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
Stellantis, parent company for industry giants like Jeep, Dodge, and Ram, made the bold move to suspend its full-year financial guidance back in April, citing uncertainties regarding tariffs. On Monday, the company revealed some preliminary estimates for the first half of 2025, now that the tariffs have begun to take effect. And the numbers aren’t … Read more
When President Trump unveiled his tariff plans on cars and car parts in April, he said, “you’re going to see prices go down.” Unfortunately, the reality is different. A new study from Cars.com on dealer inventory in the first half of 2025 indicates that the supply of new cars under $30,000 is slowing down. The study … Read more
Despite the failure of a merger between Nissan and Honda earlier this year, they have kept the lines of communication open. The two continue to collaborate on electric vehicles as Nissan faces an uncertain future, but the pair might have to enter a full-blown situationship due to Donald Trump’s tariffs. A new report from Nikkei … Read more