FY2026 has opened on a strong note for the Indian electric two-wheeler industry which has all of 188 companies, a minuscule few of which are legacy two-wheeler OEMs while a good lot are startup companies. In April 2025, the first month of the new fiscal, a total of 91,791 electric scooters, bikes and mopeds were… Continue reading Legacy OEMs outsell Top 20 electric 2W startups, command 55% market share in April
Category: US Motoring Press
Legacy OEMs outsell Top 20 electric 2W startups, command 55% market share in April
FY2026 has opened on a strong note for the Indian electric two-wheeler industry which has all of 188 companies, a minuscule few of which are legacy two-wheeler OEMs while a good lot are startup companies. In April 2025, the first month of the new fiscal, a total of 91,791 electric scooters, bikes and mopeds were… Continue reading Legacy OEMs outsell Top 20 electric 2W startups, command 55% market share in April
GM Cuts Profit Forecast by 20% and Says Auto Tariffs Will Cost It Billions
General Motors cut its profit forecast for 2025 on Thursday by more than 20 percent and said the Trump administration’s tariffs would increase its costs by $4 billion to $5 billion this year. In a conference call with analysts, G.M. executives said the company now expected to make $8.2 billion to $10.1 billion this year,… Continue reading GM Cuts Profit Forecast by 20% and Says Auto Tariffs Will Cost It Billions
Tesla Chair Denies That Board Sought to Replace Elon Musk
The chair of Tesla’s board of directors denied a report that the company had begun to look for a replacement for Elon Musk, the chief executive who has been spending much of his time working for President Trump while the automaker’s sales and profits have plummeted. Robyn Denholm, who has led the board for more… Continue reading Tesla Chair Denies That Board Sought to Replace Elon Musk
Mercedes-Benz and Volkswagen Facing Uncertainty With Tariffs
European carmakers, including Mercedes-Benz, Stellantis and Volkswagen, said Wednesday that the chaos and upheaval caused by the tariffs introduced by President Trump had left them struggling to assess the impact and unable to plan for the future. After years of sluggish demand and high inflation, Europe’s carmakers headed into 2025 with a raft of new… Continue reading Mercedes-Benz and Volkswagen Facing Uncertainty With Tariffs
House Votes to Repeal California’s Clean Truck Policies
House Republicans, joined by a few Democrats, voted on Wednesday to stop California from requiring dealers to sell an increasing percentage of zero-emission medium and heavy-duty vehicles over time and to block an effort to reduce smog. The two votes were the first of several planned by congressional Republicans that threaten California’s longstanding authority to… Continue reading House Votes to Repeal California’s Clean Truck Policies
Automakers report significant April sales increases amid tariff fear-buying, but the good times may not last
The Ford display is seen at the New York International Auto Show on April 16, 2025. Danielle DeVries | CNBC DETROIT — Automakers such as Ford Motor, Hyundai Motor and Kia on Thursday reported significant year-over-year U.S. sales increases in April as consumers rushed to purchase new vehicles ahead of potential price hikes due to… Continue reading Automakers report significant April sales increases amid tariff fear-buying, but the good times may not last
Mercedes-Benz to add new vehicle to Alabama plant amid Trump tariffs
An employee installs parts on the undercarriage of a Mercedes-Benz GLS-Class SUV at the Mercedes-Benz U.S. International factory in Vance, Alabama, on June 8, 2017. Andrew Caballero-Reynolds | AFP | Getty Images Mercedes-Benz on Thursday said it will add a new vehicle to its plant in Alabama amid President Donald Trump‘s auto tariffs. The German… Continue reading Mercedes-Benz to add new vehicle to Alabama plant amid Trump tariffs
GM lowers 2025 guidance, citing up to $5 billion in tariff exposure
watch now DETROIT — General Motors on Thursday lowered its 2025 financial guidance to include an expected $4 billion to $5 billion impact as a result of President Donald Trump‘s auto tariffs. The Detroit automaker said its new guidance includes adjusted earnings before interest and taxes of between $10 billion and $12.5 billion. That compares… Continue reading GM lowers 2025 guidance, citing up to $5 billion in tariff exposure
Auto giants ditch financial guidance as industry reels from Trump tariff chaos
New vehicles displayed for sale at a General Motors Co. Chevrolet dealership in Miami, Florida, US, on Saturday, April 5, 2025. Bloomberg | Bloomberg | Getty Images European auto giants reported a sharp drop in first-quarter profit, and many suspended or cut full-year financial guidance, partially attributing the industry pain to U.S. President Donald Trump‘s… Continue reading Auto giants ditch financial guidance as industry reels from Trump tariff chaos