The American automaker’s quest to become the sport’s 11th team began two years ago. It joins the grid in 2026.
Category: Automobiles
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GM Cuts Profit Forecast by 20% and Says Auto Tariffs Will Cost It Billions
General Motors now expects to earn a lot less than it did before President Trump imposed 25% tariffs on imported cars and auto parts.
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Tesla Chair Denies That Board Sought to Replace Elon Musk
Robyn Denholm, who leads Tesla’s board, said on social media that board members were “highly confident” in Mr. Musk, the company’s chief executive.
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Mercedes-Benz and Volkswagen Facing Uncertainty With Tariffs
Faced with tariffs introduced by President Trump on cars, steel and aluminum, Europe’s carmakers are pessimistic about the future.
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G.M. Withdraws Profit Forecast as Trump Tariffs Take a Toll
General Motors also said its profit in the first three months of the year fell 7 percent from a year earlier.
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Trump Administration Looks to Take Steps to Ease Pain From Car Tariffs
The planned concessions to give automakers more time to relocate production to the United States would still leave substantial tariffs on imported cars and car parts.
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Trump’s Tariffs Squeeze an Already Struggling British Car Industry
The 25 percent levies threaten automakers that are navigating Brexit, a shift to electric vehicles and other obstacles.
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Tesla’s Falling Profit May Pressure Elon Musk to Return to Day Job
The carmaker is expected to report a decline in quarterly earnings after Tesla’s brand suffered because of its chief executive’s role in the Trump administration.
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After Trump Spares Apple, Other Businesses Want a Tariffs Break
Retail executives huddled with the president amid fears that tariffs could result in higher prices.
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Carmakers Highlight U.S. Manufacturing in Bid to Influence Trump Over Tariffs
Wary of directly criticizing the president’s trade policies, automakers are emphasizing how much they have already invested in U.S. manufacturing.
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Tesla U.S. Sales Plunge as G.M. and Others Make Gains
Overall sales of electric vehicles rose almost 11 percent in the first three months of the year as traditional carmakers offered new models.