President Donald Trump has spared vehicle manufacturers and some auto part suppliers from sweeping new “reciprocal” tariffs announced today. Both remain subject to 25% tariffs announced in March. +
The S&P 500 suffered a 5.8% decline, making March the stock market index’s worst month since December 2022 as concerns mount over Trump administration tariffs on imported goods. +
Nikola founder and former CEO Trevor Milton says he has been pardoned by President Donald Trump, escaping a four-year federal prison sentence and $1 million fine. +
President Donald Trump said Speaker Mike Johnson is crafting a policy that would allow Americans who take out loans for U.S.-built vehicles to deduct the interest from their taxable income. +
President Donald Trump announced increased tariffs on new vehicles and some parts imported for sale into the United States, effective April 3, a move experts say will raise prices and reduce sales and production. +
Edmunds analysts tell Reuters that Tesla vehicles accounted for 1.4% of all vehicles traded in at U.S. dealerships from Jan. 1 to March 15, up a full percentage point from March of 2024, as the EV maker faces declining sales and stock values. +
Registrations of new Teslas fell 11% year-over-year in January and lost 12 percentage points in U.S. market share. But the EV maker's stock value improved by 7.6%, partially offsetting a steep decline. +
President Donald Trump plans to purchase a Tesla in support of Elon Musk, the EV maker’s CEO and a senior White House advisor, in the face of protests, incidents of vandalism and a declining stock value. +
Edmunds reports the U.S. auto finance market demonstrated stability in the face of uncertainty in February, with modest increases in loan cost, amounts financed, payments and terms. +
President Donald Trump has granted a one-month exemption to steep new tariffs on goods imported from Canada and Mexico for U.S. automakers, demanding a shift toward U.S. production in return. +
