The outlook for the automotive industry is starting to look increasingly dim, automakers frantically searching for a way to respond to the Trump administration’s broad tariff on imported autos and auto parts. The question is whether to raise prices and risk a sharp slump in sales or absorb tariffs and crash earnings.
The Kia EV3 was named World Car of the Year at the annual New York International Auto Show, with Volvo, Porsche, BYD and Volkswagen also nabbing five other awards. As Headlight.News reports, EVs, dominated.
Who says auto shows are dead? Not Hyundai. The Korean carmaker plans to make some big news at the New York International Auto Show next week, unveiling not just one new model but two: the 2025 versions of the compact Tucson SUV and compact car-cum-pickup, the Santa Cruz.