GM CEO warns Trump’s tariffs will cost automaker up to $5B
General Motors on Thursday cut its full-year forecast significantly as CEO Mary Bala warned of “current tariff exposure of $4 billion.” [to] $5 billion. ” The company, which owns brands including Chevrolet, Buick and Cadillac, faces a 25% fee for importing foreign vehicles, and expects profits of between $10.2 billion and $10.1 billion from previous […]
Automaker Could Shift Production Out Of Mexico Due To Trump Tariffs
The Pro Trump News homepage has 60 new headings every 24 hours. Click here to check. Donald Trump's tariffs could cause Nissan to move car production from Mexico. Nissan CEO Inno said, “We need to be prepared for this. If this is a decision, we may be able to move production of these models elsewhere.” […]
Major US Automaker Mum After Pentagon Labels Chinese Business Partner As National Security Threat
Ford has not yet mentioned that the Pentagon on Monday designated a Chinese business partner, a battery maker called CATL, as a Chinese military company. The Department of Defense (DoD) has official list This is a company that the Department of Defense has determined contributes to China's military facilities, or that owns, controls, or provides […]
Nissan And Honda To Merge, Forming World’s Third-Largest Automaker
Nissan Motors CEO Makoto Uchida (left), Honda Motors CEO Toshihiro Mibe (center), and Mitsubishi Motors President Takao Kato (right) attend a joint press conference in Tokyo on December 23, 2024. Nissan and Honda announced that they have begun merger talks with the aim of creating the world's third-largest auto group to compete with rival EV […]
Nissan, Honda expected to announce plans to merge, creating world’s No. 3 automaker
Japanese automakers Honda and Nissan have announced plans to join forces to form the world's third-largest automaker by sales, as the industry undergoes dramatic changes in its transition away from fossil fuels. The two companies signed a memorandum of understanding on Monday, announcing that Mitsubishi Motors, a smaller member of the Nissan Alliance, had also […]
Can Nissan survive? Automaker slashes US production as bankruptcy looms
The entire auto industry may be in trouble, but Nissan's prognosis is particularly dire, one that is measured in months rather than years. Sluggish sales, mainly in North America, have been a devastating blow to Japanese automakers. As a result, dealers sold cars at a loss and production was cut by 20%. Most recently, the […]
Major Automaker Exec Flatly Says Liberals’ EV ‘Mandates’ Are ‘Impossible’ To Meet
Toyota's North American chief operating officer Jack Hollis on Friday criticized U.S. policies to promote electric vehicles (EVs), according to Bloomberg. Toyota's chief operating officer (COO) says electric vehicle policy is a “de facto mandate” that is out of sync with consumer demand. According to To Bloomberg. Hollis also said it would be impossible to […]
‘Seas Have Gotten Very Rough’: Historic Automaker Weighs First Plant Closure Ever As China Encroaches On EV Market
Volkswagen (VW) AG is considering closing factories in Germany as European automakers struggle to compete with Chinese electric vehicle (EV) makers. The company has never closed a German factory in its 87-year history but is now considering its options as it faces slowing car sales in Europe and tough competition from Chinese electric vehicle maker […]
Automaker Stellantis Recalls Nearly 1.2 Million Cars Due to Software Glitch
Automaker Stellantis is recalling about 1.2 million vehicles due to a software glitch that the company says it can fix with an update. The recall affects vehicles in the United States and Canada, the Associated Press reported. report Tuesday. The issue stems from a problem that causes the vehicle’s rearview camera to stop working, but […]
Stellantis Joins Chinese Automaker to Sell Electric Cars with CCP Approval
Multinational automaker Stellantis is partnering with Chinese automaker Leap Motor to expand sales of electric vehicles (EVs) overseas. Tuesday, Stellantis announced The joint venture with Leapmotor will produce EVs for sale in Europe, the Middle East, Africa, India, Asia Pacific, and South America. “The creation of Leap Motor International is a major step forward in […]