The United States has decided to hold off on imposing tariffs on cars from Mexico and Canada. This delay, lasting for a month, was announced by the White House. The decision was made after discussions with major auto dealers. These dealers include Stellantis, Ford, and General Motors. The goal is to
Imagine this: A border wall in the distance, a row of trucks laden with vehicles are ready to enter the U. S. The auto industry in the US is feeling the heat of possible tariffs on autos from Canada and Mexico. Before February 1, the industry hasn't had a solid strategy but guess what, they need to
President Trump is in a hurry to renegotiate the US-Mexico-Canada trade agreement, or USMCA, far earlier than its planned 2026 review. The reason? He wants to secure American auto jobs and stop Chinese auto companies from establishing themselves in Mexico. By strengthening rules to keep auto factori
Big names in the car industry, like Honda and Nissan, might be considering a merger to split costs and stay competitive. But mergers aren't always a smooth ride. They're tough to pull off, especially when two huge companies with different ways of doing things come together. Imagine trying to blend
General Motors, a big US car company, just took a massive $5bn hit because of its businesses in China. This is a big deal because China used to be their largest market. They said the losses came from changes in their business plans and some restructuring. This isn't great news for GM, as it means th
Auto parts retailer Advance Auto Parts has announced a significant restructuring plan. By mid-2025, the company aims to close around 500 stores and reduce some jobs. This move comes as demand for vehicle parts has decreased, with fewer people choosing to repair their cars. The automotive industry h
In the blink of an eye after the election results were out, the stock market jumped up. The Dow Jones Industrial Average was up by more than 3 percent, and the Nasdaq Composite and S&P 500 weren't far behind, rising by nearly 2 percent. Crypto In the crypto world, things got really exciting. The p
Chinese automakers are being advised to press the brakes on major investments in European countries that have backed new tariffs on Chinese electric vehicles (EVs). This decision comes as a response to the European Union's (EU) recent imposition of tariffs, which can reach up to 45. 3%, following a
Mike Rogers, a former Republican representative, is making electric vehicles (EVs) a hot topic in his campaign for the Michigan Senate. He's criticizing Democrat Elissa Slotkin and the Biden administration for promoting EVs, claiming they want to force everyone to drive electric cars. Slotkin, howev
Stellantis, the multinational automaker, announced on Friday that its CEO, Carlos Tavares, will retire in early 2026. This decision comes amid what Tavares described as a "Darwinian period" in the global auto industry. The company has also been struggling with falling sales; in the third quarter of
