Automakers: Page 9
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Kia reveals details of EV4, PV5 and EV2 concept at its ‘2025 EV Day’ event
The automaker is aggressively pursuing its global electrification plans, despite slower than anticipated EV adoption and uncertainties in the U.S. market due to tariffs.
By Eric Walz • March 5, 2025 -
GM names its first-ever chief AI officer
Former Cisco and Google executive Barak Turovsky will lead efforts to accelerate the automaker’s use of the technology.
By Larry Avila • March 5, 2025 -
Tesla recalls 376K vehicles for loss of power steering assist
The circuit board for the electronic power steering may experience an overstress condition, causing a loss of assist after coming to a stop.
By Eric Walz • Feb. 28, 2025 -
Stellantis reports 70% decline in net profits in 2024
The automaker’s turnaround plan included high-profile leadership changes for its Jeep and Dodge brands in the U.S.
By Eric Walz • Feb. 27, 2025 -
Volvo weighs increasing US production, domestic sourcing to offset tariffs
CEO Jim Rowan said the automaker can quickly ramp up capacity at its South Carolina plant.
By Larry Avila • Feb. 27, 2025 -
Canada and Mexico tariffs will take effect March 4, Trump confirms
The president will also impose an additional 10% import tax on China next week and hinted at plans to soon levy 25% duties on the European Union.
By Philip Neuffer • Feb. 27, 2025 -
Lucid CEO resigns, company seeking permanent successor
COO Marc Winterhoff will lead the EV maker on an interim basis in place of Peter Rawlinson.
By Larry Avila • Feb. 26, 2025 -
Ford recalls 240K SUVs for loose seat belt bolts
The automaker said dealerships will replace any defective parts and provide repairs free of charge.
By Eric Walz • Feb. 26, 2025 -
Rivian reports record-high gross profit of $170M in Q4
The company cited improvements in variable costs, higher revenue per vehicle and a reduction in fixed costs.
By Eric Walz • Feb. 25, 2025 -
Nissan focused on finding new partnerships
With a merger with Honda off the table, the automaker is exploring options to develop new vehicles faster while also reducing costs.
By Larry Avila • Feb. 25, 2025 -
Honda exec says US tariffs could cause over a 20B yen impact
The automaker is considering shifting some vehicle production from Mexico and Canada into the U.S. to avoid costly import duties.
By Eric Walz • Updated March 3, 2025 -
A look at 2025: Where 5 major auto manufacturing projects stand
Slower EV adoption and a new Trump administration have automakers seeking greater flexibility for some of their major U.S. investments.
By Megan Ruggles • Feb. 21, 2025 -
Isuzu to establish $280M commercial EV South Carolina plant
The automaker’s investment will convert the Piedmont facility to manufacture gas and battery-powered N-series and diesel-powered F-series trucks.
By Sara Samora • Feb. 21, 2025 -
GM confident it can mitigate tariffs
CFO Paul Jacobson believes the automaker’s experience dealing with past crises, including the pandemic, will help it find solutions.
By Larry Avila • Feb. 20, 2025 -
Honda posts positive US sales growth in Q3, but global declines impact profit
Across all of its business units, Honda reported that its revenue declined by 3.1% year over year in the first nine months of the fiscal year ending in March.
By Eric Walz • Feb. 19, 2025 -
Nissan weighing production shift to mitigate tariffs
The automaker may move some production to Japan to reduce the impact of a 25% blanket import duty, according to CEO Makoto Uchida.
By Larry Avila • Feb. 19, 2025 -
Samsung SDI recalls high-voltage batteries installed in 180K vehicles
The batteries were installed in plug-in hybrid vehicles from FCA US, Ford Motor Co. and Audi.
By Eric Walz • Feb. 18, 2025 -
Trump says auto tariffs are coming April 2
The president suggested a 25% duty on those imports, fueling uncertainty for automakers already bracing for steel, aluminum and country-specific tariffs.
By Kelly Stroh • Updated Feb. 19, 2025 -
Fleet customers can now purchase Rivian’s electric vans
The company previously sold most of its electric vans to Amazon, its first large-scale customer.
By Eric Walz • Feb. 18, 2025 -
Trump orders reciprocal tariffs on all countries
“In other words, they charge us a tax or tariff, and we charge them the exact same tax,” the president said Thursday.
By Philip Neuffer • Updated Feb. 13, 2025 -
Honda, Nissan officially end merger talks
The two automakers said they would continue a strategic partnership focused on "the era of intelligence and electrified vehicles."
By Edwin Lopez , Larry Avila , Eric Walz • Feb. 13, 2025 -
Tariffs on Canada, Mexico would devastate US auto industry: Ford CEO
Increased duties on imports from the two countries could give Asia-based automakers a competitive advantage, according to CEO Jim Farley.
By Larry Avila • Feb. 12, 2025 -
Tariffs on steel, aluminum likely mean higher costs for auto industry
A 25% import duty could increase the price of a typical vehicle by $1,500, an expert said.
By Larry Avila • Feb. 12, 2025 -
Ford taps finance VP as new CFO
Sherry House will move into the CFO role as planned after joining the automaker in June, when she inked a $4.5 million signing bonus as part of her compensation package.
By Grace Noto • Feb. 12, 2025 -
Stellantis to launch AI-powered in-car assistant
The automaker also aims to deploy technology developed by France-based startup Mistral AI across vehicle engineering, fleet data analysis, sales and manufacturing.
By Eric Walz • Feb. 12, 2025