But automakers can’t absorb the cost forever and will soon begin to raise new car prices, analysts say.
Category: Automobiles
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Japan’s Auto Giants Are Expecting Pain Despite Trump Trade Deal
Toyota, Honda and Nissan forecast big hits to their profits despite a trade deal that cut auto levies to 15 percent. The reduced rate has yet to be implemented.
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Does Japan Want American Cars? Trump’s Push to Open Foreign Markets Faces Test.
President Trump is celebrating deals that lower trade barriers on American staples like cars. Experts question how much of an effect this will have.
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Tesla Awards ‘Good Faith’ Shares to Musk Worth $29 Billion
The “interim” package announced on Monday was intended to help retain Elon Musk, whose previous pay plan was invalidated by a judge. The car maker’s chief has hinted that he needed a larger stake in the company.
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Trump Will Slow, but May Not Stop, the Rise of Electric Vehicles
President Trump and Republicans in Congress are eliminating federal incentives to buy electric vehicles, but carmakers need to keep selling and investing in them.
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Jury Says Tesla Was Partly to Blame for Fatal Crash
Lawyers for the family of a woman struck and killed by a Tesla sedan in 2019 argued that the company’s Autopilot software should have avoided the crash.
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Ford Is Latest Carmaker to Blame Tariffs for Profit Slump
The company estimated that duties on imported cars and car parts would cost it $2 billion this year.
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Mercedes and Porsche Squeezed by U.S. Tariffs and Slowdown in China
Germany’s leading luxury automakers are sharply scaling back expectations for the rest of the year.
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The Country Where 76% of Cars Sold Are Electric
Subsidies, hydroelectricity and a manufacturing powerhouse neighbor are moving the cars into Nepal faster than almost anywhere else.
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Volkswagen Hit Hard by Trump’s Tariffs
The German automaker said that the U.S. import duties erased about $1.5 billion from its profit in the first half of the year.
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How Trump’s Japan Deal Could Give Japanese Cars a Leg Up in the US
President Trump’s 15 percent tariff on cars from Japan has angered U.S. automakers, which make cars in Canada and Mexico subject to 25 percent tariffs.