The 15 percent tariff on cars from Japan, which US President Donald Trump introduced as part of a trade agreement with Japan, will take effect tomorrow,...
Reports are circulating that Toyota will build the next Lexus ES in Japan instead of in the U.S. On the other hand, the Japanese will be...
Porsche is temporarily abandoning car production in the United States. Despite increased export costs due to US import tariffs, the German sports car manufacturer is very...
The European Union’s targets for reducing CO2 emissions from vehicles, including a 100 percent reduction for cars by 2035, are no longer achievable, the leaders of...
Shares in Nissan Motor fell after Mercedes-Benz announced plans to sell its 3.8 percent stake in the Japanese automaker. Tokyo-listed Nissan shares fell as much as...
Investors have been following trade (dis)agreements between the US and major trading partners for the past week. They were particularly concerned about the 50% tariffs that...
BMW’s profits fell sharply in the first six months of this year. It was hit by US import tariffs and underperformed in China, partly due to...
Volkswagen’s struggling luxury brand Porsche has cut its full-year profitability target following the EU’s trade deal with US President Donald Trump and after reporting a 400...
Mercedes-Benz has again lowered its outlook for this year. According to the German carmaker, this is due to import tariffs imposed by US President Donald Trump...
General Motors (GM), the American automaker that owns brands such as Chevrolet, Buick, Cadillac, and GMC, posted a sharply lower profit in the past quarter due...
German automakers are working to negotiate import duties with the United States, as BMW is reportedly losing $10 million a day due to these tariffs. The...
Japanese carmaker Nissan plans to cut an additional 10,000 jobs after already announcing in November that it would cut 9,000, the French agency AFP reports. According...
German premium carmaker BMW has reaffirmed its 2025 outlook, saying it expects some tariffs imposed on vehicle imports to fall from July, one of the industry’s...
US President Donald Trump has signed two orders to reduce the negative impact of tariffs on cars, offering manufacturers cost refunds and exemptions from additional duties...
Despite tariffs and the global economic situation, Hyundai and Kia are making unstoppable progress. Tariffs on vehicles manufactured outside the United States are in effect, but...
Analysts say Italian luxury sports car maker Ferrari will not suffer a major hit to sales and profits in the United States, regardless of what new...
Sales of major Japanese automakers in the United States surged in March, fueled by U.S. tariffs that went into effect on April 3. Toyota sales rose...
Volkswagen could move some of its Audi production to the United States due to high tariffs imposed by the US administration. Volkswagen CEO Oliver Blume told...
Ford Motor Co. said it has halted deliveries of its SUVs, pickup trucks, and sports cars to China as it begins to face heat from retaliatory...
Honda Motor will move some of its domestic production to the United States as Japan aims to deal with 24 percent tariffs imposed by the Trump...
US President Donald Trump has suggested granting the auto industry a temporary exemption from the tariffs he previously imposed, allowing manufacturers time to adjust their supply...
Following last week’s announcement of the temporary closure of a factory in Windsor, Canada, the Stellantis Group has announced that its Jeep factory in Toluca, southern Mexico, will be...
Porsche executives told analysts and investors that they had sent additional stock to the United States to beat tariffs and keep prices constant for orders placed...
Audi, the German car manufacturer, has suspended vehicle exports to the United States due to new tariffs imposed by President Donald Trump. An Audi spokeswoman confirmed...
Jaguar Land Rover will pause exports to the United States in April due to US President Donald Trump’s import duties on cars not built in the...
Japanese automaker Nissan has announced that it will no longer accept orders from the United States for two Infiniti SUV models (QX50 and QX55) produced in...
Hyundai CEO Jose Munoz has promised that the company “will not raise prices” and will instead “absorb” the new 25 percent US import tariffs that have...
Rimac Group, a Croatian sports car manufacturer, is interested in buying the stake held by Germany’s Porsche AG in their joint venture Bugatti Rimac, according to...
European carmakers are under pressure on the stock markets on Thursday as investors react to US President Donald Trump’s announcement to impose 25 percent import duties...
Ferrari said Thursday it would raise prices by 10% on certain models after April 1 in response to new U.S. tariffs, adding up to $50,000 to...