General Motors announces a significant reduction in production of its BrightDrop electric delivery vans, impacting 500 jobs and leading to a 20-week idling of the CAMI assembly plant in Canada. This decision reflects a shift in market demand as the automaker struggles to meet revenue expectations for the new subsidiary.
In response to President Trump's 25% tariffs on imported vehicles, South Korea announces a robust support plan for its auto industry, including financial aid and tax cuts to boost demand.
As new tariffs loom, U.S. consumers are hurrying to purchase high-ticket items like laptops and cars to avoid rising costs. Experts warn of economic implications.
Ford is launching its 'From America, For America' campaign, offering employee pricing and free EV chargers. Discover how you can save big on new vehicles and take advantage of these limited-time offers!
Tesla investors brace for more pain as Wells Fargo predicts a staggering 53% drop in stock value. With disappointing vehicle deliveries and earnings set to decline, the future looks bleak for the electric vehicle giant.
Tesla's sales have hit a three-year low, with a 13% drop in deliveries. The backlash against Elon Musk's political involvement and competition from BYD are major factors. Tesla faces intense scrutiny as shares tumble.
Car sales in the U.S. surged by 13.6% in March, with electric vehicles leading the charge. Automakers like GM and Ford reported significant gains, but looming tariffs could impact future sales.
In a surprising twist of March madness, car buyers rushed to dealerships to secure deals before impending auto tariffs. Major manufacturers like Hyundai and Ford reported significant sales increases amidst tariff fears, particularly in electric and hybrid vehicles.
Hyundai's groundbreaking three-row electric SUV, the IONIQ 9, is now in production at the new Metaplant America in Georgia, set to revolutionize the automotive industry with advanced manufacturing techniques and significant job creation.
With President Trump's 25% tariffs on imported vehicles set to take effect, auto dealerships brace for a surge in customers looking to avoid skyrocketing prices. Experts warn that costs for new and used cars could rise by thousands, pushing consumers to make hasty decisions.
