AUTOMAKERS

Jul 04 2025POLITICS

EV Buyers: Act Now Before the Tax Credit Vanishes

The clock is ticking for those looking to buy an electric vehicle. A recent law passed by Congress has set a deadline: September 30, 2025. After this date, the popular $7, 500 federal tax credit for new EVs will be no more. Initially, there were talks of a six-month grace period, but the final law cut this short. This law is part of a bigger plan to reshape the Amer...

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Apr 14 2025BUSINESS

Car Stocks Surge as Trump Promises Support to Automakers

Car companies saw a boost in their stock prices during Monday's trading. This happened after the U. S. President made some remarks about helping out certain car manufacturers. The president met with the leader of El Salvador. During this meeting, he mentioned that some car companies need more time. They need this time to shift their production to the United States. T...

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Mar 27 2025BUSINESS

Trump's Tariffs: How Car Prices Might Skyrocket

The stock market took a hit on a Thursday. This was the first day of trading after a major announcement. The news? President Trump had declared a 25% tariff on imported cars and car parts. This move is expected to spark a global trade war and drive up the cost of vehicles. The Dow Jones Industrial Average dropped by 250 points, or 0. 5%. The S&P 500 also fell by 0. ...

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Mar 13 2025FINANCE

Steel and Aluminum Tariffs: A Heavy Burden for Automakers

The auto industry is facing a tough time due to new tariffs on steel and aluminum. These metals are crucial for car manufacturing, and the increased tariffs will make them more expensive. The U. S. government has imposed a 25% tariff on steel and raised the aluminum tariff from 10% to 25%. This move is said to boost national security and create more jobs, but it's ca...

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Mar 07 2025BUSINESS

Auto Industry's Tariff Pause: A Tough Road Ahead

The auto industry is facing a tricky situation. President Trump has given automakers a short break. He has delayed a 25% tariff on vehicles and auto parts from Mexico and Canada for a month. This is part of the North American trade agreement USMCA. The White House announced this after Trump spoke with leaders of Ford, General Motors, and Stellantis. The exemptio...

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Feb 13 2025BUSINESS

Japanese Auto Giants Honda, Nissan, and Mitsubishi Call Off Merger Talks

In a surprising turn of events, three major Japanese car companies—Honda, Nissan, and Mitsubishi—have decided to end their discussions about merging. This decision came after Nissan's top executive, Makoto Uchida, expressed concerns about the potential merger's impact on Nissan's future. Uchida felt that the proposed merger would not fully utilize Nissan's capabiliti...

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Feb 03 2025POLITICS

Car Makers Set For a Bumpy Ride

In a recent move, US automakers are facing challenging times. The new tariffs on goods coming in from Canada, Mexico and China will likely add strain. A heavy barrier to these items crossing US borders has been put in place. When we speak of these goods, we're talking about cars, car parts, machines, transmissions, and more. These tariffs, set to start at 1...

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Dec 23 2024BUSINESS

Japanese Car Giants Team Up to Fight Electric Future

Imagine two of Japan's biggest carmakers, Nissan and Honda, joining forces to become the world's third-largest automaker. This isn't just a dream; it's a plan they're seriously considering over the next six months. Why the sudden team-up? Well, the auto industry is changing fast, with electric cars taking over and Chinese companies leading the way. By combining their...

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Dec 21 2024TECHNOLOGY

Will Next-Gen CarPlay Hit the Road in 2024?

As the year winds down, Apple is facing a deadline. It promised that cars with the next-gen CarPlay system would hit the streets in 2024. But with just a few days left, time is running out. This new CarPlay is supposed to connect your iPhone to your car in a whole new way, showing your apps on the dashboard and controlling things like the radio and temperature. Apple...

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Dec 15 2024BUSINESS

Car Makers Hit a Bump in the Road

Just a few years back, car companies were raking in profits due to pandemic-related shortages. Now, they're facing tough times. Japanese carmaker Nissan is letting go of 9, 000 workers. Volkswagen might close some German factories. The CEO of Stellantis, which owns brands like Jeep and Peugeot, quit after a sales drop. Even high-end brands like BMW and Mercedes-Benz ...

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