Automakers: Page 6
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Volvo weighs increasing US production, domestic sourcing to offset tariffs
CEO Jim Rowan said the automaker can quickly ramp up capacity at its South Carolina plant.
By Larry Avila • Feb. 27, 2025 -
Canada and Mexico tariffs will take effect March 4, Trump confirms
The president will also impose an additional 10% import tax on China next week and hinted at plans to soon levy 25% duties on the European Union.
By Philip Neuffer • Feb. 27, 2025 -
Lucid CEO resigns, company seeking permanent successor
COO Marc Winterhoff will lead the EV maker on an interim basis in place of Peter Rawlinson.
By Larry Avila • Feb. 26, 2025 -
Ford recalls 240K SUVs for loose seat belt bolts
The automaker said dealerships will replace any defective parts and provide repairs free of charge.
By Eric Walz • Feb. 26, 2025 -
Nissan focused on finding new partnerships
With a merger with Honda off the table, the automaker is exploring options to develop new vehicles faster while also reducing costs.
By Larry Avila • Feb. 25, 2025 -
Rivian reports record-high gross profit of $170M in Q4
The company cited improvements in variable costs, higher revenue per vehicle and a reduction in fixed costs.
By Eric Walz • Feb. 25, 2025 -
Honda exec says US tariffs could cause over a 20B yen impact
The automaker is considering shifting some vehicle production from Mexico and Canada into the U.S. to avoid costly import duties.
By Eric Walz • Updated March 3, 2025 -
A look at 2025: Where 5 major auto manufacturing projects stand
Slower EV adoption and a new Trump administration have automakers seeking greater flexibility for some of their major U.S. investments.
By Megan Ruggles • Feb. 21, 2025 -
Isuzu to establish $280M commercial EV South Carolina plant
The automaker’s investment will convert the Piedmont facility to manufacture gas and battery-powered N-series and diesel-powered F-series trucks.
By Sara Samora • Feb. 21, 2025 -
GM confident it can mitigate tariffs
CFO Paul Jacobson believes the automaker’s experience dealing with past crises, including the pandemic, will help it find solutions.
By Larry Avila • Feb. 20, 2025 -
Honda posts positive US sales growth in Q3, but global declines impact profit
Across all of its business units, Honda reported that its revenue declined by 3.1% year over year in the first nine months of the fiscal year ending in March.
By Eric Walz • Feb. 19, 2025 -
Nissan weighing production shift to mitigate tariffs
The automaker may move some production to Japan to reduce the impact of a 25% blanket import duty, according to CEO Makoto Uchida.
By Larry Avila • Feb. 19, 2025 -
Samsung SDI recalls high-voltage batteries installed in 180K vehicles
The batteries were installed in plug-in hybrid vehicles from FCA US, Ford Motor Co. and Audi.
By Eric Walz • Feb. 18, 2025 -
Trump says auto tariffs are coming April 2
The president suggested a 25% duty on those imports, fueling uncertainty for automakers already bracing for steel, aluminum and country-specific tariffs.
By Kelly Stroh • Updated Feb. 19, 2025 -
Fleet customers can now purchase Rivian’s electric vans
The company previously sold most of its electric vans to Amazon, its first large-scale customer.
By Eric Walz • Feb. 18, 2025 -
Trump orders reciprocal tariffs on all countries
“In other words, they charge us a tax or tariff, and we charge them the exact same tax,” the president said Thursday.
By Philip Neuffer • Updated Feb. 13, 2025 -
Honda, Nissan officially end merger talks
The two automakers said they would continue a strategic partnership focused on "the era of intelligence and electrified vehicles."
By Edwin Lopez , Larry Avila , Eric Walz • Feb. 13, 2025 -
Tariffs on Canada, Mexico would devastate US auto industry: Ford CEO
Increased duties on imports from the two countries could give Asia-based automakers a competitive advantage, according to CEO Jim Farley.
By Larry Avila • Feb. 12, 2025 -
Tariffs on steel, aluminum likely mean higher costs for auto industry
A 25% import duty could increase the price of a typical vehicle by $1,500, an expert said.
By Larry Avila • Feb. 12, 2025 -
Ford taps finance VP as new CFO
Sherry House will move into the CFO role as planned after joining the automaker in June, when she inked a $4.5 million signing bonus as part of her compensation package.
By Grace Noto • Feb. 12, 2025 -
Stellantis to launch AI-powered in-car assistant
The automaker also aims to deploy technology developed by France-based startup Mistral AI across vehicle engineering, fleet data analysis, sales and manufacturing.
By Eric Walz • Feb. 12, 2025 -
Jack Cooper shutting down after losing automaker contracts
Ford Motor Co. and General Motors ended agreements with the vehicle carrier, according to a spokesperson for the hauler.
By David Taube • Feb. 11, 2025 -
Ionna moves forward with EV charging network
The automaker-led joint venture remains committed to rolling out public charging infrastructure, despite the suspension of government funding.
By Larry Avila • Feb. 11, 2025 -
Trump tags steel, aluminum imports with 25% tariffs
The new duties build on actions from the president's first term while axing exemptions and product exclusions.
By Philip Neuffer • Updated Feb. 11, 2025 -
Toyota’s expanded $14B North Carolina EV battery plant ready to roll
The batteries produced at the facility will be used in hybrids, plug-in hybrids and fully electric vehicles built in North America.
By Larry Avila • Feb. 10, 2025