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Tag: Automotive Industry

US Automakers Voice Concerns Over Trump’s Japan Tariff Deal

US Automakers Voice Concerns Over Trump’s Japan Tariff Deal

US Automakers Voice Concerns Over Trump’s Japan Tariff Deal U.S. automakers are expressing significant apprehension regarding a recent agreement by then-President Donald Trump to impose a 15% tariff on Japanese vehicles. They argue that this deal places them at a competitive disadvantage, citing steeper import taxes they face on steel, aluminum, and parts compared to their international counterparts. Matt Blunt, president of the American Automotive Policy Council, representing major U.S. automakers General Motors, Ford, and Stellantis, stated that the deal…

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Stellantis Plunges to $2.7 Billion First-Half Loss Amid Tariff Impact and Sales Slump

Stellantis Plunges to $2.7 Billion First-Half Loss Amid Tariff Impact and Sales Slump

Stellantis Plunges to $2.7 Billion First-Half Loss Amid Tariff Impact and Sales Slump Automotive giant Stellantis NV has reported a preliminary loss of $2.7 billion (€2.3 billion) for the first half of 2025, attributing the significant deficit primarily to the biting impact of U.S. tariffs and persistently sluggish global sales. The early figures, released yesterday ahead of a full earnings report due July 29, paint a challenging picture for the transatlantic parent company of brands like Jeep, Ram, and Fiat….

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Tesla Q2 Deliveries Plummet Amidst Musk Backlash and Production Halts

Tesla Q2 Deliveries Plummet Amidst Musk Backlash and Production Halts

Tesla Q2 Deliveries Plummet Amidst Musk Backlash and Production Halts Tesla has announced a significant decline in vehicle deliveries for the second quarter of 2025, signaling a potential second consecutive annual sales drop. The electric vehicle giant reported delivering 384,122 vehicles, a 13.5% decrease from the 443,956 units delivered a year ago and falling short of analyst expectations. The sharp downturn is largely attributed to a growing backlash against CEO Elon Musk’s political stances and an aging vehicle lineup. Despite…

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Infiniti Halts US-Bound Crossover Production Amid New Trump Tariffs

Infiniti Halts US-Bound Crossover Production Amid New Trump Tariffs

Infiniti Halts US-Bound Crossover Production Amid New Trump Tariffs Infiniti, Nissan Motor’s luxury brand, has indefinitely suspended production of its QX50 and QX55 crossovers destined for the U.S. market. This significant move is a direct consequence of the newly imposed 25% tariffs on imported vehicles by the Trump administration. In a memo to its retailers, Infiniti Americas Vice President Tiago Castro stated that output for these Mexico-built models is paused “until further notice.” A company spokesperson confirmed the production halt,…

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Tesla Shakes Up Leadership: ‘Musk’s Fixer’ Omead Afshar Reportedly Fired Amid Slumping Sales

Tesla Shakes Up Leadership: ‘Musk’s Fixer’ Omead Afshar Reportedly Fired Amid Slumping Sales

Tesla Shakes Up Leadership: ‘Musk’s Fixer’ Omead Afshar Reportedly Fired Amid Slumping Sales In a significant leadership shake-up, Tesla has reportedly fired Omead Afshar, its Head of Operations for North America and Europe. Often dubbed ‘Elon Musk’s fixer’ due to his instrumental role in major projects, Afshar’s dismissal comes just days before the close of Q2 2025, fueling speculation about the company’s recent performance. The departure follows a challenging period for the EV giant, marked by declining sales across key…

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High-Profile Departure Rocks Tesla: Key Musk Confidant Steps Down

High-Profile Departure Rocks Tesla: Key Musk Confidant Steps Down

High-Profile Departure Rocks Tesla: Key Musk Confidant Steps Down In a significant development for the electric vehicle giant, Tesla has confirmed the departure of a top executive, widely regarded as a crucial ‘fixer’ for CEO Elon Musk. The unnamed executive played an instrumental role behind the scenes, navigating complex challenges and often acting as a vital intermediary for Musk within the company’s often tumultuous environment. While details surrounding the executive’s exit remain scarce, industry watchers are already speculating on the…

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