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Canada’s Auto Industry Retreat: Tariffs and Trade Shifts Reshape the Detroit Footprint
business3 days ago

Canada’s Auto Industry Retreat: Tariffs and Trade Shifts Reshape the Detroit Footprint

U.S. automakers once dominated Ontario’s plants, but tariffs, policy shifts under Trump, and a pivot toward electric vehicles have weakened their Canadian footprint. Production in Canada has fallen to about 1.2 million vehicles annually, with Detroit-based firms accounting for roughly 38% of assembly jobs in 2024 (and last year just 23% of output), as Asian automakers gain ground. Ottawa is exploring diversification—allowing some Chinese EVs and courting Korean investment—while negotiations around the USMCA/NAFTA trade framework remain unsettled.

via The New York Times|
#auto-industry#business#canada-us-trade
Stellantis unveils $70B plan to reshape lineup with affordable crossovers and performance trucks
business5 days ago

Stellantis unveils $70B plan to reshape lineup with affordable crossovers and performance trucks

Stellantis announced a 60 billion euro global turnaround to refresh its U.S. lineup with 11 new models and several sub-$30,000 crossovers, add high‑performance Ram variants and a Dodge Copperhead, and lift North American sales to about 1.9 million while cutting costs by $7 billion annually by 2028; in Europe, it will lean on LeapMotor and Dongfeng for 60 new vehicles on shared platforms as part of the FaSTLAne 2030 plan.

via Axios|
#auto-industry#business#electric-vehicles
Bipartisan warnings as Trump-Xi talks intensify about Chinese cars in the U.S.
business12 days ago

Bipartisan warnings as Trump-Xi talks intensify about Chinese cars in the U.S.

As Trump meets Xi, lawmakers from both parties warn against using the U.S. auto market as leverage with Beijing, amid talk of Chinese automakers potentially building in the United States. Legislation to curb Chinese-made connected vehicles is advancing over national-security concerns, while officials warn about the impact on domestic jobs and supply chains as Chinese components already appear in common U.S. models and automakers face a competitive affordability gap for American buyers.

via CNBC|
#auto-industry#business#china
Honda’s EV gamble pins a rare loss as automakers recalibrate
business13 days ago

Honda’s EV gamble pins a rare loss as automakers recalibrate

Honda posted its first annual loss since 1955, reporting a 403.3 billion yen ($2.6B) net loss for the year ending March after a 1.6 trillion yen ($10B) write-down on its EV investments. The hit came as US policy shifts—namely the end of the $7,500 EV tax credit and looser emissions rules—dented EV demand, pushing Honda and peers to pivot back toward profitable gasoline trucks/SUVs while forecasting further EV-related write-downs. GM also faced EV charges but remained profitable; Ford and Stellantis posted losses amid retrenchment in electrification. The industry remains committed to EVs, but faces tougher rules in Europe/Asia and rising competition from Chinese EV makers.

via CNN|
#auto-industry#business#earnings
world14 days ago

Trump-Xi Summit Could Open Western Auto Markets to Cheap Chinese EVs

The Trump-Xi summit is heightening U.S. and European anxiety that cheap Chinese electric vehicles could flood Western markets. Lawmakers are pushing bans and national-security safeguards to shield domestic auto industries, while Trump signals openness to Chinese investment. Canada and Europe are moving toward greater Chinese EV imports, and firms like BYD are positioning for U.S. market access, creating a high-stakes debate over jobs, pricing, and security as manufacturers warn that opening the door could erode the American EV sector.

via Politico|
#auto-industry#china#electric-vehicles
Gas-price surge nudges U.S. buyers toward used EVs
business23 days ago

Gas-price surge nudges U.S. buyers toward used EVs

With gas averaging about $4.43 a gallon, roughly 15% of Americans say they’re considering an EV, and analysts note the most accessible option for many is the used EV market amid high new-EV prices, tight inventories, and fading federal incentives. Deals persist (e.g., Tesla Model Y 0% APR; Lucid 0.99% for 60 months), but new-EV supply is down about 80,000 units versus last year. Used EVs can be 40–60% cheaper than new, and batteries are often backed by 8-year/100,000-mile warranties, though charging infrastructure and port compatibility (NACS) remain concerns. Experts say price pressure may nudge adoption, but a surge isn’t guaranteed and lifestyle needs still drive decisions.

via ABC News - Breaking News, Latest News and Videos|
#auto-industry#business#consumer-behavior
Trump to Hike EU Auto Tariffs to 25% Over Trade-Deal Dispute
americas25 days ago

Trump to Hike EU Auto Tariffs to 25% Over Trade-Deal Dispute

President Donald Trump said he will raise tariffs on cars and trucks from the European Union to 25% next week, accusing the bloc of not complying with a 2025 trade deal. The move would invert the existing framework and comes amid a Supreme Court ruling that limited the president’s emergency-tariff authority, alongside broader geopolitical and domestic inflation pressures.

via France 24|
#americas#auto-industry#donald-trump
world-news29 days ago

Iran War Triggers Energy-Price Shock Slowing China's Economy

The Iran war is driving oil and gas prices higher, weighing on China’s economy with weaker consumption, a sharp drop in auto sales (about 26% in the first 19 days of April) and toy-factory shutdowns, while windfall profits in chemicals and energy cushion some sectors; analysts warn China may struggle to meet its 4.5% growth target despite energy reserves and price-shield measures.

via The Jerusalem Post|
#auto-industry#china#iran
business29 days ago

GM's Q1 2026 earnings preview signals modest revenue dip but optimistic full-year outlook

GM is set to report Q1 2026 results before the bell, with analysts projecting $2.62 in adjusted EPS on $43.68 billion in revenue—a roughly 1% year-over-year revenue decline and a 5.8% drop in adjusted EPS—while investors await updates to 2026 guidance and any EV-related charges after last year’s $7.6 billion in write-downs, including guidance for net income of $10.3–$11.7 billion, adjusted EBIT of $13–$15 billion, and EPS of $11–$13 for the year.

via CNBC|
#auto-industry#business#earnings
GM Poised to Lead Detroit Three as Q1 2026 Earnings Face Cost Headwinds
business1 month ago

GM Poised to Lead Detroit Three as Q1 2026 Earnings Face Cost Headwinds

GM is expected to post about $2.61 in Q1 2026 EPS, Ford around $0.19, and Stellantis roughly €0.73 for the year, as the automakers contend with higher costs from the Iran war and supply-chain pressures. GM maintains a stable 2026 outlook with solid margins and cash flow; Ford faces aluminum-supply disruptions and a restructuring; Stellantis pursues a gradual turnaround with mid-single-digit revenue growth and low-single-digit margins, while Q1 shipments for the group rose about 12%.

via CNBC|
#auto-industry#business#earnings-q1-2026
84-Month Loans and $806 Payments Define the 2026 Car Market
business1 month ago

84-Month Loans and $806 Payments Define the 2026 Car Market

New data from JD Power and the New York Auto Forum show the 2026 auto market is increasingly defined by long-term financing: average new-car payments have risen to about $806, with 72-month loans making up 40% of sales and 84-month loans about 13%. The typical shopper is chasing monthly payments, not sticker price, as average transaction prices hover around $45,800 while incentives rise and fuel costs bounce. The result is higher interest costs and often little equity on trade-ins, even as a wave of lease returns could ease used-car prices later this year.

via The Autopian|
#affordability#auto-industry#business