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Ford announces $5 billion US investment as part of its ‘next Model T moment’
Ford plans to invest billions in new electric vehicle production, calling it the company’s “next Model T moment.”
GM’s latest tariff hit: $1.1 billion
Tariffs on imported cars and auto parts cost General Motors $1.1 billion in the second quarter, the nation’s largest automaker said Tuesday.
Tesla’s earnings continue to slide
Tesla’s troubles continued Wednesday as the company reported a 23% drop in adjusted earnings for the second quarter, a fall that followed a record drop in sales in the same period.
Tesla reports record sales plunge from last year
Tesla reported another record sales plunge Wednesday, as brand damage from CEO Elon Musk’s political activities and increased competition continued to batter the once fast-growing electric car maker.
The Trump administration just doubled the tariffs on steel and aluminum imports. Here’s what that means
US tariffs on steel and aluminum doubled to 50% as of 12:01 am ET on Wednesday, a move cheered by the beleaguered American steel industry but worrisome to sectors that heavily use the metals, from car makers to can manufacturers.
New Jersey Transit reaches tentative deal with engineers union that could end strike
Negotiators for New Jersey Transit and the Brotherhood of Locomotive Engineers and Trainmen (BLET), the union representing 450 striking engineers, have reached a tentative labor agreement that could bring an end to the three-day strike, according to the union.
Tesla sales plunge across Europe
Tesla’s sales continue to dive across Europe even as car buyers there increasingly buy electric vehicles.
GM CEO Mary Barra: Tariffs will cost us $5 billion, and prices ‘will stay at the same level’
The Trump administration’s tariffs on imported cars and auto parts will cost General Motors between $4 billion and $5 billion this year. But in an interview on CNN, CEO Mary Barra said the company doesn’t necessarily expect to pass those higher costs onto consumers in the form of elevated prices.
Trump to sign executive order easing auto tariffs
President Donald Trump is set to sign an executive order on Tuesday to ease auto tariffs, White House press secretary Karoline Leavitt announced, the latest abrupt shift in a rapidly changing tariff policy that has left businesses scrambling to keep up.
America’s biggest exporter was already on the ropes. Then came tariffs
Boeing’s problems the last six years have been legion. Tariffs could be yet another gut punch for the beleaguered company – and, given Boeing’s importance as the top US exporter, for the economy as a whole.