Latest in GM's first quarter U.S. vehicle sales lead industry as automakers brace for tariffs
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GM's first-quarter U.S. vehicle sales lead industry as automakers brace for tariffs
General Motors and other automakers reported notable increases in their first-quarter U.S. vehicle sales, as the automotive industry braces for the impacts of President Donald Trump’s auto tariffs ...NBC News - 2d -
GM's first-quarter U.S. vehicle sales lead industry as automakers braces for tariffs
GM reported a 16.7% jump in U.S. sales compared to the first quarter of 2024, led my incremental gains in sales of new EVs and notable gains in full-size SUVs.CNBC - 1d -
Europe's pharma industry braces for tariffs as carve-out hopes fade
Europe's pharmaceutical sector is bracing for the potential impact of U.S. tariffs as hopes of an industry-wide exemption by President Donald Trump fade.CNBC - 1d -
BYD car sales soar as Tesla struggles in Europe
Chinese manufacturer sold just under 1mn passenger vehicles in first quarterFinancial Times - 2d -
Tesla reports 336,000 vehicle deliveries in first quarter, 13% drop from a year ago
Tesla reported 336,000 vehicle deliveries in the first quarter of 2025, a 13% decline from a year ago, two days after the electric vehicle company’s stock wrapped up its worst quarter since 2022.NBC News - 1d -
Trump tariffs jolt Asian automakers — Toyota likely set for most pain
U.S. President Donald Trump last Wednesday announced sweeping 25% tariffs on cars "not made in the U.S.," sending shockwaves through global automakers.CNBC - 2d -
Tesla decelerates as its vehicle shipments slid 13% in first quarter
Tesla is seeing softer demand for its electric vehicles amid protests over Elon Musk's government role at DOGE.CBS News - 1d -
Trump tariffs live updates: Canada announces counter tariffs on vehicles
Canada responded to Trump's tariffs and announced 25% tariffs on all U.S. vehicles that are not compliant with the United States-Mexico-Canada Agreement.ABC News - 1h -
Tesla reports 13% drop in first-quarter vehicle deliveries from a year ago
Tesla reported a 13% year-over-year drop in first-quarter deliveries two days after the company's stock wrapped up its worst quarter since 2022.CNBC - 1d -
After Trump Tariffs, Volkswagen to Add ‘Import Fees’ to Cars Sold in U.S.
The company’s move is one of the first and clearest examples of automakers using price increases to deal with the 25 percent tariffs President Trump imposed on car and auto parts imports.The New York Times - 18m -
Manhattan's luxury real estate market sees best first quarter in six years
Manhattan apartment sales rose 29% in the first quarter, and the total value of apartment sales in the city reached $5.7 billion, up 56%.CNBC - 1d -
With Trump's reciprocal tariffs looming, here are our stocks with the most U.S. sales
Three of our portfolio holdings derive 100% of their sales domestically.CNBC - 1d -
Apple Leads Tech Stock Sell-Off After Trump Tariffs, Falling 9 Percent
The company counts on the sale of devices for three-quarters of its nearly $400 billion in annual revenue, and it makes almost all of its iPhones, iPads and Macs overseas.The New York Times - 3h -
Trump's 25% auto tariffs are in effect. What investors need to know.
DETROIT — President Donald Trump’s 25% tariffs on imported vehicles to the U.S. have taken effect, but the impacts of the new levies on investors and the global automotive industry will play out ...NBC News - 4h -
Why Norway is edging towards a fresh EU membership bid
Also in this newsletter: Ireland’s pharma industry braces itself for Donald Trump’s tariffsFinancial Times - 3d -
There's no such thing as a fully American-made car
Trump has ruled out tariffs on vehicles built entirely in the U.S., but industry executives and analysts say there’s not a single one with all-domestic parts and assembly.NBC News - 2d -
Factory activity slumps as manufacturers brace for Trump tariffs
U.S. manufacturers are sounding worried about the Trump administration’s trade policies ahead of a hotly anticipated announcement on tariffs that’s expected from the White House on Wednesday. ...The Hill - 2d -
First-quarter GDP growth will be just 0.3% as tariffs stoke stagflation conditions, says CNBC survey
The Rapid Update, averaging forecasts from 14 economists for GDP and inflation, sees first quarter growth registering an anemic 0.3%.CNBC - 3d -
Tesla quarterly sales slump 13% amid backlash against Elon Musk
Drop is likely combination of ageing lineup, increased competition and backlash to Musk’s politics. Tesla reported a 13% drop in vehicle sales in the first three months of the year, making it the ...The Guardian - 1d -
Trump’s 25% auto tariffs are in effect. What investors need to know
CNBC breaks down what investors should know about how the additional levies will impact individual vehicles and automakers.CNBC - 6h -
Trump Says He ‘Couldn’t Care Less’ if Auto Tariffs Raise Car Prices in the U.S.
The president said he “couldn’t care less” if automakers raised prices in response to planned tariffs, reasoning that buyers would choose U.S.-made cars over foreign brands.The New York Times - 3d -
Ahead of Trump's auto tariffs, are U.S. consumers rushing to buy cars?
Some people in the market for a new vehicle are rushing to claim models on lots, as current inventory is not subject to tariff price hikes.CBS News - 2h -
Auto giants surprisingly resilient as sweeping U.S. tariffs spare Canada and Mexico for now
Shares of some of the world's biggest automakers appeared surprisingly resilient on Thursday.CNBC - 6h -
Businesses brace for new tariffs as Trump is set to unveil details
President Trump is set to announce new tariffs on potentially hundreds of U.S. trading partners in a Rose Garden ceremony at the White House on Wednesday. The White House press secretary says the ...NBC News - 1d -
Tariff-wary buyers scoop up vehicles before the 'storm' hits car prices
Consumers are hitting the gas on car purchases to head off expected price hikes from Trump’s new tariffs, which threaten to reverse recent momentum in auto sales.NBC News - 1d -
Why Tesla may avoid the blow of Trump's auto tariffs
Elon Musk’s focus on American-made products at Tesla could shield his company from the brunt of President Trump’s new tariffs on foreign vehicles and automobile parts. While foreign automakers ...The Hill - 1d -
GOP braces for potential defeat on Trump tariff bill
Senate Republicans are bracing for the passage of a bipartisan bill to undo President Trump’s 25-percent tariff against Canada, which would deal Trump an embarrassing setback on “Liberation Day,” ...The Hill - 1d -
Nintendo unveils high-priced Switch 2 console as Trump’s tariffs bite
New device will cost $449.99 in June release that games industry hopes will turbocharge salesFinancial Times - 1d -
Trump and Tariffs Enter the Scene Only Days Into Canada’s Election Campaign
Without advance notice to Canada, the U.S. president put the auto industry into turmoil with a 25 percent tariff.The New York Times - 3d -
Game industry leaders go head-to-head in GamesBeat’s Crossfire Lounge
Three head-to-head conversations, tackling the AI apocalypse, direct-to-player marketing and sales, and the state of the game industry.VentureBeat - 3d -
Apr 2: CBS News 24/7, 4pm ET
Michigan auto industry braces for Trump’s 25% tariffs on imported car and auto parts; Trump announces 10% tariff on all countries and additional specific reciprocal tariffs on “worst offenders”CBS News - 2h -
Trump’s Tariffs Leave Automakers With Tough, Expensive Choices
Carmakers are likely to face higher costs regardless of how they respond to President Trump’s 25 percent tariffs on cars and auto parts.The New York Times - 3d -
Missing U.S. soldiers' vehicle recovered from Lithuania swamp
A U.S. armored vehicle that went missing in a swamp Lithuania has been retrieved from a swamp after a six-day search but there's no word on the four American soldiers in it, Lithuanian officials say.CBS News - 3d -
Stellantis announces hundreds of U.S. layoffs, pauses production at Mexico and Canada plants
The maker of Chrysler, Jeep and Ram vehicles said it's temporarily laying off 900 workers after President Trump's tariff announcement.NBC News - 6h -
3 U.S. Soldiers Found Dead in Lithuania After Their Vehicle Sank in a Swamp
The soldiers were in a vehicle that became trapped in a bog during a training mission last week. A fourth soldier was still missing.The New York Times - 2d -
Elon Musk Backlash Turns Into Global Sales Slump for Tesla
Mr. Musk’s involvement in right-wing politics contributed to a 13% drop in deliveries in the first quarter, including steep declines in E.V.-friendly places like Norway.The New York Times - 1d -
Wall Street Bet Big on America. Then Q1 Happened
U.S. stocks just had their worst first quarter since 2022.Inc. - 2d -
Auto Sales Surged in Anticipation of Trump’s Tariffs
Sales of cars picked up recently partly as buyers rushed to lock in deals before President Trump’s 25 percent tariffs on cars and auto parts go into effect.The New York Times - 18h -
Search for Missing US Soldiers in Lithuania Continues as Crews Work to Extract Vehicle
The search in dense, muddy swampland came after the U.S. Army vehicle disappeared in a waterlogged area on Tuesday.The New York Times - 6d