Under President Donald Trump’s new tax-cut law, many people for the first time could claim a tax deduction for interest on their vehicle loans. But there are caveats, including whether the vehicle was assembled in the U.S.
A June AP-NORC poll showed about half of U.S. adults have an unfavorable opinion of Tesla, including 30% of Republicans.
President Trump’s shifting stances on trade and tariffs have upended the planning of many companies that provide parts and equipment to big automakers.
The figure was pulled down by a steep drop in auto sales, after Americans ramped up their car-buying in March to get ahead of a 25% duty on imported cars and car parts.
The business unit employs about 11,000 people in 25 countries. Allison did not specify if any jobs would be negatively affected by the deal.
The company will add production of the gas-powered Chevrolet Blazer and Chevrolet Equinox, which are made in Mexico, to two American plants starting in 2027.
Filosa is currently Stellantis’ chief operating officer for the Americas and chief quality officer.
California makes up roughly 11% of the U.S. car market, giving it significant power to shape purchasing trends.
Honda said Tuesday that electric vehicle sales were slowing in the U.S., prompting the automaker to scrap its previous goal for EVs to be 30% of its global vehicle sales by 2030.
The United States already runs a trade surplus with the United Kingdom, making it a bit easier to find common ground.
U.S. automakers had said the auto levies as previously announced would raise production costs and hit their profits. The auto industry is one of the biggest drivers of manufacturing jobs in the U.S. economy.
Automakers and independent analyses have indicated that the tariffs could raise prices, reduce sales and make U.S. production less competitive worldwide.
The facility would be the second Rivian service center in Indiana following one that opened in March in Fort Wayne.
The Transportation Department said it will move toward a single set of national rules for the technology to replace a patchwork of state regulations.
The electric vehicle maker reported a 71% drop in profit and a 9% decline in revenue for the first quarter.
While autos saw the biggest advance in two years, the overall gain was broad, with 11 of the report’s 13 categories posting increases.
Though Trump says his tariffs are intended to bolster U.S. auto manufacturing, automakers aren’t able to reconfigure their sourcing in short periods of time, experts say.
President Donald Trump said he is exploring possible exemptions to his tariffs on imported vehicles and parts to give auto companies more time to set up U.S. manufacturing.
Analysts are still not sure exactly how much the fall in sales is due to the protests or other factors. Electric car sales have been sluggish in general.
The lawsuit accuses the companies of selling Indiana drivers’ personal data and driving-habit information to insurance companies without the drivers’ knowledge or consent.
