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Automotive: Page 20

GM Says Tariffs Cost $1.1B in Q2
In June, GM announced plans to invest $4 billion over the next two years into three U.S. auto plants in Michigan, Kansas, and Tennessee.
Photo: iStock / JHVEPhoto
Stellantis Says Tariffs Contributed $350M to 2025 First-Half Losses
Although Stellantis has manufacturing plants in the U.S., it also manufactures vehicles in the U.K., Europe, Canada, Mexico and South America.
Photo: iStock / jetcityimage
Iveco Is Said to Draw Takeover Interest From India’s Tata Motors
A sale of Iveco would not include the company’s defense business, which is going through a sale process of its own.
Trucks on the Iveco Group NV booth at the IAA Transportation fair in Hannover, Germany. Photographer: Krisztian Bocsi/Bloomberg
Chinese Adds EV Battery Tech to Export Restriction List
The new restrictions on EV battery tech arrive as the EU has continued to press Chinese automakers to set up manufacturing in Europe.
Photo: iStock/kynny
Nissan to Shutter Flagship Factory in Japan
The facility's 2,400 workers will remain in their current roles until the plant closes in 2028, with the company vowing to maintain communication with employees in the months to come.
Photo: iStock / joel-t
GM and LG to Outfit Tennessee Plant for Low-Cost EV Battery Production
The companies plan to start converting to LFP cell production by the end of 2025, and commence commercial production sometime in late 2027. 
Photo: iStock / JHVEPhoto
Daimler Truck Warns of Low U.S. Orders Due to Trade Policy Turmoil
Chief financial officer Eva Scherer said logistics companies have cut back on truck purchases amid a drop in shipments of tariff-hit goods such as steel and aluminum.
Haulage trucks loaded onto a train outside the Daimler AG truck factory in Woerth, Germany. Photographer: Alex Kraus/Bloomberg
Mercedes Car Sales Drop as Tariffs Crimp Demand in U.S., China
Mercedes’ global car sales fell 9% to 453,700 units from a year earlier, the German company said on July 7.
An employee fits a Mercedes-Benz AG star badge in Bremen, Germany. Photo: Bloomberg
BYD Shelves Plans to Build Major Mexico Car Plant Over Trump’s Trade War
The company remains interested in expanding in the Americas but has no timeline to make a new investment, BYD executive vice president Stella Li said.
Fatal for the competition? Photo: iStock/Robert Way
Trump’s Tariffs Come with an $82B Bill, Says JPMorganChase
The analysis is among the first to measure the direct costs created by the import taxes on employers with $10 million to $1 billion in annual revenue.
Image: iStock/Douglas Rissing
Trump Announces Vietnam Trade Deal with 20% Import Tariff
Some U.S. officials wanted to calibrate tariffs for Vietnam to ensure they’re sufficiently lower than what’s imposed on China, to encourage production to leave that country.
Vietnamese women working in silk factory, Dalat, Vietnam. Photo: iStock/fototrav
Tesla’s China Shipments Rise in June for First Time in 2025
While modest, the year-on-year increase may signal a turning point for the electric vehicle pioneer in China, where it’s navigating a relentless price war.
Tesla plant, Shanghai, China. Photo: Bloomberg
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