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Toyota Teaming Up With Waymo on Autonomous Vehicles

Toyota Teaming Up With Waymo on Autonomous Vehicles

Waymo and Toyota are teaming up. The Japanese giant will help develop a new autonomous vehicle platform for the Google spin-off which has become the U.S. leader in driverless ride-sharing technology. The announcement comes days after VW and Uber revealed their own autonomous alliance. More from Headlight.News.

Motorists Becoming More Comfortable With EVs – Though Growth Has Slowed

Motorists Becoming More Comfortable With EVs – Though Growth Has Slowed

Motorists around the world are becoming increasingly comfortable with purchasing and owning EVs, according to a new study, though Americans lag well behind their counterparts in Europe and, in particular, China. Credit the longer range, faster charging and lower costs of newer EV models, consumers told McKinsey & Co. Headlight.News has more.

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

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

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.

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

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

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.

Tesla Stock Plunging for 9th Straight Week: No Automaker “Has Lost so Much Value so Quickly”

Tesla Stock Plunging for 9th Straight Week: No Automaker “Has Lost so Much Value so Quickly”

It’s hard to find anything “analogous” in automotive history to the ongoing crisis at Tesla, JP Morgan warned, as the automaker’s global sales collapse, its stock price further tumbles and CEO Elon Musk’s once hero image goes up in flames. There are few signs Pres. Donald Trump’s enthusiastic endorsement of the brand last week will generate sales. If anything, Tesla itself now warns, the company could get caught up in Trump’s trade war.