Tariffs and EV slowdown drag down profit forecast Porsche is bracing for one of its most difficult years in recent memory. The German sports car maker warned it now expects profit margins to dip into the single digits — between 6.5% and 8% — a significant drop from its earlier forecast of at least 10%. […]
Toyota and Waymo form a powerhouse dynamic Toyota has reached a preliminary agreement to partner with Waymo, considered the world’s leading robotaxi company, to accelerate the deployment of advanced self-driving tech for personal use via a new autonomous vehicle platform. The collaboration also includes Toyota’s subsidiary, Woven, which specializes in software and mobility innovation. Waymo […]
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 […]
