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GM Ends EV Tax Credit Plan and Offers Its Own Incentive

GM will give about $6,000 of its own cash for lease support and to keep EV sales going.

October 8, 2025

Investment Group Holds $161M Stake in Bankrupt First Brands

A fund controlled by a unit of Jefferies Financial Group sunk nearly a quarter of its $3 billion trade finance portfolio into receivables tied to auto parts supplier First Brands Group.

October 8, 2025

Mexico Risks New Tariff Hit on $15 Billion of Truck Exports

Mexican officials vowed to push back against new tariffs the Trump administration is planning on heavy trucks, yet another hurdle the U.S. is throwing in front of its southern neighbor.

October 8, 2025

DOE Ends $7.5 Billion in Grants for Biden-Approved Projects

The Department of Energy terminated $7.5 billion in grants for 223 projects approved by the Biden administration including Paccar Inc.’s SuperTruck 3 program and two hydrogen hubs.

October 7, 2025

Tesla Unveils Cheaper Versions of Model Y SUV, Model 3 Sedan

Tesla introduced new versions of its top-selling models priced at under $40,000, making its main vehicles more affordable to counteract the loss of U.S. incentives for electric cars.

October 7, 2025

Trump Approves Alaska Road Project, Stake in Trilogy Metals

President Donald Trump on Oct. 6 ordered approval of a proposed 211-mile road through an Alaska wilderness to allow mining of copper, cobalt, gold and other minerals.

October 7, 2025

Trump Delays US Tariffs on Heavy-Truck Imports to Nov. 1

President Donald Trump said 25% duties on medium- and heavy-duty trucks would begin Nov. 1, the latest expansion of his tariff regime aimed at protecting domestic industries.

October 6, 2025

German Carmakers Receive EV Tax Boost Before Summit With Merz

Germany’s ruling coalition confirmed it will extend a tax exemption for new EVs as part of a broader effort to support the nation’s key car industry in the transition to more climate-friendly technologies.

October 6, 2025

Stellantis Plans $10 Billion in US Investments, Reports Say

Stellantis is focused on reclaiming the success of the Jeep brand and considering fresh investment into Dodge, which could result in a new Dodge V8 muscle car, and possibly the Chrysler brand.

October 6, 2025

Volvo Spots Down Cycle Opportunities Amid VNL Launch

Volvo Trucks North America believes its recently redesigned VNL over-the-road model includes features that can help customers navigate the industry’s challenging market dynamics.

October 3, 2025