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Japanese Automakers Send Mixed Messages Folllowing Trump Trade Deal
Following the news of reduced tariffs on Japanese car imports as part of President Donald Trump’s new trade deal with Japan, ...
Trump’s tariffs hit US companies hard, but businesses absorb them for now
The Trump administration’s tariffs are hitting companies that do business in the United States. But prices haven’t reflected ...
Nikkei Asia4d
Japan-US trade deal could lessen impact on Japanese automakers by $11bn
TOKYO -- The new Japan-U.S. trade deal reduces the tariff burden on Japan's seven big automakers by an estimated 1.6 trillion yen ($10.9 billion), but the 15% duties they now face -- while down from ...
KTVQ4d
Tariff costs are starting to bite US automakers and their customers
General Motors reported a more than $1 billion drop in its second quarter profits compared to a year ago. The company says ...
Stellantis warns of $2.7 billion loss for 1st half of 2025 due to tariffs and some big charges
Stellantis, the maker of Jeep and Ram vehicles, says its preliminary estimates show a $2.68 billion net loss in the first ...
Local economic expert explains tariff impacts on the auto industry
The impact is particularly severe on vehicles with a high proportion of imported components, including those assembled in the ...
GM profit hurt by over $1B in tariffs — and shares tumble as impact expected to worsen
GM CEO Mary Barra hasn’t ruled out raising car prices, however, and has said the company will stay competitive.
KTBS 36d
US tariffs, laws push Jeep owner Stellantis into 2.3-bn-euro first-half net loss
Jeep owner Stellantis said on Monday it suffered a massive loss in the first half of the year, when it felt the first impact ...
Hyundai Beats Q2 Forecasts Thanks to Strong U.S. Sales and Hybrid Demand
The Tucson, Sante Fe, and Elantra all performed strongly for the brand. Previously, we reported on strong first-half sales ...
Automakers say tariffs are costing them billions and warn of steeper losses ahead
Two automakers with manufacturing operations in Canada, General Motors Co. and Stellantis NV, reported this week that tariffs ...