Los Angeles — With a 25% tariff on imported vehicles and vehicle parts from Canada and Mexico set to take effect on April 2 as part of President Trump’s trade wars, car shoppers are unsure about whether to buy now or risk facing higher prices later. Even after 20 years of selling cars, general manager…
WASHINGTON (AP) — With Elon Musk facing escalating political blowback and financial troubles, President Donald Trump said he would buy a Tesla vehicle from his company, an unusual show of support from the president to his most powerful adviser. It was the latest example of how Trump has demonstrated loyalty to Musk, who spent heavily…
BYD, the Chinese electric vehicle giant, has rapidly grown into a dominant force in the automotive industry, challenging legacy automakers and rivaling Tesla in global EV sales. While Tesla is often viewed as its biggest competitor, BYD’s executive vice president, Stella Li, believes there is room for cooperation—at least in their shared mission to eliminate…
BANGKOK (AP) — Asian shares were mostly higher Thursday, tracking a rebound on Wall Street after President Donald Trump pulled back on some of his tariffs hikes. U.S. futures were little changed, while benchmarks surged in Japan and China. Trump’s decision to give a one-month exemption for U.S. automakers on his 25% tariffs for Mexican…
Why is Trump exempting tariffs for some car makers? – CBS News Watch CBS News President Trump is offering an economic reprieve to the Big Three automakers. The White House announced on Wednesday that Ford, General Motors and Stellantis would receive a one-month exemption from his tariffs. CBS News’ Fin Gomez and Kelly O’Grady have…
WASHINGTON (AP) — President Donald Trump is granting a one-month exemption on his stiff new tariffs on imports from Mexico and Canada for U.S. automakers, as worries persist that the newly launched trade war could crush domestic manufacturing. The pause comes after Trump spoke with leaders of the “big 3” automakers, Ford, General Motors and…
WASHINGTON (AP) — President Donald Trump is granting a one-month exemption on his stiff new tariffs on imports from Mexico and Canada for U.S. automakers, amid fears that the trade war could harm U.S. manufacturers. The announcement comes after Trump spoke with leaders of the “big 3” automakers, Ford, General Motors, and Stellantis on Wednesday….
BOSTON (AP) — Demonstrators gathered outside Tesla stores across the U.S. Saturday to protest the automaker’s billionaire CEO, Elon Musk, and his push to slash government spending on behalf of President Donald Trump. The demonstrations are part of a growing backlash in North America and Europe to Musk’s disruptive role in Washington. Critics of Trump…
During the latest round of tariffs on U.S. imports, China’s took effect on Monday, imposing an additional 10% duty on vehicles with engines larger than 2.5 liters. This brings the total tariff on these vehicles to 25% as trade negotiations between the two nations stall over the Trump administration’s broader tariffs on Chinese goods. While…
General Motors is hoping to grab a bigger share of the market for luxury electric vehicles. To that end, it just unveiled a souped-up version of its Cadillac Lyriq-V SUV. But when the average price of an EV already tops $50,000, is there much of a market for something even pricier? The price of this Lyriq…