Automakers
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Stellantis posts first-half losses in ‘tough’ year
The company’s U.S. tariff hit heads up the automaker's reasons for its predicted $2.7 billion overall loss for 2025.
By Paul Myles | WardsAuto • July 29, 2025 -
Supplier expects to benefit from $16.5B Tesla, Samsung AI chip deal
Graphjet Technology says growth in U.S. semiconductor manufacturing is timely for its planned expansion in Nevada.
By Larry Avila • July 29, 2025 -
Lucid files proxy with SEC for 1-for-10 reverse stock split
The move is intended to boost the electric automaker’s share price and make the stock more attractive to investors.
By Eric Walz • July 29, 2025 -
US, EU agree to lower tariffs in ‘framework’ deal
Most imports from the bloc would face a 15% tariff under the pact, U.S. President Donald Trump and European Commission President Ursula von der Leyen announced Sunday.
By Philip Neuffer • July 27, 2025 -
Hyundai reports record-high revenue of $35.2B in Q2
Despite the automaker’s record-setting revenue, its net income declined 22% year over year as a result higher incentives, the company said.
By Eric Walz • July 25, 2025 -
Volkswagen takes $1.5B hit from tariffs
The auto group was forced to trim its full-year earnings forecast and “realign” its business model, possibly focused on less U.S. trade, executives said.
By Paul Myles | WardsAuto • July 25, 2025 -
GM CFO looks to strategic pricing, costs to blunt $1.1B tariff impact
Trade deals with South Korea, Mexico and Canada will be important for the automaker’s future, the executive said Tuesday.
By Grace Noto • July 25, 2025 -
Volvo Cars’ head of global design steps down
Jeremy Offer resigned to spend more time with family, according to the automaker.
By Larry Avila • July 25, 2025 -
Tesla reports 42% YoY drop in operating income
The automaker’s Q2 sales fell 13.4% from a year ago as it faces growing competition in the global EV market.
By Eric Walz • July 24, 2025 -
GM, Redwood Materials sign deal to deploy energy-storage batteries
The partnership will create low-cost batteries to power AI data centers and other applications.
By Eric Walz • July 23, 2025 -
Volvo regionalizing global production to avoid tariffs
The move is part of the automaker’s strategy to rapidly boost profitability and adapt to a rapidly changing tariff-fueled business environment.
By Larry Avila • July 23, 2025 -
US, Japan reach deal on tariffs, market access
If finalized, the agreement would place a 15% duty on imports from Japan, including for cars and auto parts.
By Philip Neuffer • Updated July 24, 2025 -
GM reports $1.1B profit loss in Q2
The automaker will turn to cost-cutting to mitigate the impact of higher import duties.
By David Kiley | WardsAuto • July 22, 2025 -
Nissan ending production at Japan plant
The automaker is working to return to profitability by FY2026, which includes reducing its global production footprint from 17 to 10 plants.
By Larry Avila • July 21, 2025 -
Nissan executive named CTO at grocery giant Ahold Delhaize
Jan Brecht previously served in leadership stints at Mercedes-Benz and Adidas.
By Roberto Torres • July 21, 2025 -
Stellantis names new North American dealer strategy leader
Jason Stoicevich returns to the automaker after departing a year ago and his return continues a wave of executive changes at the company.
By Larry Avila • July 18, 2025 -
Ford recalls 694K Bronco Sport, Escape SUVs for cracked fuel injectors
The issue can result in a gas leak on models equipped with 1.5L engines, which can lead to an underhood fire.
By Eric Walz • July 18, 2025 -
GM’s Ultium Cells battery plant in Tennessee to add production of low-cost LFP cells
The automaker is targeting significant cost savings for EVs compared to its current high-nickel battery chemistries.
By Eric Walz • July 16, 2025 -
Volvo Cars takes $1.2B impairment charge
Ahead of reporting its Q2 earnings, the automaker cited U.S. tariffs and EV delays for the setback.
By Larry Avila • July 15, 2025 -
Mercedes-Benz Vans names North American sales leader
Jee-Seop Kim will take over Sept. 1 for Heike Scheuble, who is retiring after four decades with the automaker.
By Larry Avila • July 15, 2025 -
Tesla CFO offloads another $1.7M in stock
After a 14% decline in vehicle deliveries in Q2, the electric automaker is facing rising pressure from its shareholders.
By Grace Noto • July 15, 2025 -
Nissan names VP of US sales and regional operations
Arcangelo Lofaro, a 20-year veteran of the company, began his new role on July 1.
By Larry Avila • July 14, 2025 -
Ford recalls 850K vehicles for defective fuel pumps
The automaker has issued 89 recalls this year, which potentially extend to over 5.2 million vehicles.
By Eric Walz • July 14, 2025 -
US plans 30% tariffs on EU, Mexico
President Donald Trump unveiled the new duty rates, set to begin Aug. 1, in separate letters shared on social media Saturday morning.
By Max Garland , Philip Neuffer • July 12, 2025 -
US plans 35% tariffs on Canada imports
President Donald Trump said the duties will take effect Aug. 1 while decrying the country’s retaliatory levies to U.S. tariffs.
By Philip Neuffer • July 11, 2025