Toyota, Honda and Nissan forecast big hits to their profits from higher tariffs that they acknowledged were likely ‘here to stay.’
Category: Automobiles
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How Trade Tensions Sent Automakers Scrambling for Chips
Carmakers and their suppliers are piecing together new supply chains after a Chinese-owned company in the Netherlands was caught in the middle of the trade war, revealing European vulnerabilities.
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Control of Tesla Is at Stake in Vote on Elon Musk’s Pay Plan
Mr. Musk’s supporters say he may quit if shareholders don’t approve a trillion-dollar package. Some investors say it’s excessive and would give him too much sway.
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Volkswagen, Hit by Tariffs, Reports $1.5 Billion Loss and Warns of Chip Shortage
Europe’s largest automaker said that a shortage of semiconductors could further hurt productivity.
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G.M. Will Cut 1,750 Jobs in Electric Vehicle Business
The layoffs at factories in Michigan, Ohio and Tennessee follow the elimination of a $7,500 federal tax credit for electric cars.
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Toyota Says $10 Billion U.S. Investment Touted by Trump Isn’t New
Japanese officials have called into question some elements of the flurry of big new investments announced by President Trump during his Japan visit.
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Japanese Executives Called On by Trump Pledge U.S. Investment
Toyota said it would sell some of its U.S.-made cars in Japan, one of a number of announcements by companies responding to U.S. pressure over trade imbalances.
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Companies Have Shielded Buyers From Tariffs. But Not for Long.
Cars, toys and tea are among products set to get more expensive as tariffs weigh on corporate profits.
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Ford’s Profit Jumps on Strong Sales but Company Lowers its Outlook
Ford said a fire at an aluminum factory will lower profits in the last three months of the year. The company also said it has stopped making an electric version of its popular F-150 pickup.
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Volkswagen Says Loss of Chip Supply Could Hit Production
After China stopped deliveries of Nexperia’s chips over a dispute with the Dutch government, German carmakers are worried about supply shortages.
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Tesla Profit Falls 37% After It Cut Car Prices
The company sold more cars but made less money on each one because of discounts and low-interest loans.