Volkswagen Group has reported its second-quarter financial results, and it’s not good news. Operating profits from April to June were down a whopping 29.4 percent, with the automaker facing increased pressure from the US’s new tariffs. They have cost the company €1.3 billion ($1.5 billion at today’s exchange rate) through the first six months of … Read more
General Motors on Tuesday released its financial results for the second quarter of 2025, revealing a $1.1-billion drop in revenue year-over-year. The drop was blamed squarely on tariffs, with the company expecting even more revenue shortfalls as the year goes on. Executives like CEO Mary Barra and CFO Paul Jacobson still seemed to be in … Read more
Ford on Wednesday issued a recall for 694,271 vehicles over potentially leaking fuel injectors. The recall covers 2021-2024 Bronco Sport and 2020-2022 Escape models equipped with Ford’s 1.5-liter three-cylinder engine, and supersedes two previous recalls that attempted to address the issue. Per Reuters (via Automotive News), Ford says the recall will cost around $570 million. Ford is … Read more