Republican Bill to End E.V. Tax Credit Could Hurt G.M. and Ford
Sales of electric vehicles have been rising in recent years, partly because of a $7,500 tax credit from the federal government that helps lower the...
Tag : Hyundai Motor Co
Trump’s Tariffs Are Already Reducing Car Imports and Idling Factories
President Trump’s 25 percent tariffs on imported vehicles, which went into effect last week, are already sending tremors through the auto industry, prompting companies to...
Trump tariffs jolt Asian automakers — Toyota likely set for most pain
Brand new Toyota cars are displayed on the sales lot at Hanlees Hilltop Toyota on March 4, 2025 in Richmond, California. Justin Sullivan | Getty...
CNBC Daily Open: Trump hints at softer tariffs, rallying markets
U.S. President Donald Trump greets members of the audience after signing a proclamation during a Greek Independence Day celebration at the White House on March...
South Korea’s Hyundai to announce $20 billion U.S. investment
The Hyundai display at the New York International Auto Show on March 28, 2024. Danielle DeVries | CNBC South Korean conglomerate Hyundai will announce a...
CNBC Daily Open: The Fed, concerned over Trump tariffs, might hold rates
Federal Reserve Chair Jerome Powell testifies before the Senate Banking Committee in the Hart Senate Office Building on Capitol Hill on February 11, 2025 in...
As Trump eyes more tariffs, South Korea remains safe haven for GM and Hyundai
President Donald Trump welcomes South Korea’s President Moon Jae-In at the White House in Washington, U.S., May 22, 2018. Carlos Barria | Reuters DETROIT —...
GM beats Wall Street estimates, forecasts another year of strong earnings in 2025
The GM logo is seen on the facade of the General Motors headquarters in Detroit on March 16, 2021. Rebecca Cook | Reuters DETROIT —...
EV, hybrid sales reached a record 20% of U.S. vehicle sales in 2024
New Tesla cars are displayed at a Tesla dealership on December 20, 2024 in Corte Madera, California. Justin Sullivan | Getty Images DETROIT — Sales...
Trump and Republicans Cannot Stop Electric Vehicles, Experts Say
To a large extent, the electric vehicle market in the United States runs on Democratic policies. There are federal tax credits for car buyers. Subsidies...