If left in place, such high import duties would make Detroit's North American-centric business structurally unprofitable, warns Barclays investment bank.
Stellantis has introduced its latest step towards autonomous driving: STLA AutoDrive 1.0, a hands-free, eyes-off driving system that meets SAE Level 3 automation standards. The system, however, is currently limited to speeds of 37 mph and is not yet scheduled for commercial release.
Trump delivers speech to Congress, boasting achievements. ‘Tesla Takedown’ movement sparks nationwide protests and boycotts. Stellantis commits to ramping up U.S. manufacturing after one-month tariff exemption.
Top Stories Stellantis faces 70% profit drop but eyes recovery in 2025. Read More Musk’s politics and slumping sales drive Tesla stock down 25%. Read More Lucid CEO Peter Rawlinson steps down amid $397M Q4 loss.
Beijing said it is banning the U.S. biotech from [exporting gene sequencers to China](
A number of major carmakers, including Toyota, Stellantis, Mazda, and Subaru, "pooled" their emissions with EV makers Polestar and Tesla earlier this year, in an effort to comply with tougher European Union carobn emissions rules.
Tesla dealerships across the continent and the U.S. have been the object of protests and vandalism; consumers are also expressing their displeasure with their pocket books. The company's sales in Europe declined 50 percent in January year-over-year, data from car lobby ACEA shows.
President Donald Trump on Thursday paused tariffs on some products from Mexico and Canada, temporarily withdrawing major portions of a policy issued two days earlier. The one-month exemption will lift tariffs for all Canadian and Mexican goods compliant with United States-Mexico-Canada Agreement,
U.S. auto stocks are surging on news that President Donald Trump granted a one-month tariff exemption for motor vehicle manufacturers. Discover
A possible 25 percent levy on goods from Canada and Mexico is likely to raise the prices consumers pay for new cars and trucks, and disrupt complex supply chains.
Both automakers have recalibrated product plans after ousting CEOs who bet aggressively on EVs that consumers weren't ready to buy.
A number of major carmakers — including Toyota, Stellantis, Mazda, and Subaru — "pooled" their emissions with EV makers Polestar and Tesla earlier this year, in an effort to comply with ...