TSLA364.270-1.93%
GM82.200-4.42%
F13.210-0.4%
RIVN14.990-0.41%
CYD35.4000.88%
HMC32.200-0.33%
TM191.530-2.38%
CVNA65.120-0.72%
PAG212.610-2.14%
LAD316.270-5.41%
AN168.290-6.59%
GPI246.420-8.53%
ABG183.060-4.85%
SAH63.660-2.29%
TSLA364.270-1.93%
GM82.200-4.42%
F13.210-0.4%
RIVN14.990-0.41%
CYD35.4000.88%
HMC32.200-0.33%
TM191.530-2.38%
CVNA65.120-0.72%
PAG212.610-2.14%
LAD316.270-5.41%
AN168.290-6.59%
GPI246.420-8.53%
ABG183.060-4.85%
SAH63.660-2.29%
TSLA364.270-1.93%
GM82.200-4.42%
F13.210-0.4%
RIVN14.990-0.41%
CYD35.4000.88%
HMC32.200-0.33%
TM191.530-2.38%
CVNA65.120-0.72%
PAG212.610-2.14%
LAD316.270-5.41%
AN168.290-6.59%
GPI246.420-8.53%
ABG183.060-4.85%
SAH63.660-2.29%

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Weekly Roundup: Trump doubles steel tariffs, Tesla faces $25K EV concerns, Auto sales slow in May

- June 6, 2025
Earlier this week: Trump doubled steel tariffs to 50%. Tesla execs raise red flags after Musk denied $25K EV cancellation, Reuters reports. U.S. auto sales slow in May as tariff...

Musk slams tax bill, Ford recalls 550K vehicles, BMW expands U.S. EV production

- June 5, 2025
Top Stories Musk battles Trump over $2.4T tax bill. Read More Ford issues recalls for over 550,000 vehicles due to airbag and structural defects. Read More BMW to build electric iX5 and iX7...
Elon Musk is actively working to derail President Trump’s tax bill after failing to convince Republican lawmakers to preserve EV subsidies

Musk battles Trump over $2.4T tax bill, fights to save EV credit

- June 5, 2025
Elon Musk is actively working to derail President Donald Trump’s $2.4 trillion tax bill after failing to convince Republican lawmakers to preserve key electric vehicle subsidies. The Tesla CEO personally...
BMW is moving forward with plans to build fully electric versions of its X5 and X7 SUVs at its Spartanburg assembly plant.

BMW to build electric iX5 and iX7 in U.S. despite tariff shifts

- June 5, 2025
German luxury automaker BMW is moving forward with plans to build fully electric versions of its iX5 and iX7 SUVs at its Spartanburg assembly plant in South Carolina, despite recent...
Lucid

Lucid secures U.S. graphite deal to bolster domestic battery supply chain

- June 5, 2025
Lucid Group has finalized a multi-year supply agreement with Graphite One Inc. to secure domestically sourced natural graphite for its future electric vehicle batteries. The deal marks Lucid’s third U.S.-based...
NEVI

Spending power dispute erupts over Trump’s halt of NEVI EV grants

- June 4, 2025
The White House rejected a Government Accountability Office (GAO) conclusion that the Trump administration illegally delayed $5 billion in EV infrastructure grants. On Tuesday, the Office of Management and Budget...
According to the International Energy Agency’s (IEA) latest Global EV Outlook, sales of EVs are accelerating globally, despite trade pressures

EV sales climb to record high as global prices drop and adoption expands 

- June 4, 2025
According to the International Energy Agency’s latest Global EV Outlook, sales of electric vehicles (EVs) are accelerating globally, despite trade pressures and market disruptions, including U.S. tariffs.  In 2024, more than...
Retail momentum in the auto market slowed in May, with several automakers still reporting gains despite a cooldown from tariff-driven sales

U.S. auto sales slow in May as tariff pressures and inventory challenges mount

- June 4, 2025
Retail momentum in the U.S. auto market slowed in May, with several automakers still reporting gains despite a cooldown from the tariff-driven sales rush seen in March and April. New...
Volkswagen

Volkswagen reaches deal for 20,000 voluntary job cuts across German sites

- June 4, 2025
Volkswagen (VW) has secured agreements for approximately 20,000 employees to voluntarily leave the company by 2030, a major milestone in its sweeping plan to restructure German operations. The move is...
Nissan CEO Ivan Espinosa said the automaker is undergoing a major overhaul to address deep-rooted structural issues.

Nissan CEO vows to fix automaker as sales slide and tariff pressure mounts

- June 4, 2025
Nissan CEO Ivan Espinosa said the automaker is undergoing a major overhaul to address deep-rooted structural issues and stabilize its deteriorating performance. Speaking Wednesday on CNBC’s Squawk Box Europe, Espinosa...
CBT News
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