Auto Industry – CoolPal

Stellantis Projects $2.7 Billion H1 2025 Loss, Blames Trump Tariffs

2025-07-22 CoolPal

Stellantis Projects $2.7 Billion H1 2025 Loss, Blames Trump Tariffs Automotive giant Stellantis announced Monday it anticipates a significant $2.7 billion loss for the first half of 2025, largely attributing the financial blow to the ongoing impact of President Donald Trump’s tariffs. Preliminary figures indicate that direct tariff payments and resulting production shortfalls alone accounted for nearly $350 million of the anticipated losses. The company also reported a sharp 25% decline in North American sales during the second quarter, which…

Tesla Executive Exodus Deepens Amidst Steep Q2 Sales Decline

2025-07-16 CoolPal

Tesla Executive Exodus Deepens Amidst Steep Q2 Sales Decline Tesla is currently facing a significant leadership shake-up as its director of North American sales, Troy Jones, departs after 15 years with the company. This high-profile exit closely follows a reported steep drop in Tesla’s second-quarter sales, signaling a challenging period for the electric vehicle manufacturer. Jones’s departure is not an isolated incident. The company has seen a series of executive departures and firings in recent months. Notably, Elon Musk previously…

Senate Bill Pushes for Immediate End to EV Tax Credits by September 30

2025-07-01 CoolPal

Senate Bill Pushes for Immediate End to EV Tax Credits by September 30 In a significant development for the electric vehicle (EV) market, the U.S. Senate is currently considering a version of a sweeping tax and spending bill that proposes an abrupt termination of EV tax credits as early as September 30, 2025. This move, if passed, would dramatically accelerate the end date compared to the House’s proposed late 2025 or 2026 timelines. The draft bill, which is undergoing active…

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