automotive industry News

Stellantis Faces 9% Drop in Global Shipments in Q1 2025 Amid Production Challenges

Stellantis reports a 9% drop in Q1 2025 global shipments, with significant declines in North America and Europe due to production and demand challenges, despite some model sales gr...

Thailand Faces $25.8B Revenue Loss from US Tariffs: Industries at Risk

Thailand could lose $25.8 billion in revenue due to new US tariffs, affecting automotive, food, and chemical exports. The FTI calls for urgent government action to mitigate impacts...

China's March 2025 Car Sales Skyrocket: NEVs Lead with a 38% Yearly Surge

In March 2025, China's passenger vehicle sales surged by 14.4% annually, with new energy vehicles (NEVs) leading the charge, accounting for over half of all sales. Tesla saw a decl...

General Motors Announces End to Cadillac XT6 Production in Tennessee by 2025

General Motors is set to stop producing the gasoline Cadillac XT6 in Tennessee by 2025, focusing on electric vehicles, while extending the XT5 crossover's production due to strong ...

Daimler Truck Faces 8% Drop in Global Q1 Deliveries Amid Shifting Market Trends

Daimler Truck AG reports an 8% decline in Q1 2025 global deliveries, with notable drops in Mercedes-Benz Trucks and North America units, while Asia and Buses segments show growth.

Porsche Faces 8% Sales Dip in Q1 2025, Yet Electrified Vehicles Shine Bright

Porsche AG's Q1 2025 sales dropped by 8% to 71,470 vehicles, with significant declines in China and Germany. However, North America saw a 37% increase, and electrified vehicles mad...

Porsche Faces 8% Sales Decline in Q1 2025, Yet Electrified Vehicles Shine

Porsche AG reports an 8% sales drop in Q1 2025, with significant declines in China and Germany. However, electrified vehicles show strong growth, representing 38% of total deliveri...

Porsche Faces an 8% Sales Dip in Q1 2025, Yet Electrified Vehicles Shine

Porsche AG reports an 8% sales drop in Q1 2025, with significant declines in China and Germany but a notable rise in North America. Electrified vehicles now make up 38% of deliveri...

Porsche Faces 8% Sales Decline in Q1 2025, Yet Electrified Vehicles Shine

Porsche AG reports an 8% sales drop in Q1 2025, with significant declines in China and Germany. However, North America sees a 37% increase, and electrified vehicles now represent 3...

Porsche Faces 8% Sales Decline in Q1 2025, Yet Electrified Vehicles Shine

Porsche AG reports an 8% sales drop in Q1 2025, with significant declines in China and Germany but a strong performance in North America. Electrified vehicles now represent 38% of ...

Porsche Faces 8% Sales Dip in Q1 2025, Yet Electrified Vehicles Shine Bright

Porsche AG reports an 8% sales drop in Q1 2025, with significant declines in China and Germany but notable growth in North America and electrified vehicle sales.

Trump's Tariffs Threaten EU Corporate Sectors: Chemicals, Automotive, and Hardware at Greatest Risk

Fitch Ratings warns that Trump's tariffs could significantly impact EU corporate sectors, especially chemicals, automotive, and hardware, by weakening revenue and profitability. EU...

Trump's Tariffs Threaten EU's Economic Giants: Chemicals, Autos, and Hardware in the Crosshairs

Fitch Ratings warns that Trump's tariffs will significantly impact Europe's chemical, automotive, and hardware sectors, affecting revenue growth and increasing competition from Chi...

EU Corporate Sectors Face Revenue Dip as Trump Tariffs Loom, Fitch Reports

Fitch Ratings warns that Trump administration tariffs will weaken EU corporate sectors' revenue and profitability, with chemicals, automotive, and hardware hardest hit. EU firms ma...

Trump's Tariffs Threaten EU Corporate Sectors: Chemicals, Automotive, and Hardware at Greatest Risk

Fitch Ratings warns that Trump administration tariffs could weaken EU corporate sectors, with chemicals, automotive, and hardware most at risk. EU firms may also face increased com...

Trump's Tariffs Threaten EU Corporate Sectors: Chemical, Automotive, and Hardware to Suffer Most

Fitch Ratings reports that Trump administration tariffs will weaken EU corporate sectors, especially chemical, automotive, and hardware, by affecting exports and supply chains, wit...

Fitch Warns: Trump's Tariffs to Severely Impact Key EU Corporate Sectors Including Automotive and Chemicals

Fitch Ratings reports that Trump's tariffs could weaken revenue and profitability for EU sectors like automotive and chemicals, with EU firms facing competition from China in non-U...

Trump's Tariffs Shake EU Corporate Sectors: Chemicals, Autos, and Hardware Hardest Hit

Fitch Ratings warns that Trump's tariffs will significantly impact EU corporate sectors, especially chemicals, autos, and hardware, by weakening revenue growth and increasing compe...

Hyundai Stands Firm: Freezes US Vehicle Prices Amid Rising Tariff Concerns

Hyundai Motor America introduces a price freeze initiative to protect customers from tariff and market volatility impacts, ensuring no MSRP increases for vehicles bought or leased ...

Hyundai Shields US Buyers with Price Freeze Amid Rising Tariff Concerns

Hyundai Motor America introduces a price freeze to protect customers from tariff-induced price increases, ensuring MSRP stability for purchases or leases until June 2025. This move...

European Auto Industry Faces Turbulence as US Tariffs Spark Market Downturn

European automakers' stocks plummet after US imposes 25% tariffs on non-US-made vehicles, leading to production halts and layoffs, with major companies like Stellantis, Volkswagen,...

Hyundai Stands Firm: Freezes US Vehicle Prices Amid Rising Tariff Tensions

Hyundai Motor America has launched a price freeze initiative to protect customers from tariff impacts, ensuring no MSRP increase for vehicles bought or leased by June 2, 2025. This...

Hyundai Takes a Stand: Freezes US Vehicle Prices Amid Rising Tariff Concerns

Hyundai Motor America has launched an initiative to freeze vehicle prices until June 2025, offering stability to consumers amid tariff uncertainties. This move reflects broader ind...

European Auto Giants Face Market Turmoil as US Tariffs Spark Industry-Wide Concerns

European automakers' stocks plummet as US tariffs on non-US-made vehicles spark industry concerns, leading to production halts and layoffs by Stellantis NV, with significant market...

Stellantis Announces Voluntary Job Cuts in Southern Italy, Affecting 350 Employees Near Retirement

Stellantis has agreed to cut 350 jobs in southern Italy, targeting employees near retirement at its Pomigliano and Pratola Serra plants. The move is part of the company's strategy ...

Toyota Surges Ahead: US Sales Grow 0.9% with EVs Jumping 39.6% in Q1 2025

Toyota Motor North America reports a 0.9% increase in US sales for Q1 2025, with electric vehicle deliveries soaring by 39.6%. March sales saw a 7.7% rise, with EVs up 44.1%, highl...

Honda Shatters Records with Unprecedented US Light Truck and Electrified Vehicle Sales in March

American Honda Motor Co., Inc. reported a 13.2% increase in vehicle sales in March, with light trucks and electrified models setting new records. First-quarter sales also saw a 5.3...

Claudia Sheinbaum Advocates for Continuation of USMCA Tariff Pause Amid US Announcement

Mexican President Claudia Sheinbaum hopes the US extends the USMCA tariff pause, plans a measured response to new US tariffs, and discusses Mexico's automotive industry and migrati...

Mexican Leader Claudia Sheinbaum Advocates for Continued USMCA Tariff Pause Amid New US Tariff Announcements

Mexican President Claudia Sheinbaum hopes the US will continue the USMCA tariff pause, emphasizing careful consideration before responding to new US tariffs. She highlights Mexico'...

Mexican President Claudia Sheinbaum Advocates for Continued USMCA Tariff Pause Amid New US Tariff Announcements

Mexican President Claudia Sheinbaum hopes for the continuation of the USMCA tariff pause as the US prepares to announce new tariffs. She outlines Mexico's cautious response strateg...

Trump Imposes 25% Tariffs on Foreign Vehicles: Global Markets React and Allies Threaten Countermeasures

President Trump announces 25% tariffs on foreign-built vehicles and key auto parts, sparking global market reactions and threats of countermeasures from US trading partners. The mo...

Trump's 25% Tariff Shakes European Carmakers: Stocks Plunge Across the Board

European car manufacturers experienced a sharp decline in stock prices after US President Donald Trump announced a 25% tariff on cars made outside the US, with the ACEA warning of ...