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Tesla stock dips as second-quarter earnings reduce investor confidence

Automotive / Automotive News /

Tesla shares tumbled Thursday after its latest earning results knocked the wind out of investors' confidence in Elon Musk's electric vehicle maker.

The company has been facing intense competition, cooling consumer interest and a reduction of the government incentives that made buying EVs more affordable.

Musk, the chief executive, broadcast ...Read more

Henry Payne/The Detroit News/TNS

Winners, losers, movers: Highlights of US auto sales six months in

Automotive / Automotive News /

There's never a dull moment in the U.S. market as automakers hustle to divine consumer trends, navigate federal regulations, juggle tariff-driven plant production, and dodge activist Molotov cocktails.

The first six months of 2025 saw robust sales on track for an annual 16.3 million in unit sales as gas prices dropped and tariffs rose. America�...Read more

The US has long wanted to sell more cars in Asia. Do Asian consumers want them?

Automotive / Automotive News /

In the early 2000s, an observant driver might have noticed an unusual sight on South Korean streets: Some of the police cars were American-made Ford Tauruses.

Although South Korean patrol cars were normally supplied locally by Hyundai or Kia, the Tauruses were there as a goodwill gesture from the South Korean government, which bought 100 of ...Read more

GM reports $3 billion in profits between April and June

Automotive / Automotive News /

General Motors Co. brought in $3 billion in adjusted pre-tax earnings between April and June, the company announced Tuesday.

GM said earnings in the second quarter reflect a more than $1 billion hit from President Donald Trump's tariffs, "reflecting minimal mitigation offsets." For comparison, GM earned close to $3.5 billion in the first three ...Read more

Clarence Tabb Jr./The Detroit News/TNS

Ex-UAW President Ray Curry calls on Reuther Administration Caucus, criticizes current leaders

Automotive / Automotive News /

Former United Auto Workers President Ray Curry accused the current union's leadership of "fear, intimidation and retaliation" in a letter sent to retired officers and regional directors seeking interest in a video call on the future of the Reuther Administration Caucus a year out from the next Constitutional Convention.

The letter obtained by ...Read more

Daniel Mears, The Detroit News/The Detroit News/TNS

Stellantis reports $2.7 billion loss thanks to tariffs, restructuring, slow sales

Automotive / Automotive News /

Stellantis NV reported a preliminary loss of $2.7 billion (2.3 billion euro) for the first half of this year amid President Donald Trump's tariffs and as the global automaker's sales continued to sputter.

The early results — a full earnings report comes July 29 — show how the transatlantic parent of Jeep, Ram and Fiat remains deep in ...Read more

Robin Buckson/The Detroit News/TNS

Some fear Chinese automakers' playbook is existential threat to US auto industry

Automotive / Automotive News /

DETROIT — Aggressive component-sharing efforts have contributed to lower cost structures at many Chinese automakers, and there's an increasing push for Western automakers to catch up.

The strategy stretches from internet-connected vehicle technologies and electric vehicle powertrain systems to actuators and even engines that once defined ...Read more

Robin Buckson/The Detroit News/TNS

Slate shows its bare-bones, 'mid-$20s' EV truck at Detroit summit

Automotive / Automotive News /

DETROIT — Slate Auto, the Michigan electric vehicle startup backed by Amazon founder Jeff Bezos, has publicly touted a starting price for its pickup of "under $20,000" since coming out of stealth mode in April.

But that was before President Donald Trump's big tax and domestic policy bill was signed into law on July 4, halting the $7,500 tax ...Read more

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Motormouth: Chimes and tracks?

Automotive / Automotive News /

Q: To address the recent column regarding “Car chimes over railroad tracks,“ I've noticed a chime about 20-50 yards before railroad tracks. The warning occurs only when I have Waze on. This does differ a bit from the recent article stating the chimes occur when crossing tracks, suggesting that the writer’s experience might be different ...Read more

Clarence Tabb Jr./The Detroit News/TNS

Trump's auto loan tax break could save working class buyers thousands, experts say

Automotive / Automotive News /

WASHINGTON — A Trump-backed tax holiday on auto loan interest payments could save middle-class Americans several hundred dollars apiece on new U.S.-built vehicle purchases through 2028, according to industry experts.

The break comes via a provision in the Republicans' One Big Beautiful Bill Act, a massive tax cut and spending package signed ...Read more

Henry Payne, The Detroit News/The Detroit News/TNS

Auto review: Plug-in face-off, Range Rover Sport vs. Volvo XC90

Automotive / Automotive News /

OAKLAND COUNTY, Michigan — If you FOMO on BEVs but still must emit CO2 for trips, PHEV may be your GOAT.

Translation: Plug-in Hybrid Electric Vehicles (PHEV) are the new fashion statements as luxury customers face the drawbacks of BEVs (battery electric vehicles) yet still require electric for moral or convenience reasons. Two of the latest ...Read more

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Auto review: 2025 McLaren Artura Spider is the six-figure cure for your midlife crisis

Automotive / Automotive News /

If the world of automotive engineering is a symphony, then McLaren is surely its lead violinist — sharp, precise, and at the front of the pack. Enter the 2025 McLaren Artura Spider, a drop-top interpretation of the brand’s plug-in hybrid supercar.

This isn’t just a roofless Artura. No, this is McLaren flexing its engineering muscle and ...Read more

Marc Grasso/Boston Herald/TNS

Auto review: 2025 Volvo EX40 delivers compact luxury perfectly

Automotive / Automotive News /

As the electric vehicle market is still in full swing, Volvo rises to the top with the release of its compact SUV, the EX40. This year, Grasso’s Garage has tested the XC60 and XC90 in both hybrid forms and absolutely loved everything about them. The EX40, a full electric compact SUV, was certain to be a fun one.

On the interior, we noticed ...Read more

Dreamstime/Dreamstime/TNS

Tesla failed to stop Autopilot misuse, safety expert testifies

Automotive / Automotive News /

Tesla Inc. hasn’t done enough to protect against drivers misusing its Autopilot system, a safety expert testified at a trial over a 2019 fatal collision.

Mary “Missy” Cummings, an engineering professor at George Mason University, told jurors in Miami federal court that the Tesla owner’s manual, which contains critical warnings about how...Read more

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Motormouth: RPM or RPMs?

Automotive / Automotive News /

Q: I'm writing about your recent column where you answered a PHEV break-in period question. Oh, no: You wrote "...2,000 and 4,000 RPMs."

"RPM" is already plural! Revolutions per minute. Argh. As a mechanical engineer, I see this all the time, even in technical literature; it's an epidemic! Thanks for your consideration and your great column.

...Read more

WEBWIRE PRESS RELEASE/TNS

Stellantis brings back sales leader Stoicevich to work with dealers

Automotive / Automotive News /

Stellantis NV's new CEO Antonio Filosa continues to tweak his North American leadership team, with the latest move bringing back veteran sales executive Jason Stoicevich to work with regional dealers.

Stoicevich had briefly been the American sales chief last year before departing for personal reasons. After a stint as a vice president at ...Read more

Jonathan Weiss/Dreamstime/TNS

Nearly 600 Daimler Truck workers affected by layoffs in N. Carolina

Automotive / Automotive News /

Nearly 600 manufacturing Daimler Truck North America employees are temporarily losing their jobs in the Charlotte, North Carolina, region.

Daimler Truck North America is temporarily laying off 573 workers update in Gaston County, according to a N.C. Worker Adjustment and Retraining Notification Act report filed Friday with the North Carolina ...Read more

General Motors/General Motors/TNS

GM, LG Energy Solutions to make cheaper EV batteries at Tennessee site

Automotive / Automotive News /

New, cheaper batteries for electric vehicles will be made in Tennessee as part of a partnership between General Motors Co. and LG Energy Solution, the companies said Monday.

Ultium Cells LLC, a joint venture between GM and LGES, plans to upgrade its Spring Hill, Tennessee, plant later this year to produce lithium iron phosphate cells beginning ...Read more

Ford Motor Co./Ford Motor Co./TNS

Ford, German union strike deal for job protection, voluntary reductions in Cologne

Automotive / Automotive News /

Ford Motor Co. has struck a deal with a German labor union that includes protections for more than 10,000 workers at its Cologne plant and voluntary job reductions as the Dearborn automakers struggles with selling electric vehicles in Europe.

Ford has approved the negotiation results that would offer job security to its employees, and IG Metall...Read more

Stellantis/Stellantis/TNS

Chrysler at 100: Does it have a future?

Automotive / Automotive News /

Maybe you didn’t notice, but Chrysler celebrated its centennial last month.

Of course, unless you’re considering the purchase of a 2025 Chrysler Voyager or Pacifica minivan, you probably haven’t thought about the brand much. In 2024, Chrysler sold 124,684 units, consisting of Pacifica and Voyager minivans alongside a handful of leftover ...Read more