Germany’s leading luxury automakers are sharply scaling back expectations for the rest of the year.
Category: Automobiles
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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.
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Tesla Expected to Report Falling Profit as Car Sales Fall
Elon Musk has said that robotaxis are the company’s future, but most revenue still comes from cars.
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Will the Trump’s Tariffs Spoil Earnings Season?
General Motors is the latest company to record a hit from the president’s trade war. But so far, investors remain upbeat.
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G.M. Profit Shrinks on Billion-Dollar Tariff Hit
General Motors was the second auto company this week, after Stellantis, to show the toll that President Trump’s trade policies are taking on the industry.
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China’s Problem With Competition: There’s Too Much of It
The Chinese government is taking steps to rein in what it calls “involution,” or excessive competition that is hurting local companies and fueling the country’s deflationary spiral.
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Tesla Driver Testifies Autopilot Failed to Prevent Fatal Crash
The driver gave testimony in a federal trial about Tesla’s role in a 2019 accident that killed a woman in Florida.
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Stellantis Says Profit Plunged as Tariffs Began to Bite
The company, which owns Jeep, Peugeot, Fiat and other brands, said it might soon have to begin raising prices.
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U.S. Proposes Steep Tariffs on Critical E.V. Battery Material
The Commerce Department plans to impose a 93.5 percent levy on Chinese graphite, an essential ingredient in the batteries that power electric vehicles.
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Ford Says Battery Plant’s Tax Break Survived Republican Attacks
Slight changes to the big budget bill left the factory’s tax credits intact, according to the carmaker, which will use the batteries to make more affordable electric vehicles.