Musk says he will honor commitment to stay on as Tesla CEO for at least 5 years
Elon Musk affirmed his commitment to stay on as Tesla CEO for at least another five years, weeks after the...
Automotive & transportation
Honda reduces earnings projection due to tariff uncertainties
Japan's Honda Motor forecast a 59% decline in profits in the current financial year and said it would suspend a...
Major U.S. automakers criticize U.S.-U.K. trade deal
General Motors (GM), Ford and Stellantis, the three major U.S. automakers, have criticized the trade agreement with the United Kingdom...
Tesla’s quarterly earnings dropped 71%, and Musk distanced himself from DOGE
This has been Elon Musk's most anticipated—and most likely dreaded—quarter at Tesla. which, in a cruel turn of events, falls...
Ford estimates that tariffs will cost $1.5 billion
Ford Motor suspended its annual forecast due to uncertainty surrounding President Donald Trump's tariffs, saying the levies would cost the...
American automakers may face tariffs of up to $12,000 per vehicle
A Michigan economic consulting group said Thursday that automakers will continue to face a tariff impact of between $2,000 and...
Trump’s decision to lower US auto tariffs
In an effort to encourage the auto industry to shift more production back to the United States, U.S. President Donald...
Bezos-supported Slate Auto, a rival to Musk’s Tesla, introduces a $20,000 electric truck
Amazon CEO Jeff Bezos-backed electric vehicle startup Slate Auto introduced its first van, which the firm claims starts at $20,000...
Tesla’s first-quarter 2025 earnings fell 71%
Following a 20% decline in its automotive revenue, Tesla's net profit dropped 71% to $409 million in the first quarter...
General Motors suspends production at its Canadian factory
General Motors (GM) has announced that it will cease operations at one of its Canadian assembly factories until October, resulting...
