Ferrari has announced price increases of up to 10% on specific models in response to new U.S. import tariffs set to take effect on April 2. The Italian luxury automaker...
With tariffs and economic uncertainty weighing on the automotive industry, dealers are navigating a fast-changing landscape. Tom Maoli, president and CEO of Celebrity Motor Car, joins us on the latest...
Updated 3/27/25 at 08:25 am
President Donald Trump announced a 25% tariff on imported cars and light trucks starting April 2, escalating global trade tensions and drawing sharp criticism from U.S....
The auto industry is bracing for possible disruptions as S&P Global Mobility warns that the ongoing global tariff war now has a 50% chance of causing an extended period of...
President Donald Trump met with General Motors (GM) CEO Mary Barra on March 12 to discuss the automaker’s investment plans as the president’s administration pushes for more U.S.-based production. Trump,...
BMW anticipates a slight sales growth in 2025 but warns that earnings will remain flat due to ongoing economic challenges in China and rising tariff costs. The German automaker, which...
President Trump has announced a temporary suspension of new tariffs on Canadian and Mexican goods covered under the U.S.-Mexico-Canada Agreement (USMCA). The pause, effective until April 2, affects about 50% of Mexican...
At midnight, President Donald Trump implemented broad new tariffs, imposing a 25% duty on imports from Canada and Mexico and doubling tariffs on Chinese goods to 20%. The move sparked...
As the automotive industry grapples with evolving regulations, direct sales concerns, and potential tariffs, the Greater New York Automobile Dealers Association (GNYADA) is working to protect franchise dealers and streamline...
During the latest round of tariffs on U.S. imports, China's took effect on Monday, imposing an additional 10% duty on vehicles with engines larger than 2.5 liters. This brings the...