Tag: Trump’s Tariffs
Presidio-NCM report reveals dealer profit climbs 3.7%, reaching post-pandemic highs
In the first quarter of 2025, franchised U.S. auto dealerships saw a significant rebound in earnings, marking a potential turning point after nearly three...
Dave Kelleher warns tariffs will raise prices, cut jobs across U.S....
As the Trump administration weighs significant tariff increases on imported goods, Dave Kelleher, president of David Auto Group, is sounding the alarm on what...
GM confirms Mexican EV production will continue despite tariffs
Despite the uncertainty surrounding President Trump’s tariffs on the automotive industry, which could raise costs by thousands of dollars per vehicle, General Motors (GM)...
Tesla stock tumbles ahead of earnings as Musk’s political involvement grows
Tesla shares dropped nearly 6% on Monday, hitting $227.50 and hovering just above their lowest point this year, as investor anxiety mounted ahead of...
Ford halts U.S vehicle exports to China as tariffs hit 150%
Ford has stopped shipping high-end pickup trucks, SUVs, and sports cars from the U.S. to China as tariffs on American vehicles soar to as...
Volvo to lay off up to 800 U.S. workers due to...
Volvo Group is planning to lay off up to 800 workers at three U.S. facilities over the next three months, citing declining demand and...
Mike Maroone’s three-step strategy to navigate tariffs
As the automotive industry braces for the impact of a new 25% tariff on imported vehicles, Mike Maroone, CEO of Mike Maroone Auto and...
Powell warns Trump tariffs could trigger inflation and job losses through...
Federal Reserve Chair Jerome Powell said Wednesday that tariffs and trade policies enacted by President Donald Trump are likely to drive up both inflation...
Mazda halts CX-50 exports to Canada amid tariff impact
Mazda Motor Corp. will suspend exports of its U.S.-built CX-50 compact SUV to Canada starting May 12, a temporary response to the escalating cost...
Ford may increase prices if auto tariffs continue
Ford Motor Company may increase prices on new vehicles if President Donald Trump's auto tariffs continue. A memo sent to dealers on Wednesday, reviewed...
