Volkswagen Group has reported its second-quarter monetary outcomes, and it’s not excellent news. Working earnings from April to June had been down a whopping 29.4 %, with the automaker going through elevated stress from the US’s new tariffs. They’ve value the corporate €1.3 billion ($1.5 billion at right this moment’s trade price) by means of
Stellantis, father or mother firm for trade giants like Jeep, Dodge, and Ram, made the daring transfer to droop its full-year monetary steerage again in April, citing uncertainties concerning tariffs. On Monday, the corporate revealed some preliminary estimates for the primary half of 2025, now that the tariffs have begun to take impact. And the
When President Trump unveiled his tariff plans on automobiles and automobile components in April, he stated, “you’re going to see costs go down.” Sadly, the truth is completely different. A brand new research from Automobiles.com on seller stock within the first half of 2025 signifies that the provision of recent automobiles below $30,000 is slowing down.
Regardless of the failure of a merger between Nissan and Honda earlier this 12 months, they’ve stored the strains of communication open. The 2 proceed to collaborate on electrical automobiles as Nissan faces an unsure future, however the pair may need to enter a full-blown situationship on account of Donald Trump’s tariffs. A brand new
Not lengthy after the Trump administration levied excessive tariffs on auto imports, the USA and the UK have introduced their intent to return to a commerce settlement that may scale back automotive tariffs from 27.5% to 10%. If finalized, this would be the first settlement of its form with one other nation, and it’ll see
Stellantis is already wounded. The conglomerate watched as gross sales and income nosedived by 2024, finally resulting in the abrupt resignation of its former CEO, Carlos Tavares. This was presupposed to be a 12 months of rebuilding for the corporate, however with Trump’s steep tariffs now in impact and no indication of stopping, issues at
The Trump Administration lately introduced a 10-percent baseline tariff on all items imported into the US, together with automobiles. Some international locations will face even larger prices, with items from China topic to 34-percent tariffs, and items from the European Union topic to 20-percent tariffs. With that, we’ve reached out to automakers to see how