Trump warns Americans that tariffs may cause ‘pain’ Donald Trump has said that Americans may feel economic “pain” from his tariffs on key trading partners. “Will there be some pain? Yes, maybe (and maybe not!)” Trump wrote on Sunday in all capital letters on his Truth social media platform, aContinue Reading
DETROIT — As President Donald Trump’s threat to impose 25% tariffs on imports from Canada and Mexico as soon as Saturday looms, the global automotive industry is collectively holding its breath. For months, automakers have been taking a “wait-and-see” approach to the Trump administration’s potential tariffs. Trump promised to impose duties upon his inauguration this month,Continue Reading
Tesla just reported its fourth quarter earnings, and (for the American automaker, at least) it’s relatively grim. It earned less per share than was expected, revenue from its automotive operations fell 8 percent (and of the $19.8 billion it made, $692 million in revenue is a result of it sellingContinue Reading
Honda and Sony have officially launched their inaugural collaboration, specifically to compete against new tech giants entering the automotive sector. The Afeela 1 sedan, however, is targeted towards an affluent market. The automotive industry now faces no barriers. Traditional manufacturers are no longer the sole producers of vehicles as majorContinue Reading
Mercedes is set to lay off tens of thousands of employees as part of a restructuring to respond to market conditions. Following Volkswagen’s announcement of over 30,000 job cuts, the German automotive sector is facing challenges that have also affected other leading manufacturers. Reports indicate that Mercedes is considering layingContinue Reading
Another powerful V8 could soon be leaving the automotive scene. Audi is working on a new RS7, but when it arrives, it may have two fewer cylinders under the hood. According to Car magazine, the V6 is set to take the place of the existing 4.0-litre twin-turbo V8 engine. DespiteContinue Reading
AUTOJOSH American EV Startup Canoo Officially Bankrupt News Published 1 day ago on January 21, 2025 It’s over and out for Canoo for now. The American manufacturer of electric vans has not made it. It’s not easy to keep your head above water as a new player in the automotiveContinue Reading
Brazil Automotive Market Size Was Valued at USD 11.56 Billion in 2023 and is Projected to Reach USD 20.12 Billion by 2032, Growing at a CAGR of 6.35 % From 2023-2032. Market Overview The Automotive industry in Brazil is among the most vibrant and impactful sectors in Latin America. Being the biggestContinue Reading
Agora Data, a leading fintech company specializing in delivering technology, capital, and analytics for the subprime automotive sector, is pleased to welcome Jeremy Beck as Vice President of Sales Strategy. A proven automotive executive, Jeremy boasts a strong track record in strategic planning, process optimization, and enhancing dealer growth. HisContinue Reading
Ineos Automotive announced that production of the Grenadier rugged SUV and Grenadier Quartermaster pickup truck has resumed at its vehicle plant in Hambach, France. Production was paused last September after the seat supplier for the Grenadier, Recaro Automotive, ceased production due to insolvency. Italian seat manufacturer Proma Group stepped inContinue Reading
Skip to content