President Donald Trump announced increased tariffs on new vehicles and some parts imported for sale into the United States, effective April 3, a move experts say will raise prices and reduce sales and production. +
Former dealer and newly elected U.S. Sen. Bernie Moreno’s Transportation Freedom Act would revise and standardize fuel economy standards and offer tax savings to domestic manufacturers. +
Honda and Nissan announced they will not merge, ending a proposed deal that would have created the world’s No. 3 carmaker and helped the companies compete against emerging Chinese rivals. +
President Donald Trump levied new tariffs of 25% on goods imported from Canada and Mexico and 10% on imports from China with no exemptions for vehicles or auto parts. +
The U.S. Commerce Department will finalize a ban on the sale of Chinese cars and trucks before President Joe Biden leaves office, leaving the incoming administration to decide which factories and vehicles to exempt. +
Tesla sold 1.79 million EVs worldwide in 2024, down 1.1% from the prior year despite a fourth-quarter push that included offers of 0% financing and free charging. +
Honda, Nissan and Mitsubishi have entered discussions that could lead to a three-way merger that would form the world’s third-largest automaker. A new U.S. president could complicate the deal. +
Reuters reports members of the Trump transition team will recommend a reversal of Biden administration policies designed to encourage EV production and sales. +
The decision to eliminate the $7,500 consumer tax credit has led to speculation that a repeal could give Tesla an edge over competitors like Ford and GM. +
