Tag: auto industry news
GM, Ford prepare for impact of 25% auto tariffs
On Wednesday, March 26, President Donald Trump signed an executive order to impose 25% tariffs on all imported automobiles and auto parts. His administration...
Aston Martin secures funding amid financial challenges
Aston Martin received a $162 million funding boost from its chairman, Lawrence Stroll, to help navigate ongoing financial challenges. The investment comes from Stroll's...
Arson investigation begins after Rome Tesla dealership catches fire
Earlier this morning, a Tesla dealership on the outskirts of Rome, Italy, erupted into flames that destroyed over a dozen of vehicles. Italian police...
Cox Automotive’s Erin Keating breaks down the Q1 2025 Dealer Sentiment...
The latest Cox Automotive Dealer Sentiment Index (CADSI) reveals that U.S. dealers still face challenges in early 2025, with overall sentiment remaining below the...
Sen. Bernie Moreno clarifies Trump’s 25% auto tariffs
In recent weeks, the automotive industry has been in turmoil due to concerns over President Donald Trump’s 25% tariffs on automobiles, which have shaken...
Trump proposes auto loan interest deduction for U.S.-made vehicles
President Donald Trump has proposed a tax deduction for interest paid on auto loans for U.S.-made vehicles, a move aimed at boosting domestic car...
UAW’s Shawn Fain challenges industry’s tariff concerns, predicts job growth
As the auto industry braces for the impact of impending U.S. tariffs on imported vehicles, United Auto Workers (UAW) President Shawn Fain is rejecting...
Ferrari to raise prices on some models as U.S. tariffs take...
Ferrari has announced price increases of up to 10% on specific models in response to new U.S. import tariffs set to take effect on...
Las Vegas man charged in Tesla Molotov cocktail attack
A Las Vegas man has been arrested on state and federal charges in connection with the Molotov cocktail attack on Tesla vehicles at a...
Hyundai celebrates grand opening of Georgia $7.6B metaplant
Hyundai Motor Group just celebrated the opening of its new massive EV plant in Georgia. The Hyundai Motor Group Metaplant America (HMGMA) is part...
