Business
Toyota Says Tariffs Will Erase $1.3 Billion in Profits in Just 2 Months
A year ago, the world’s biggest automaker was on a tear. American consumers were snapping up Toyota Motor’s hybrids, and a weak yen…
Tag
Automobiles
Business
Why China Is Investing So Much Money in Moroccan Factories
When Xi Jinping, China’s top leader, returned from the Group of 20 summit in Brazil last November, he made a stopover in Casablanca, where…
Politics
Car Prices Expected to Rise as Tariffs on Parts Kick In
The United States imposed 25 percent tariffs on imported auto parts on Saturday that could sharply raise prices for new and used vehicles…
Politics
GM Cuts Profit Forecast by 20% and Says Auto Tariffs Will Cost It Billions
General Motors cut its profit forecast for 2025 on Thursday by more than 20 percent and said the Trump administration’s tariffs would…
Business
Tesla Chair Denies That Board Sought to Replace Elon Musk
The chair of Tesla’s board of directors denied a report that the company had begun to look for a replacement for Elon Musk, the chief…
Politics
Mercedes-Benz and Volkswagen Facing Uncertainty With Tariffs
European carmakers, including Mercedes-Benz, Stellantis and Volkswagen, said Wednesday that the chaos and upheaval caused by the tariffs…
Politics
G.M. Withdraws Profit Forecast as Trump Tariffs Take a Toll
General Motors is abandoning a previous forecast for solid profit growth this year as a result of the uncertainty created by President…
Politics
Trump Administration Looks to Take Steps to Ease Pain From Car Tariffs
The Trump administration said it plans to announce measures as early as Tuesday to ease the impact of tariffs on imported cars and car…
Politics
Trump’s Tariffs Squeeze an Already Struggling British Car Industry
The 25 percent tariffs imposed by President Trump on imported cars have added to the pressures on vehicle manufacturers around the world,…
Business
Tariff Confusion and Recession Fears Leave Advertisers ‘Paralyzed’
Persuading people to spend money in a time of unpredictable tariffs is proving to be a complicated calculation for the $380 billion…
Business
Tesla U.S. Sales Plunge as G.M. and Others Make Gains
Tesla’s sales in the United States fell almost 9 percent in the first three months of the year even as the overall market for electric…
Politics
How Tariffs Could Cause Car Insurance Costs to Rise
Add this to worries about the likely impact of tariffs: costlier car insurance. The new tariffs on imported cars, metals and parts…
Politics
Trump’s Tariffs Imperil the Fortunes of a Nissan Factory Town
Kanda, a small town encircled by mountains on Japan’s southeast coast, is hundreds of miles from any major centers of business or…
Politics
British Carmaker Jaguar Land Rover Pauses Shipments to U.S.
Jaguar Land Rover, the British luxury automaker, said on Saturday that it was pausing shipments to the United States in April, days after…
Politics
Trump’s Tariffs Pose a New Threat for Germany’s Stagnant Economy
Germany had hoped that a new government would revive its stagnant economy, but President Trump’s sweeping new tariffs are stoking worries…
Politics
Auto Tariffs Take Effect, Putting Pressure on New Car Prices
Tariffs on imported vehicles took effect Wednesday, a policy that President Trump said would spur investments and jobs in the United…
Politics
Auto Sales Surged in Anticipation of Trump’s Tariffs
The auto industry witnessed a different kind of March madness last month as buyers flocked to dealerships to lock in deals before…
News
Chinese Auto Giants Dongfeng and Changan Are in Talks to Merge
Two of China’s biggest state-owned automakers are in advanced discussions to merge, in a deal that would create a formidable manufacturer…
Politics
Specter of Auto Tariffs Spurs Some Car Buyers to Rush Purchases
Ziggy Duchnowski spent Saturday morning car shopping along Northern Boulevard in Queens with two goals in mind. He wanted to find a new…
Politics
Trump and Tariffs Enter the Scene Only Days Into Canada’s Election Campaign
On Wednesday, Prime Minister Mark Carney’s election campaign had brought him to the bridge between Windsor, Ontario, and Detroit, over…
News
Auto Stocks Tumble After Trump’s Tariffs Announcement
Shares in automakers around the world wobbled on Thursday after President Trump announced plans to impose a 25 percent tariff on imported…
Politics
Global Automakers React to Trump’s 25% Tariff on Imported Cars
Mexico deployed thousands of National Guard troops to the border to deter migrants from reaching the United States. South Korea said it…
Politics
Trump Announces 25% Tariffs on Imported Cars and Car Parts
President Trump said on Wednesday that he would impose a 25 percent tariff on cars and car parts that were imported into the United…
Politics
Tariffs Could Give Tesla and Musk a Leg Up on Rivals
Tesla could be a winner from the auto tariffs announced by President Trump on Wednesday — or at least suffer less than its competitors.…