In an unprecedented shift, automakers are completely giving up trying to predict profit and loss for 2025 We already know tariffs have automakers reeling, but it’s becoming even more apparent that the auto industry is headed for uncharted waters. Some automakers — namely GM, Mercedes-Benz, and Stellantis — have all released independent statements that essentially […]
The car is barely one month old and Toyota has already delivered 10,000 units On launch, some were skeptical that Toyota’s $15,000 electric SUV would sell well, despite taking just under an hour to amass 10,000 preorders. Toyota has made good on those preorders, delivering all 10,000 to customers, and claims it has another 12,000 […]
Musk isn’t leaving any time soon, says Board Chair A key executive at Tesla has hit back on social media in response to a scathing Wall Street Journal report that alleged the worst fate for its CEO, Elon Musk, calling the report published late on April 30 “absolutely false.” In the report, “people familiar with […]
It’s not all about EVs These days, electrification is becoming the name of the game in the auto industry, as it seems that almost every major automaker from BMW, Honda, Toyota and even Porsche and Lamborghini is dipping its toes into producing EVs, or cars that create lower emissions through the use of batteries and […]
Slate plans to have upward of 150,000 vehicles roll off its lines every year When it recently emerged from stealth startup mode, the Slate truck captured the attention of the auto industry for all the right reasons. Now, in an attempt to help “re-industrialize” the United States, Slate is confirming it will manufacture its vehicles […]
The classic British luxury SUV is going electric With intriguing full-size, fully-electric SUVs entering the market, such as the Mercedes-Benz G580 with EQ Technology and the Cadillac Escalade IQ, Land Rover will have some serious competition on their hands when they finally debut their all-electric Range Rover, so it seems wise that they’ve taken their […]
A module mishap puts Miatas on ice The 2025 Mazda MX-5 Miata rollout has hit a serious snag. Mazda confirmed last week that it has temporarily suspended deliveries of its beloved roadster due to a potential issue with a vehicle control module (VCM). While the company hasn’t specified exactly which module is affected, some buyers […]
Profit losses caused by tariffs are not a new trend Early on April 30, German luxury automaker Mercedes-Benz posted its first-quarter results for 2025, announcing lower profit margins and sales led by its passenger car and van divisions amid uncertainty due to the tariff-led environment in which it now exists. Sales of Merc’s cars and […]
New York could open the door to direct EV sales for automakers other than Tesla A New York Senator has introduced a bill that would eliminate a legislative waiver allowing Tesla to operate five showrooms in the state independently, instead of selling vehicles through franchised dealerships. In 2014, New York state passed a law barring […]
Trump gives automakers some tariff relief for domestic production President Trump has signed an executive order easing the impact of his 25% tariffs on vehicle imports, which took effect April 3, and auto parts, which is scheduled to begin on May 3. The new legislation states that 25% tariffs will remain on all vehicle imports […]
