Trump says he’ll place 25% tariff on autos from EU, accusing it of not complying with trade deal
President Trump said in a social media post that the European Union “is not complying with our fully agreed to Trade Deal.”
Auto Industry
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Stellantis announces $13B investment in US facilities, including Kokomo
The company had previously said it would make additional investments in several of its Kokomo facilities to produce an all-new vehicle.
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After fast start, electric cars need a recharge as range limits, cost leave some drivers skeptical
Adding to the headwinds: an incoming new U.S. president who has disparaged government support for electric vehicles.
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Car loan defaults jump as consumers battle inflation, high interest rates
A Cox Automotive report finds that car repossessions nationwide are up 23% over last year and 14% compared with the first half of 2019.
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Corvette will be the first hybrid pace car in Indy 500 history
The 2024 Chevrolet Corvette E-Ray 3LZ coupe, the 21st Corvette pace car at the Indy 500, uses naturally aspirated V-8 power and electric power.
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Articles
Toyota sales dip as automakers brace for Iran impact
While the world’s biggest carmaker has held steady despite a global slowdown in EV demand and the cost of US tariffs on cars and parts, the bigger test for the auto industry will be the degree of disruption from the Middle East conflict.
Stellantis CEO sees return to profit in North America region
Filosa said he was optimistic about swinging back to profit in North America, where the company reported a $1.1 billion loss during the second half of the year, following writedowns and charges.
Why it’s becoming so expensive to buy a car in America
Prices have never been higher — and the auto loans are bigger and longer than ever to make purchases possible. The auto industry is increasingly worried how much more consumers can take.
Stellantis seeks to exit battery venture with Samsung as EV losses mount
Stellantis and Samsung SDI formed their Indiana joint venture, StarPlus Energy, in 2021 and began production at a $2.5 billion battery manufacturing plant in Kokomo three years later.
Cadillac F1 unveils black and white design for race cars
CEO Dan Towriss called the design — unveiled in a Super Bowl ad — “bold, modern and unmistakably American.”
Stellantis shares plunge on $26B in charges tied to EV retreat
The writedowns, much of which will cover the cost of canceling EVs and compensating suppliers, exceed the impairments Ford Motor Co., General Motors Co. and Porsche AG have announced in recent months.
Hyundai and Kia to repair millions of vehicles under deal to fix anti-theft technology
Under the nationwide settlement, the companies will offer a free repair to all eligible vehicles at a cost that could top $500 million and outfit all future vehicles sold in the U.S. with a key piece of technology.
Strong recovery for car sales didn’t materialize in 2025 as many predicted
Did high prices, high interest rates or tariff uncertainty scare you off from buying a new car this year? You’re in good company.
UPDATE: NASCAR settles federal antitrust case, gives all its teams the permanent charters they wanted
Teams have argued for more than two years that their charters needed to be made permanent and revenue sharing had to change.
Consumer sentiment rises for first time in 5 months
Still, consumers remain troubled by a stubbornly high cost of living, which has been a major drag on sentiment this year.
Trump outlines plan to unwind Biden-era car mileage mandates
The Transportation Department proposal represents the administration’s latest bid to unwind a suite of policies spurring electric vehicle production that Trump has derided as an “EV mandate.”
Trump plans to weaken vehicle mileage rules in bid to reduce vehicle prices
The proposal would significantly reduce fuel economy requirements, which set rules on how far new vehicles need to travel on a gallon of gasoline, through the 2031 model year, according to sources.
Ford taps Amazon to let shoppers buy its used cars online
Ford joins Hyundai on the Amazon Autos portal, which allows car buyers to browse, finance and purchase a used car by clicking on the familiar “add to cart” icon.
Musk could become history’s first trillionaire as Tesla shareholders OK giant pay package
The vote followed weeks of debate over his management record at the electric car maker and whether anyone deserved such unprecedented pay.
Apple inks 5-year US broadcasting deal with Formula 1
The deal with Apple was praised by Dan Towriss, CEO of Indianapolis-based TWG Motorsports and the Cadillac Formula 1 team that will debut next season.
Ontario premier criticizes Trump after Stellantis says it will move production from Canada to US
The leader of Canada’s most populous province called for economic retaliation on the U.S. over Stellantis’ decision.
GM to take a $1.6B hit as tax incentives for EVs are slashed
General Motors had led the way among U.S. automakers with plans to convert production to an electric fleet of vehicles.
US opens Tesla probe after more crashes involving self-driving technology
The National Highway Traffic Safety Administration said in a filing dated Tuesday that it has 58 incident reports of Tesla vehicles violating traffic safety laws while operating in full self-driving mode.
Stellantis planning $10B in US turnaround investments, sources say
Stellantis’ actions would mirror those of companies unveiling big investment plans to curry favor with President Donald Trump and mitigate the impact of tariffs.