Porsche eyes deeper cost cuts amid China slowdown, tariffs
Porsche AG plans to pursue additional cost-cutting measures in response to falling sales in China and rising U.S. tariffs. CEO Oliver Blume told employees in a memo, which was reviewed...
TSLA400.62011.72%
GM81.3203.27%
F12.8700.43%
RIVN17.2300.34%
CYD43.2600.9381%
HMC25.0000.64%
TM217.2004.34%
CVNA387.50025.26%
PAG161.3205.3%
LAD283.0408.17%
AN207.9909.7%
GPI349.94014.46%
ABG211.4407.35%
SAH70.7003.33%
TSLA400.62011.72%
GM81.3203.27%
F12.8700.43%
RIVN17.2300.34%
CYD43.2600.9381%
HMC25.0000.64%
TM217.2004.34%
CVNA387.50025.26%
PAG161.3205.3%
LAD283.0408.17%
AN207.9909.7%
GPI349.94014.46%
ABG211.4407.35%
SAH70.7003.33%
TSLA400.62011.72%
GM81.3203.27%
F12.8700.43%
RIVN17.2300.34%
CYD43.2600.9381%
HMC25.0000.64%
TM217.2004.34%
CVNA387.50025.26%
PAG161.3205.3%
LAD283.0408.17%
AN207.9909.7%
GPI349.94014.46%
ABG211.4407.35%
SAH70.7003.33%
auto tariffs
Volvo takes $1.2B charge due to tariffs and model delays
Volvo Cars announced a one-time non-cash impairment charge of $1.2 billion in the second quarter of 2025 due to launch delays and rising tariffs impacting two of its electric models:...
Trump announces 30% tariffs on EU, Mexico
President Donald Trump announced on Saturday that the United States will impose a 30% tariff on the European Union and Mexico starting Aug. 1. He revealed the new rates in...
Trump extends tariff pause, plans new import hikes Aug. 1
President Donald Trump has extended the pause on his “Liberation Day” tariffs until Aug. 1, delaying clarity for automakers and suppliers awaiting long-term U.S. trade policy updates. Starting next month,...
USMCA rules boost U.S. parts, raise prices, and slow vehicle output
The U.S. International Trade Commission (USITC) released its second report analyzing the economic impact of the United States-Mexico-Canada Agreement (USMCA) automotive rules of origin. The study found that while the...
JLR’s quarterly sales plunge 11%
Jaguar Land Rover (JLR) reported a 10.7% drop in first-quarter sales, according to its parent company, Tata Motors. The British luxury carmaker has experienced steep sales declines in the U.S.,...
Audi holds US prices steady despite declining sales and tariff pressures
Audi is holding off on price increases in the U.S. despite a sharp 19% drop in Q2 vehicle sales, marking its sixth consecutive quarterly decline. The company attributed the downturn...
Tariffs vs free trade: Which is BETTER for American auto?
This has been an interesting debate, tariffs or free trade, President Donald Trump is turning up the heat on the auto industry, signaling that even higher tariffs on imported vehicles...
Mercedes-Benz expects limited Q2 tariff impact, brokerage Bernstein says
Mercedes-Benz expects less than a 3% impact on Q2 profit margins at its core car divisions due to tariffs. The slight de-escalation of trade tensions between the U.S. and China,...
U.S. car exports to China plummeted in May
U.S. vehicle exports to China declined dramatically in May as U.S.-China trade relations remain fragile. The volatile relationship between the world's two largest economies has prompted automakers to reduce shipments...
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