A letter from the groups to the President urges him to change his plans for a 25 percent tariff
The layoffs will take place across Volvo Group North America, and Volvo-owned Mack Trucks
Thanks to a strong first quarter, Buick has increased its market share to 1.6%, but it now faces the risk of losing momentum
Prices are expected to keep rising unless the US administration reverses course on import tariffs
Trump’s tariffs faced widespread criticism, yet they may achieve their intended goal, with the VW Group, for one, now considering local production of Audis
The Blue Oval has pulled the plug on exporting cars from the US to China due to the latter’s retaliatory tariffs
According to the company’s boss, there are “very few highly compelling” electric vehicles under $50,000 on the market right now
Nissan is concerned about the future of sub-$30,000 vehicles that are built overseas and imported to the US
VW is not the only brand to adopt that strategy; several others, like Hyundai, Stellantis and Ford, are also keeping prices steady, at least for now
While the brand will feel the pinch of the tariffs, it is investing heavily in the US to alleviate the pain as much as possible
One study predicts used car values could jump between $890 and $5,169 this year
Prime Minister Carney defended North American integration as Trump threatens cross-border production
Sources say Nissan will reassess production plans for the Rogue if and when the tariffs change
The trade war between the US and China has already claimed its first victims and, ironically, they come from one of Trump’s biggest supporters
Thanks to a reliance on imports, Stellantis stock could be stuck in reverse
The President said automakers need more time to bring production back to the United States
According to the company, there is sufficient pre-tariff inventory to meet demand
Average transaction prices were increased in March, with data showing 1.59 million vehicles sold for the same month
