from Headlight.News.
By the time it ended its run, the name, “Yugo,” had become more of a punchline than an automotive brand. But there’s a distinct possibility that what was once the cheapest brand available in America just might be making a comeback. Headlight.News has the story.
Ford Motor Co. plans to raise prices on three popular product lines assembled in Mexico, according to an advisory sent to dealers. The automaker put the blame on the new Trump auto tariffs which, it said earlier this week, will add about $2.5 billion to its costs this year. The automaker has yet to say whether it also will raise prices on products produced at Canadian and other foreign plants, as well as those assembled in the U.S. using foreign-made parts. Headlight.News looks at whether othr products could see price hikes,
General Motors has appointed veteran Duncan Aldred to run the company’s North American business operations. The British-born executive comes in at a critical time for the automaker which just warned expects to take as much as a $5 billion hit from Pres. Donald Trump’s auto tariffs. Headlight.News has more.
Millions of American motorists have been rushing to buy before the Trump auto tariffs take hold. But automakers and auto dealers were already driving up transaction prices even before the sanctions went into effect on May 3, despite White House claims prices won’t rise. If anything, costs are going to continue going up, reports Headlight.News.
If you’re a luxury buyer, Trump’s auto tariffs are likely to have little more impact than raising your monthly payment. Buyers on a tight budget are likely to be driven out of the new vehicle market, industry analysts warn, while half of the entry-level models now available in U.S. showrooms are likely to vanish. Tariffs, it turns out, will impact all motorists, even those not looking for a new vehicle, by raising costs for service and repairs – and even insurance. Headlight.News reports.
General Motors revised its full-year financial forecast and said the auto tariffs put in place by Pres. Donald Trump could cost it as much as $5 billion this year – despite the White House move this week to offer automakers some modest relief. As a result, it expects to see sales, revenues and net income fall sharply when compared to its original forecast for 2025. More from Headlight.News.
Stellantis reported Wednesday a 14% slide in revenues for the first quarter. The Euro-American automaker had previously forecast a turnaround later in the year but said during a webcast it was suspending future guidance in the face of Pres. Trump’s new auto tariffs. It joins GM and Mercedes in warning that sales and earnings could be at risk. More from Headlight.News.
Protestors and proponents alike turned out during a visit by President Donald Trump to suburban Detroit. The president promised tariffs will lead to more good-paying jobs in the United States and an economic boom in the future. But he also announced steps providing tariff relief as automakers prepare for the possibility of a sharp slump in sales and earnings — as well as job cuts — in the months ahead.
Pres. Donald Trump is expected to deliver good news for the auto industry during a visit to Detroit Tuesday. U.S. Commerce Secretary Howard Lutnick signaled there will be cuts made to the tariffs that were expected to result in as much as a 2 million unit reduction in new vehicle sales this year. Headlight.News has more.