Honda reported a 76% drop in fourth-quarter operating profit, missing analyst expectations as the company braces for the financial impact.

Honda profits plunges 76% as U.S. tariffs pressures mount

CBT News Editorial Team - May 13, 2025

Honda has reported a 76% drop in fourth-quarter operating profit, missing analyst expectations as the company braces for the financial impact of U.S. auto tariffs. The Japanese automaker also downgraded...

Headlines Articles

Auto credit access tightened in April as lenders reduced subprime loans but offered lower rates and longer terms to manage risk.

Auto credit tightens slightly in April

CBT News Editorial Team - May 13, 2025

Auto credit access declined slightly in April 2025, according to the latest Dealertrack Credit Availability Index. The All-Loans Index dipped to 95.7 from 96.3 in March, marking a 0.7% month-over-month...

Articles Headlines

The United States and China agreed to a rollback of the tariffs that had fueled fears of a global trade war and battered economic confidence.

U.S. and China slash tariffs in surprise trade truce

CBT News Editorial Team - May 12, 2025

In a move few expected, the United States and China agreed on Monday to a sweeping rollback of the tariffs that had fueled fears of a global trade war and...

Headlines Articles

Stellantis nears decision on new CEO amid mounting pressure

Jasmine Kiniklis - May 12, 2025

Stellantis is nearing a final decision in its months-long search for a new CEO. Antonio Filosa, the current COO for North America, has emerged as the top contender, according to...

Articles Headlines

According to Japan's NHK, they reported that Nissan will cut over 10,000 additional jobs globally, as it battles financial losses.

Nissan to cut 10,000 jobs globally amid projected record losses

Jaelyn Campbell - May 12, 2025

According to Japan's public broadcaster NHK, they reported on Monday that Nissan Motor will cut over 10,000 additional jobs globally, bringing total layoffs to around 20,000—about 15% of its workforce—as...

Headlines EVs & Technology

Audi anticipates clarity on U.S. tariffs as trade talks progress

Jasmine Kiniklis - May 12, 2025

Audi CEO Gernot Döllner anticipates more bearable tariff regulations in the coming months as ongoing talks between Brussels and Washington continue. He expects the conversations to yield clarity, dispelling some...

Articles Headlines

On Thursday, President Donald Trump and British Prime Minister Keir Starmer announced a limited bilateral trade agreement.

Trump, Starmer strike potential U.S.-UK trade deal with cuts to car, steel tariffs

CBT News Editorial Team - May 9, 2025

On Thursday, President Donald Trump and British Prime Minister Keir Starmer announced a limited bilateral trade agreement that cuts U.S. tariffs on British cars and steel, expands agricultural market access...

Headlines Articles

California and 16 states sue Trump admin over halted $5B EV charger funding, citing threats to jobs, innovation, and clean energy goals.

California leads legal battle against Trump’s EV charger infrastructure rollback

Jasmine Kiniklis - May 9, 2025

California, joined by 16 other Democratic-led states, has filed a lawsuit against the Trump administration for halting billions of dollars in federal funding to expand America's EV fast-charger infrastructure. The...

Articles EVs & Technology

Toyota expects its annual operating profits to fall by 20% as a weaker U.S. dollar and new trade tariffs under President Trump.

Toyota warns profits will drop about 20% as tariffs, weak dollar squeeze margins

Jaelyn Campbell - May 9, 2025

Toyota expects its annual operating profits to fall by 20% as a weaker U.S. dollar and new trade tariffs under President Trump weigh heavily on earnings, the company announced Thursday. The...

Headlines Articles

Mitsubishi eyes U.S. production with Nissan to offset tariffs and falling sales, marking a potential return to local manufacturing.

Mitsubishi considers U.S. factory return amid tariff impact and sales decline

CBT News Editorial Team - May 9, 2025

Mitsubishi Motors is considering a return to U.S. vehicle production through a joint investment with Nissan at one of its American assembly plants. The move comes as the automaker braces...

Articles Headlines

Headlines

Honda profits plunges 76% as U.S. tariffs pressures mount

Auto credit tightens slightly in April

U.S. and China slash tariffs in surprise trade truce

Stellantis nears decision on new CEO amid mounting pressure

Nissan to cut 10,000 jobs globally amid projected record losses

Audi anticipates clarity on U.S. tariffs as trade talks progress

Trump, Starmer strike potential U.S.-UK trade deal with cuts to car, steel tariffs

California leads legal battle against Trump’s EV charger infrastructure rollback

Toyota warns profits will drop about 20% as tariffs, weak dollar squeeze margins

Mitsubishi considers U.S. factory return amid tariff impact and sales decline

Latest Articles

Car Pros Automotive Group joins Amazon Autos with five southern California dealerships

Novelis restarts Oswego plant, easing auto aluminum shortages

REPAIR Act advances, GM explores sodium-ion batteries, Ford funds technician training initiative

Stellantis’ China gamble could reshape America’s auto industry forever

Auto insurers struggle to maintain seamless interactions across channels, JD Power finds

House committee advances amended REPAIR Act as part of vehicle modernization package

GM bets on sodium-ion batteries to power next-gen energy storage

Ford, Bloomberg Philanthropies invest $5M to train next-gen auto technicians

New-vehicle prices slip in May, posting smallest gain of 2026

How AI can uncover hidden revenue in your dealership