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...
Automotive & transportation
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...
Goldman Sachs reduces U.S. vehicle sales estimates by nearly one million units due to tariffs
Goldman Sachs on Thursday reduced its estimate for U.S. auto sales this year by nearly one million units as President...
Mexico calls on automakers with plants in the nation to comply with T-MEC
The Mexican government announced on Thursday that it is in talks with executives of international automobile firms with plants in...
Michigan begs Trump to ‘halt’ auto tariffs
The Detroit region and the Michigan State Automotive Industry Association have asked President Donald Trump's administration to "pause" planned tariffs...
Ferrari may boost prices by up to 10% on various models in the United States owing to tariffs
Italian automaker Ferrari announced Thursday that it intends to raise its selling prices in the United States in response to...
