Tariffs, Cox Automotive
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Several automakers including General Motors and Hyundai reported double-digit sales increases in the first three months of 2025 ahead of impending tariffs on auto imports.
From The Washington Post
Volkswagen said on Wednesday that its first-quarter sales jumped by 7.1% to 87,915 vehicles, driven by good performance for the Taos, Jetta and ID.4 models.
From Yahoo
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Liberal Leader Mark Carney is back in Ottawa today to deal with the fallout of new auto tariffs announced by U.S. President Donald Trump. Speaking to reporters on Wednesday, Carney said he was suspending his campaign plans for the day and would return to Ottawa to hold a meeting of the Canada-U.
The automotive industry is poised at a pivotal juncture as Donald Trump assumes the U.S. presidency, heralding an era that could redefine the landscape of U.S. car manufacturing. Automakers ...
U.S. President Donald Trump's announcement of a 25% tariff on auto imports rippled throughout the world on Thursday, as global carmakers warned of immediate price hikes and dealers raised fears of job losses in big auto-exporting countries,
The tariffs come as analysts warn that they could in fact affect the US car industry, as even domestic carmakers source their components from around the world, meaning that they could face higher costs and lower sales.
Calling the U.S. an unreliable partner, Prime Minister Mark Carney vowed Canada will retaliate if President Donald Trump moves ahead with his proposed auto tariffs next week and promised "economic autonomy" going forward.