Tag: Tariffs
Toyota warns profits will drop about 20% as tariffs, weak dollar...
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...
Mitsubishi considers U.S. factory return amid tariff impact and sales decline
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...
Dealer roundtable: Navigating tariffs, EVs, AI, and the path ahead
In today's episode of Inside Automotive, host Jim Fitzpatrick welcomes four seasoned retail leaders: Chris Saraceno, VP and partner of Kelly Auto Group; John...
Fed holds rates steady as auto market braces for volatility
The Federal Reserve left interest rates unchanged Wednesday after its third meeting of 2025. This marks the third consecutive month the Fed has held...
Wholesale used-vehicle prices surge in April
Wholesale used-vehicle prices jumped in April, fueled by stronger-than-usual seasonal demand and growing concerns over new tariffs. According to the latest Manheim Used Vehicle...
Volvo to cut 125 jobs at U.S. plant amid trade pressures...
Volvo Cars said it will cut approximately 125 jobs, or 5% of the workforce, at its Charleston, South Carolina factory as the company adjusts...
GM cuts shifts in Ontario plant, impacting 700 jobs due to...
General Motors (GM) will eliminate one of three shifts at its Oshawa, Ontario, plant, cutting roughly 700 jobs as the automaker adjusts its North...
Jaguar Land Rover resumes U.S. shipments after tariff-related halt
Jaguar Land Rover (JLR)has resumed shipping vehicles to the United States after a nearly month-long suspension triggered by President Donald Trump’s 25% tariff on...
Lead with clarity, not fear amid tariff uncertainty – Peter Cooper...
In today's episode of Inside Automotive, Peter Cooper, president and CEO of Lexus of Lehigh Valley shares his thoughts on the potential impact of...
Ford sees 16% surge in auto sales amid robust pickup truck...
On May 1, Ford reported a 16% increase in U.S. auto sales for April, driven by strong demand for pickup trucks and aggressive discounting...