The Trump administration said it plans to announce measures as early as Tuesday to ease the effects of tariffs on imported cars and car parts to give automakers more time to relocate production to the United States. Tariffs of 25 percent on imported vehicles and on auto parts will remain in place. But the tariffs… Continue reading Trump Administration Looks to Take Steps to Ease Pain From Car Tariffs
Category: US Motoring Press
G.M. Withdraws Profit Forecast as Trump Tariffs Take a Toll
General Motors is abandoning a previous forecast for solid profit growth this year as a result of the uncertainty created by President Trump’s trade policies, the automaker said on Tuesday. The Trump administration imposed a 25 percent tariffs on imported cars this month and has said it will impose a 25 percent duty on imported… Continue reading G.M. Withdraws Profit Forecast as Trump Tariffs Take a Toll
SpaceX loses bid to control beach access near launch facility in Texas
SpaceX’s mega rocket Starship booster returns to the launch pad during a test flight from Starbase in Boca Chica, Texas, Thursday, Jan. 16, 2025. Eric Gay | AP As SpaceX awaits the results of a critical election that would turn the location of its Starbase launch site into an incorporated Texas city, lawmakers have declined… Continue reading SpaceX loses bid to control beach access near launch facility in Texas
Trump signs order easing some auto tariffs
Autoworkers at Nissan’s Smyrna Vehicle Assembly Plant in Tennessee, June 6, 2022. The plant employs thousands of people and produces a variety of vehicles, including the Leaf EV and Rogue crossover. Michael Wayland / CNBC DETROIT — President Donald Trump on Tuesday signed an executive order softening some of the automotive tariffs his administration put… Continue reading Trump signs order easing some auto tariffs
Volvo Cars shares plunge on earnings fall, withdrawn guidance and major cost-cutting drive
Mikael Sjoberg | Bloomberg | Getty Images Sweden-based automaker Volvo Cars on Tuesday announced cost-cutting plans of 18 billion Swedish kronor ($1.87 billion) and withdrew financial guidance as its operating profit fell sharply in the first three months of the year. Volvo Cars, which is owned by China’s Geely Holding, reported first-quarter operating profit of… Continue reading Volvo Cars shares plunge on earnings fall, withdrawn guidance and major cost-cutting drive
General Motors beats Wall Street estimates, reassesses full-year guidance amid auto tariffs
DETROIT — General Motors beat Wall Street’s first-quarter expectations but is reassessing its 2025 financial guidance and suspending any additional stock buybacks amid expected cost increases and industry uncertainty regarding Donald Trump‘s ongoing auto tariffs. Here’s how the company performed in the first quarter, compared with average estimates compiled by LSEG: Earnings per share: $2.78… Continue reading General Motors beats Wall Street estimates, reassesses full-year guidance amid auto tariffs
CEAT Q4 FY25: Revenue Surges 14.3% to ₹3,420.6 Crore, Profit Dips 3.5% YoY
CEAT Limited, a leading tyre manufacturer under the RPG Group, reported a consolidated revenue from operations of ₹3,420.6 crore in Q4FY25, marking a 14.3% year-on-year (YoY) increase from ₹2,991.9 crore in Q4 FY24. On a quarter-on-quarter (QoQ) basis, revenue grew by 3.7% from ₹3,299.9 crore in Q3 FY25. This growth was fueled by healthy volume… Continue reading CEAT Q4 FY25: Revenue Surges 14.3% to ₹3,420.6 Crore, Profit Dips 3.5% YoY
Isuzu unveils D-Max EV at 2025 Commercial Vehicle Show
Isuzu has taken the covers off the new Isuzu D-Max EV today at the 2025 Commercial Vehicle Show (CV Show), at the NEC Birmingham, marking a historic moment as the first-ever fully electric, fully capable commercial pick-up truck enters the European automotive market. This is the production version, whose production has begun in Thailand. Earlier… Continue reading Isuzu unveils D-Max EV at 2025 Commercial Vehicle Show
CIE Automotive India Revenue, Profit Decline in Q4
CIE Automotive India Limited (formerly known as Mahindra CIE Automotive Limited) reported consolidated revenue from operations of ₹2,272.63 crores for Q4FY25, representing a 6.3% decline compared to ₹2,426.80 crores in Q4FY24. Despite the revenue dip, the company managed to contain the impact on profitability. The company’s profit after tax stood at ₹206.40 crores in Q4,… Continue reading CIE Automotive India Revenue, Profit Decline in Q4
Daewoo Eyes 20% Lubricant Exports From India
South Korean steel-making brand Daewoo is planning to make India a lubricant export hub by expanding on the manufacturing capacity in the country. The company is eyeing for 20% exports by financial year 2028, a senior official told Autocar Professional. In a strategic partnership with India’s petrochemical major Mangali Industries Ltd (MIL), the company will… Continue reading Daewoo Eyes 20% Lubricant Exports From India