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Trump Tariffs Hit Ford Harder Than Foreign Rivals, US Automaker Says Trump Tariffs Hit Ford Harder Than Foreign Rivals, US Automaker Says
Trump Tariffs Hit Ford Harder Than Foreign Rivals, US Automaker Says The automaker that builds more cars in the US than any other company says it may actually be hurt more by President Donald Trump's tariffs than foreign manufacturers. Ford said it's at a disadvantage compared to companies based in the European Union, Japan, and South Korea, The Wall Street Journal reported. Trump has set the tariff rate for those nations at 15%, significantly lower than the broad 25% duty on autos and light trucks that began in the spring. The 15% duties are the newest in Trump's rapidly changing tariff policies, with the latest rates going into effect on Friday, Aug. 1. Be…

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by Chris Spiker
Business
Volvo Slashing Up To 100 MD Jobs As Trump's Tariffs, Low Demand Rattle Automakers Volvo Slashing Up To 100 MD Jobs As Trump's Tariffs, Low Demand Rattle Automakers
Volvo Slashing Up To 100 MD Jobs As Trump's Tariffs, Low Demand Rattle Automakers Up to 800 workers are being laid off at Volvo plants across the mid-Atlantic as concerns grow about the US auto industry due to President Donald Trump's tariffs. Volvo Group North America will lay off 550 to 800 employees, a company spokesperson confirmed to the Daily Voice on Friday, April 18. The layoffs will happen at plants in Maryland, Pennsylvania, and Virginia. The Swedish automaker cited the need to adjust to worsening economic conditions. "Heavy-duty truck orders continue to be negatively affected by market uncertainty about freight rates and demand, possible regulatory chang…

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by Chris Spiker
Business
Panic Buying Shrinks US Vehicle Supply As Trump's Tariffs Set Up Summer Price Hikes Panic Buying Shrinks US Vehicle Supply As Trump's Tariffs Set Up Summer Price Hikes
Panic Buying Shrinks US Vehicle Supply As Trump's Tariffs Set Up Summer Price Hikes The US supply of new and used vehicles is quickly declining after car shoppers rushed to make purchases before President Donald Trump's sweeping tariffs shook the auto industry, setting the stage for a costly summer. New-vehicle stock fell to 2.69 million units by Tuesday, April 1, according to auto data company Cox Automotive. That was down 10.2% from the start of March and 2.4% lower than the same time in 2024. Buyers flooded showrooms in the final week of March, driven by seasonal trends and fears of price hikes tied to Trump's rapidly changing tariffs. "With import tariffs no…

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by Chris Spiker
Business
Trump Pauses Auto Tariffs Amid Trade War Fallout With Canada, Mexico Trump Pauses Auto Tariffs Amid Trade War Fallout With Canada, Mexico
Trump Pauses Auto Tariffs Amid Trade War Fallout With Canada, Mexico President Donald Trump is giving US automakers a brief delay on tariffs imposed against Canada and Mexico as trade war tensions escalate and concerns rise domestically about the economy. The pause was confirmed at a news briefing by White House Press Secretary Karoline Leavitt on Wednesday, Mar. 5. The move came one day after Trump officially placed 25 percent tariffs on Canadian and Mexican goods while raising tariffs on Chinese imports to 20 percent. The country's "Big Three" automakers — Stellantis (formerly Chrysler), Ford, and General Motors — talked with Trump abou…

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by Chris Spiker
Business
More Than 1M Dodge Ram Pick-Up Trucks Being Recalled Due To Faulty Tailgates More Than 1M Dodge Ram Pick-Up Trucks Being Recalled Due To Faulty Tailgates
More Than 1M Dodge Ram Pick-Up Trucks Being Recalled Due To Faulty Tailgates Nearly 1.5 million Dodge Ram models produced in the past three years are being recalled across the globe due to faulty tailgates that may unlatch and send cargo spilling onto roadways. Stellantis - formerly known as Fiat Chrysler - announced it will be recalling approximately 1.4 million pick-ups that include Ram 1500, Ram 2500, and Ram 3500 that were produced in the 2019 through 2022 model years. According to the auto giant, the striker plates on the recalled trucks may not be properly lined up to allow for the door to completely close. There have been no reported crashes or injuries repor…

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by Zak Failla
Business
'Do Not Drive' Warning Issued For Certain Dodge, Chrysler Vehicles Due To Exploding Airbags 'Do Not Drive' Warning Issued For Certain Dodge, Chrysler Vehicles Due To Exploding Airbags
'Do Not Drive' Warning Issued For Certain Dodge, Chrysler Vehicles Due To Exploding Airbags Owners of certain older Dodge and Chrysler models are being advised to keep them parked and avoid driving them after exploding airbags killed at least two more people. Stellantis - formerly known as Fiat Chrysler - issued a "Do Not Drive" warning to the owners of more than 275,000 older vehicles due to the Takata airbag, according to the National Highway Traffic Safety Administration (NHTSA). The warning covers approximately 276,000 model year 2005 through 2010 Dodge Magnums, Chargers, and Challengers, as well as model year 2005 through 2010 Chrysler 300s.  It comes after two people …

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by Zak Failla