Oct 2, 2025 | Detroit, Featured, Tariffs, Trucks
Speaking on CNBC’s Squawk Box Tuesday, Ford CEO Farley said: “This is a really big deal for our country, and for Ford. “We make all of our heavy duty trucks in America. We have a lot of competition from overseas. A 25 percent tariff will be a really...
Sep 3, 2025 | Auto Industry, Europe, Featured, Tariffs
Germany’s once unshakable automotive industry is starting to show visible cracks, with new figures highlighting just how much pressure the sector is under. In the past year alone, the workforce has shrunk by 7 percent, while profits slide and overcapacity weighs...
Aug 21, 2025 | Electric Vehicles, Rail, Tariffs
The U.S. Commerce Department said on Tuesday it is hiking steel and aluminum tariffs on more than 400 products including wind turbines, mobile cranes, appliances, bulldozers and other heavy equipment, along with railcars, motorcycles, marine engines, furniture and...
Aug 7, 2025 | Auto Industry, Featured, Tariffs
President Trump’s tariff war has inflicted almost $12 billion of losses on global automakers, the biggest hit they have faced since the pandemic. The scary reality: This may be just the beginning. Beyond the continuing cost of tariffs, automakers in the U.S., Japan,...
Aug 6, 2025 | Tariffs, Transit, US Economy
The cost of new transit buses soared 68% from 2021 to today, Soubry said, with the average selling price for heavy-duty transit buses up 2.7% year-over-year. “We were directly impacted by tariffs on the imports of steel and aluminum to the U.S. and Canada”...
Jul 31, 2025 | Auto Industry, Detroit, Featured, Tariffs
Mike Musheinesh, owner of Detroit Axle, said the 72.5% tariffs on imported goods have significantly increased costs, forcing the company to pay $725,000 in tariffs for every $1 million worth of goods imported. “There was a possibility of a 40/50% reduction in sales so...
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