Tag:

Auto Industry

Hartford, CT
Business
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
Hartford, CT
Business
GM Suffers $1.1B Hit Because Of Trump's Tariffs GM Suffers $1.1B Hit Because Of Trump's Tariffs
GM Suffers $1.1B Hit Because Of Trump's Tariffs General Motors had a $1 billion hit over three months due to President Donald Trump's sweeping tariffs that have shaken the auto industry. GM reported a net income of $1.9 billion for the second quarter of 2025, down by about $1.1 billion from Q2 2024. Revenue slipped 1.8% to $47.1 billion. The automaker's North American operations were hit hardest, with profits falling nearly 46%. GM previously lowered its full-year outlook in May to account for a projected $4 billion to $5 billion tariff hit, which didn't change in the Q2 earnings report. Chief financial officer Paul …

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by Chris Spiker
Macungie-Alburtis-Emmaus, PA
Business
Volvo Slashing Up To 350 Macungie Jobs As Trump's Tariffs, Low Demand Rattle Automakers Volvo Slashing Up To 350 Macungie Jobs As Trump's Tariffs, Low Demand Rattle Automakers
Volvo Slashing Up To 350 Macungie 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
Arlington, VA
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
Ossining, NY
News
Unemployment Fears Hit 16-Year High As Trump's Tariffs Shake Consumer Confidence: Survey Unemployment Fears Hit 16-Year High As Trump's Tariffs Shake Consumer Confidence: Survey
Unemployment Fears Hit 16-Year High As Trump's Tariffs Shake Consumer Confidence: Survey Americans' concerns about rising unemployment are at their highest since the global financial crisis as President Donald Trump’s escalating tariffs and economic policies sink consumer confidence. Two-thirds of US consumers expect unemployment to increase over the next year, the University of Michigan's Surveys of Consumers said on Friday, Mar. 28. This marks the highest level of job market pessimism since 2009, reflecting widespread fears that economic uncertainty. Joanne Hsu, Michigan’s director of the surveys, said March's rising worries underscore mounting concerns across all d…

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by Chris Spiker
Ridgewood, NJ
Readers Choice
Best Auto Repair In Bergen County In 2024: Liberty Subaru Best Auto Repair In Bergen County In 2024: Liberty Subaru
Best Auto Repair In Bergen County In 2024: Liberty Subaru We are thrilled to announce that Liberty Subaru has been named Best Auto Repair in Bergen County in the 2024 Daily Voice Readers' Choice Awards! This family-owned dealership has been a trusted name in the community since 1977 and stands out for its commitment to delivering an exceptional customer experience, according to its website. Liberty Subaru technicians, per its website, are factory-certified and equipped with the latest tools to ensure your vehicle operates at its best. The 2024 Daily Voice Readers' Choice contest to name the Best of the Best in Bergen County began…

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by Daily Voice
Rockville, MD
Police & Fire
Teen Committed Commercial Burglaries With Young Children In Rockville, Police Say Teen Committed Commercial Burglaries With Young Children In Rockville, Police Say
Teen Committed Commercial Burglaries With Young Children In Rockville, Police Say In a startling incident, three boys between the ages of 11 and 13 have been charged in connection with two early morning burglaries at auto businesses in Montgomery County, police say. On Tuesday, Nov. 19, at approximately 1 a.m., officers responded to a burglary alarm at Superior Auto Service in the 12200 block of Wilkins Avenue, where they found a front window that was shattered and property missing. While investigating the first incident, officers received a second report of a burglary at RMA Transportation, also in the 12200 block of Wilkins Avenue, where there were employees present at…

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by Zak Failla
Patchogue-Medford, NY
Politics
Former Suffolk County Congressman, Gubernatorial Candidate Lee Zeldin Named To Trump's Cabinet Former Suffolk County Congressman, Gubernatorial Candidate Lee Zeldin Named To Trump's Cabinet
Former Suffolk County Congressman, Gubernatorial Candidate Lee Zeldin Named To Trump's Cabinet President-elect Donald Trump has selected former New York congressman and gubernatorial candidate Lee Zeldin to run the Environmental Protection Agency (EPA). In a statement on Monday, Nov. 11, Trump said Zeldin "will ensure fair and swift deregulatory decisions that will be enacted in a way to unleash the power of American businesses," adding that Zeldin will still maintain "the highest environmental standards." In a post on social media, Zeldin said, "It is an honor to join President Trump’s Cabinet as EPA Administrator. "We will restore US energy dominance, revitalize our auto indu…

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by Joe Lombardi
North Hunterdon, NJ
Obituaries
Beloved Warren County Native, Auto Industry Worker Peyton Taylor Dies Suddenly At Age 23 Beloved Warren County Native, Auto Industry Worker Peyton Taylor Dies Suddenly At Age 23
Beloved Warren County Native, Auto Industry Worker Peyton Taylor Dies Suddenly At Age 23 Beloved Warren County native and auto industry worker Peyton P. Taylor died suddenly on Nov. 28 at the age of 23. Born in Denville, Taylor lived in Great Meadows before graduating from Asheboro High School in North Carolina, his obituary says. Taylor worked as a counter person for the Maserati parts department and was known for his love of racing and cars, his memorial says. Taylor also had a passion for working on computers and was of the Baptist faith. More than $10,400 had been raised on a GoFundMe for Taylor’s funeral expenses (under the name Peyton Tilney) — though new donations wer…

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by Valerie Musson
Brentwood, NY
News
Hyundai Recalls 82K Vehicles Due To Battery Fire Risk Hyundai Recalls 82K Vehicles Due To Battery Fire Risk
Hyundai Recalls 82K Vehicles Due To Battery Fire Risk Hyundai is recalling tens of thousands of electric cars across the globe to replace batteries following more than a dozen reports of fires breaking out in vehicles in what is believed to be one of the most expensive auto recalls in history. Approximately 76,000 Kona EVs manufactured between 2018 and 2020 and thousands of Ioniq EVs and electric buses built between November 2017 and March 2020 are subject to the recall due to reported fires related to the vehicles’ electric battery packs. In total, approximately 82,000 vehicles are being recalled, which is expected to cost Hyundai approximate…

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by Zak Failla
New City, NY
Obituaries
Services Scheduled For Owner Of West Nyack Auto Shop Shot, Killed In Dispute At Business Services Scheduled For Owner Of West Nyack Auto Shop Shot, Killed In Dispute At Business
Services Scheduled For Owner Of West Nyack Auto Shop Shot, Killed In Dispute At Business Funeral arrangements have been set for Youbens Joseph, the owner of a West Nyack auto shop who was shot and killed during a business dispute.A wake will be held from 7 p.m. to 9 p.m. on Friday, Dec. 7 at French Speaking Baptist Church at 80 N. Madison Ave. in Spring Valley, and a funeral service will be held at the same location at 9 a.m. Saturday, Dec. 8, according to officials with Joseph W. Sorce Funeral Home in West Nyack. Joseph will be laid to rest at 11:30 a.m. Saturday at Brick Church Cemetery at 220 Brick Church Road in Spring Valley. Joseph, 37, of Middletown, was s…

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by Kathy Reakes