But automakers can’t absorb the cost forever and will soon begin to raise new car prices, analysts say. Go to Source
Author: New York Times Online News
California Start-Up Will Buy Assets of Bankrupt Swedish Battery Maker
Lyten will acquire German and Swedish factories built by Northvolt, which declared bankruptcy in March. Go to Source
Trump Will Slow, but May Not Stop, the Rise of Electric Vehicles
President Trump and Republicans in Congress are eliminating federal incentives to buy electric vehicles, but carmakers need to keep selling and investing in them. Go to Source
Jury Says Tesla Was Partly to Blame for Fatal Crash
Lawyers for the family of a woman struck and killed by a Tesla sedan in 2019 argued that the company’s Autopilot software should have avoided the crash. Go to Source
Mercedes and Porsche Squeezed by U.S. Tariffs and Slowdown in China
Germany’s leading luxury automakers are sharply scaling back expectations for the rest of the year. Go to Source
Ford Is Latest Carmaker to Blame Tariffs for Profit Slump
The company estimated that duties on imported cars and car parts would cost it $2 billion this year. Go to Source
Mercedes and Porsche Squeezed by U.S. Tariffs and Slowdown in China
The luxury automakers Mercedes-Benz and Porsche slashed their forecasts for earnings this year as the double whammy of President Trump’s tariffs and slowing demand in China hit the German companies hard. Mercedes said on Wednesday that revenue in 2025 would come in “significantly below” last year. The company also lowered its projection for profit margins.… Continue reading Mercedes and Porsche Squeezed by U.S. Tariffs and Slowdown in China
Volkswagen Is Hit Hard by Trump’s Tariffs
The German automaker said U.S. import duties erased about $1.5 billion from its profit in the first half of the year, and it lowered its forecasts for the full year. Go to Source
The Country Where 76% of Cars Sold Are Electric
Subsidies, hydroelectricity and a manufacturing powerhouse neighbor are moving the cars into Nepal faster than almost anywhere else. Go to Source
How Trump’s Japan Deal Could Give Japanese Cars a Leg Up in the U.S.
President Trump’s 15 percent tariff on cars from Japan has angered U.S. automakers, which make cars in Canada and Mexico subject to 25 percent tariffs. Go to Source