Joseph Szczesny

AlixPartners estimates 80% of the tariffs' costs ultimately will go into the price of a new vehicle, raising its average price more than $1,700.

Facing an uncertain economic environment that threatens to undermine demand for retail sales, including new vehicles, the Federal Reserve Board voted to cut interest rates. But it's far from clear whether that will be enough to head off an automotive downturn many fear is being touched off by Trump administration policies, including tariffs on imported autos and auto parts. More from Headlight.News.

CEO Elon Musk says Tesla’s plans for new vehicles, particularly more affordable models, remain on track for first-half 2025.

A striking feature of this year’s talks was the union’s ability to win higher wages at a time when raises of any kind have been difficult to come by for most Americans, including those in relatively safe jobs, labor expert Harley Shaiken says.

The dispute grows out of a contested election this past April at the GM manufacturing complex and assembly plant in Silao, Mexico. The Mexican government set aside the results of that election, and the U.S. Trade Representative filed a complaint over the vote.

Car sales headed downward in April as gloomy economic news spawned by rising oil prices and higher inflation took the edge off the excitement of the traditional spring buying season. More from Headlight.News.

Stagnating demand in Western markets, the end of the ‘global car,' and the cost of electrification present automakers and suppliers with a triple conundrum, says AlixPartners' annual report on the state of the auto industry.

Sales of electrified vehicles helped keep the industry afloat in June and during the second quarter, with Korean brands, in particular, delivering record sales numbers.

Meanwhile, UAW President Shawn Fain has hailed Trump's tariffs even as he listens almost exclusively, according to critics, to a small circle of advisers tied closely to the Democratic Socialists of America.