Automakers Porsche, Mercedes-Benz Group, and Aston Martin are collectively absorbing an $889 million hit as a direct result of U.S. tariffs

Luxury automakers face $889M hit from U.S. tariffs

Jaelyn Campbell - July 30, 2025

Luxury automakers Porsche, Mercedes-Benz Group, and Aston Martin are collectively absorbing an $889 million financial blow as a direct result of U.S. tariffs under President Donald Trump’s trade policies. In...

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GM reveals a first look at the redesigned 2027 Chevy Bolt, reviving the popular EV amid ongoing consumer demand and electrification plans. Ask ChatGPT

GM revives the Chevrolet Bolt with 2027 redesign

Jasmine Kiniklis - July 30, 2025

General Motors (GM) posted an official sneak preview of the redesigned 2027 Chevrolet Bolt on Tuesday. The vehicle is back by popular demand, GM says, and it's been completely refreshed...

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Clean Cars For All, Lauren Fix, Car Coach Reports

“Clean cars for all” is the new “cash for clunkers” — and it’s just as destructive

Lauren Fix - July 30, 2025

There is nothing “clean” about killing America’s car culture. The war on gas-powered cars is heating up again — and it’s being waged through programs that sound helpful on paper but...

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Asbury Automotive Group reported a dramatic rebound in second-quarter net income, rising 444% to $152.8 million compared to last year.

Asbury Q2 net income surges 444% as dealership sales and service profits grow

Jaelyn Campbell - July 29, 2025

Asbury Automotive Group reported a dramatic rebound in second-quarter net income, rising 444% to $152.8 million compared to the same period last year, when the company faced an 86% drop...

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Lithia & Driveway posts record $9.6B Q2 revenue, earnings surge

Jasmine Kiniklis - July 29, 2025

Lithia & Driveway (LAD) reported on Tuesday a record second-quarter revenue of $9.6 billion, 4% year-over-year increase, marking the highest in the company's history. Total gross profits increased 4.3% over...

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A recent study by AutoPacific revealed a massive shift in consumer attitudes toward hands-free driving technology.

Study finds hands-free driving surges to top of new car shoppers’ wish lists

Jaelyn Campbell - July 29, 2025

A recent study by AutoPacific revealed a massive shift in consumer attitudes toward self-driving technology. Among nearly 18,000 respondents, hands-free, semi-autonomous highway driving has emerged as the most desired feature,...

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Subaru selects HPE to accelerate AI development for next-generation EyeSight driver assist system

CBT News Editorial Team - July 29, 2025

Tokyo, Japan – July 28, 2024 – HPE (NYSE: HPE) today announced that Subaru selected HPE Cray XD670 servers to orchestrate its image recognition technology and AI. This rollout supports Subaru’s vision of increasing...

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Stellantis reports $2.5B loss amid weak North American performance

Colin Fitzpatrick - July 29, 2025

Stellantis reported a net loss of €2.3 billion in the first half of 2025, a sharp decline from a €5.6 billion profit in the same period last year. Revenues fell...

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Ford secures $3B loan to strengthen liquidity amid tariffs, recession fears

Jasmine Kiniklis - July 29, 2025

Ford Motor Co. secured a $3 billion term loan credit agreement. The loan is divided among multiple lenders and will be administered through JP Morgan Chase. Ford says that the...

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Cox Automotive projects that July’s U.S. new vehicle sales will hold steady at a SAAR of 15.6 million, marking an increase from June.

U.S. auto sales remain flat in July as tariff pressures and high prices persist

Ashby Lincoln - July 29, 2025

Cox Automotive projects that July’s U.S. new-vehicle sales will hold steady at a seasonally adjusted annual rate (SAAR) of 15.6 million. This marks a slight increase from June’s 15.3 million...

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Articles

Luxury automakers face $889M hit from U.S. tariffs

GM revives the Chevrolet Bolt with 2027 redesign

“Clean cars for all” is the new “cash for clunkers” — and it’s just as destructive

Asbury Q2 net income surges 444% as dealership sales and service profits grow

Lithia & Driveway posts record $9.6B Q2 revenue, earnings surge

Study finds hands-free driving surges to top of new car shoppers’ wish lists

Subaru selects HPE to accelerate AI development for next-generation EyeSight driver assist system

Stellantis reports $2.5B loss amid weak North American performance

Ford secures $3B loan to strengthen liquidity amid tariffs, recession fears

U.S. auto sales remain flat in July as tariff pressures and high prices persist

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