News

Honda Braces for a $4.4 Billion Tariff Bill
Tariffs could cost Japan's second-largest automaker up to 650 billion yen this financial year—equivalent to $4.4 billion and almost half last year’s profit. Reporting results Tuesday, Honda forecast a ...
Trump tariffs may accelerate restructuring of already struggling Japan auto industry
Nissan Motor Co. is struggling to draw a path to recovery as the major Japanese automaker recently announced a plan to ...
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Tariffs to add $2K-$15K to cost of making vehicles, study finds
An East Lansing consultant group categorizes impact in three tiers, with Mercedes, Land Rover and Ford Mach-e among models ...
Economists estimate new tariff costs to range between $2,000 to $12,000 per vehicle
Anderson Economic Group has done the math based on the amended tariff policy from the White House and here is how it will ...
Nissan to cut 20,000 jobs as Trump's tariffs complicate plans to escape its financial crisis
The beleaguered Japanese giant said on Tuesday it would cut 20,000 jobs and close seven factories by 2027 as it slips deeper ...
Honda postpones $15B of electric vehicle investments in Ontario
Honda Canada is postponing a $15-billion electric vehicle investment project in Ontario, including a proposed EV battery ...
Trump tariffs live updates: Trump's pause on China tariffs still a 'nightmare' for small businesses
The move by the Trump administration to lower tariffs on goods from China to 30% from 120%, still offers limited reprieve for ...
Toyota makes a disturbing announcement about tariffs
Some companies have not spoken out about what tariffs are costing them, but they have announced some changes in the pricing ...