Ford paid $2 billion in tariffs in 2025 and expects to spend about the same amount in 2026, the Wall Street Journal reported Tuesday (Feb. 10). Last year’s total was higher than the company expected, according to the report. Ford had expected a tariff-relief program announced in October to be...
Tariff risks and uncertainty have become systemic to businesses. Over 2,000 publicly traded companies in the United States mentioned tariffs during their quarterly earnings calls this year, the most in recorded history, The Wall Street Journal reported. According to estimates from JPMorgan, the average effective...
Alphabet’s Waymo autonomous vehicle division is exploring a collaboration with Toyota to develop an autonomous vehicle platform that would bring self-driving technology to personally-owned cars. The partnership, which would also include Toyota’s innovation arm Woven by Toyota, would accelerate the development of autonomous and driver-assisted...
General Motors is having “very productive” conversations with the Trump administration regarding the new 25% automotive tariffs, according to CEO Mary Barra. During a fireside chat at the Semafor World Economy Summit 2025 on Wednesday (April 23), the veteran automotive executive said that the automaker...
October 02, 2025
Tariff risks and uncertainty have become systemic to businesses. Over 2,000 publicly traded companies in the United States mentioned tariffs during their quarterly earnings calls this year, the most in recorded history, The Wall Street Journal reported. According to estimates from JPMorgan, the average effective tariff rate in the U.S. now stands at nearly 16%, […]
April 04, 2025
There are days when a plunge in the markets clears the air, and when sweeping global policy changes — from the top down, via the office of the president —...
January 14, 2025
The U.S. government’s impending ban on certain car parts from China and Russia, particularly those critical for connectivity and vehicle autonomy, is raising concerns across the automotive industry. Automakers, including...
July 05, 2024
As U.S. consumers take to the road this summer, the state of electric vehicles hangs in the balance and the payments industry grapples with the issues that will provide the...
February 10, 2026
Ford paid $2 billion in tariffs in 2025 and expects to spend about the same amount in 2026, the Wall Street Journal reported Tuesday (Feb. 10). Last year’s total was higher than the company expected, according to the report. Ford had expected a tariff-relief program announced in October to be retroactive back to May, but the automaker learned in December […]
March 05, 2025
Cars from Canada and Mexico imported into the United States through the U.S.-Mexico-Canada Agreement (USMCA) will be exempted for one month from the tariffs imposed on the countries Tuesday (March...
February 04, 2025
General Motors is reportedly cutting 1,000 jobs in its Cruise business unit after a previously announced decision to stop funding its robotaxi project. The cuts amount to almost half of...
January 17, 2025
General Motors agreed to a proposed order to resolve Federal Trade Commission allegations that it collected, used and sold data from connected cars without drivers’ knowledge or consent. The information...