Volvo will trim its U.S. line-up as it copes with the challenges posed by Pres. Donald Trump’s import auto tariffs. Among the models going away: the S60, S90 and ES90 sedans. More from Headlight.News.
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Japanese Auto Imports Face 15% Tariff Under New Trade Deal
As part of a new trade deal, Japanese auto imports will now face 15% reciprocal tariffs, down from the earlier 25% levied as part of Pres. Donald Trump’s trade war. Japan also agreed to set up a $550 billion fund to back investments in the United States. More from Headlight.News.
GM Net Income Crashes as Trump Tariffs Take Hold
General Motors reported a 35% decline in net income for the second quarter of the year, much of that due to the new Trump tariffs which took a $1 billion bite, the automaker reported. More from Headlight.News.
Ford Launches Two Electrified Broncos – But You Can’t Have it Unless You Live in China
Ford has launched two electrified versions of the Bronco, an EV and a range-extender. Both are set to go on sale later this year. Unfortunately for EV fans, the only place they’ll be available is in China. Headlight.News has more.
The New Subaru Uncharted Really is Entering Uncharted Territory
Facing an assortment of new tariffs and an assortment of anti-EV policies, the new Subaru Uncharted faces serious challenges the automaker couldn’t have imagined when the project was first launched. But Subaru does have some advantages: buyers more open to EVs than at many other brands. More from Headlight.News.
Your Next Vehicle Could Cost Thousands More as Trump Announces New Tariff on Copper
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.
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.