The Latest
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Manufacturing reenters growth mode in January as demand, production improve: PMI
The news signifies a return to growth after more than two years. However, manufacturers are bracing for possible fallout from the Trump administration’s recent tariff proposals.
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Sheetz to add EV ‘Rechargeries’ at more than 50 stores
The first three sites with Ionna charging ports opened last month in Pennsylvania and Ohio.
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Lucid names CFO
Taoufiq Boussaid will take over on Feb. 25 for Gagan Dhingra, who has held the interim post since December 2023.
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China responds to Trump with added tariffs on certain products
The new duties are set to take effect Feb. 10 and cover some car, equipment and energy imports.
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Lucid Gravity gains Tesla Supercharger access with native NACS port
The new luxury-electric SUV can now charge at over 20,000 Tesla Supercharger locations without the need for an adapter.
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US and Canada agree to 30-day pause on tariffs
The two countries will push back a Feb. 4 enforcement date as they coordinate anti-drug trafficking efforts at their shared border.
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US delays tariffs on Mexico to March
The two countries agreed to negotiate over the next month while collaborating on addressing drug and weapons trafficking.
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Trump issues tariffs on Canada, Mexico and China
The president ordered an additional 10% duty on goods from China and 25% tariffs on imports from Canada and Mexico, though Canadian energy resources will face a lower rate.
Updated Feb. 1, 2025 -
Policy shifts shake up automotive landscape in 2025
Tariffs and potential updates to emission rules are driving automakers to rethink production strategies.
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Retrieved from CPAC on February 02, 2025
Canada strikes back with 25% tariffs on select US goods
The tariffs will target $155 billion worth of goods, such as orange juice, beer and motorcycles, with some duties starting Feb. 4.
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Sales growth in the forecast for EVs, hybrids
The potential loss of government incentives on battery electric vehicles may slow sales momentum later this year, experts say.
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Nissan offers buyouts as US production scales back
The automaker plans to cut shifts at its Smyrna, Tennessee and Canton, Missouri plants.
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5 questions about Trump’s tariff plans
Here’s what importers need to know ahead of the potential implementation of tariffs this week.
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Nearly half of managers predict layoffs in 2025
Companies may also consider cutting costs by reducing salaries, benefits, bonuses and office space.
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Tesla’s Q4 automotive revenue declines 8% YoY
Company executives said Tesla made significant investments to spur its next wave of growth, including vehicle manufacturing capabilities and AI training.
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Zeldin is confirmed to lead EPA. What’s next?
The former New York representative will helm the agency as it prepares for potential regulatory changes that may impact climate programs and EV sales.
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Consumer car buying satisfaction reaches record high in 2024
Better digital tools, integration of online and in-person shopping and transparent pricing drove higher satisfaction marks, according to Cox Automotive.
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NHTSA launches safety probe of Ford’s BlueCruise
Last year, the agency received notice of two fatal collisions involving Mustang Mach-E vehicles while the system was engaged.
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GM expects to save $1B by shutting down Cruise robotaxi
The automaker anticipates its Super Cruise hands-free driving feature will drive EV interest.
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Mitsubishi weighs decision to be part of Honda, Nissan merger
As talks between the automakers continue, analysts say a combination makes sense but may face hurdles, including short-term financial hardship.
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Sean Duffy confirmed as Transportation Secretary
The former congressman will now lead agencies responsible for regulating vehicle safety and funding infrastructure projects.
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Hyundai’s revenue jumped 11.9% in 2024
The automaker noted that its Q4 profit declined by 17.2% due to higher warranty costs and bigger incentives to boost sales.
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Toyota Motor North America COO retires
Mark Templin succeeds Jack Hollis who retired from the role after 33 years with the company.
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Georgia Rivian plant to resume construction
After a pause due to high costs, the electric vehicle manufacturer anticipates work on the project near Atlanta to begin in 2026.
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NHTSA opens probe of over 877K GM vehicles for engine failures
Owners of the vehicles complained of connecting rod bearing wear, which has led to catastrophic engine damage without any prior symptoms.