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Auto Blog
2 hours ago
- Auto Blog
Trump says Japan to import huge Ford F-150 trucks
By signing up I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . You may unsubscribe from email communication at anytime. Autoblog brings you car news; expert reviews and exciting pictures and video. Research and compare vehicles, too. The developments come just two years after the autoworker union secured landmark contracts with Detroit automakers. If your daydreams look more like blockbuster action movies, you're in luck. This LS3-swapped 1972 Chevy Chevelle is for sale right now on Exotic Car Trader. View post: Walmart Is Selling an 'Efficient' $220 Chest Freezer for Only $119, and Shoppers Say It 'Has Plenty of Room' The 2026 Corvette ZR1X has an official price as Chevrolet reveals the Quail Silver Limited Edition package. Seems Like Wishful Thinking For The Land Of The Kei Car President Donald Trump on Tuesday said Japan would import massive Ford F-150 pickup trucks following the most recent trade deal between the two countries. That seems unlikely considering Japan's preference for smaller vehicles, but the statement was typical of a president who's often cited as being fast and loose with the truth. 0:08 / 0:09 Honda may move the next-generation Civic production from Mexico to the U.S. Watch More 'They're taking our cars,' Trump said in a CNBC phone interview Tuesday. 'They're taking the very beautiful Ford F-150, which does very well. And I'm sure it'll do well there too, along with other great products.' This statement came as Japan's lead trade negotiator, Ryosei Akazawa, traveled to the United States to see that the Trump Administration honored its commitment under the revised trade deal, which lowers tariffs on Japanese automotive imports to the U.S. from 25% and 15%. Trump's Trade War Continues Trump has been threatening tariffs on most countries since taking office in January, with the auto industry a particular target. While the U.S. and Japan negotiated lower tariffs, they're still much higher than before and, according to Seeking Alpha, there's no official timeline for when the lowering of tariffs will take effect. Akazawa is expected to push for an executive order to formally implement the new tariff rates. In the interview, Trump also reiterated claims that the trade deal includes a $550 billion 'signing bonus' from Japan, although Tokyo has reportedly downplayed this, saying only 1-2% of that amount represents direct investment in the U.S. economy, while the rest consists of loans and guarantees from private firms. Ford Isn't Happy With Trade Deal Autoblog Newsletter Autoblog brings you car news; expert reviews and exciting pictures and video. Research and compare vehicles, too. Sign up or sign in with Google Facebook Microsoft Apple By signing up I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . You may unsubscribe from email communication at anytime. Japan suddenly deciding to import F-150 trucks seems implausible given Ford CEO Jim Farley's recent negative comments about the trade deal. Farley said last week that the deal would actually benefit Ford's Japanese rivals, claiming lower labor costs and favorable exchange rates would make Japan-manufactured vehicles cheaper than Ford's U.S.-built vehicles with the lower 15% tariff. Ford has claimed that as much as 80% of its U.S. sales volume is domestically assembled, but that hasn't helped it avoid the impact of tariffs. During the automaker's second-quarter earnings call, Farley said Ford faced a tariff bill of $2 billion. Ford is just one of several automakers releasing dour financial results as the tariffs hit—with no relief in sight. About the Author Stephen Edelstein View Profile
Daily Mirror
2 hours ago
- Daily Mirror
Man Utd open transfer talks over 'unrealistic' move for Premier League star
Manchester United have made contact with Brighton as they look to land explore a deal for midfielder Carlos Baleba. The Cameroon star enjoyed a stellar year last season and the Seagulls have no plans to cash in. The Red Devils are aware the move may be unrealistic, especially if their transfer funds to end up being spent on Benjamin Sesko, but are looking to gauge whether anything can be done in the coming weeks as Ruben Amorim seeks to further bolster his squad, reports the Athletic. The 21-year-old has three years left on his contract at the Amex but is proving to be one of the Premier League's best in his position as Brighton continue to find hidden gems in the market. This time though they have no plans to cash in. Previously they've bought in the likes of Moises Caicedo and Alexis Mac Allister before seeing them flourish and move on for a huge profit. This is not one of those scenarios though and those on the south coast want to retain Baleba. United's current focus is on landing Sesko from RB Leipzig after they jumped ahead of Newcastle in the transfer race. There is an acceptance though that any move, which could cost more than £70million, will make any move for the Brighton star very difficult. They would be reliant on a number of players leaving the club for sizeable fees. Amorim does have the likes of Alejandro Garnacho, Jadon Sancho and Antony looking for the exit door, but the trio remain at Old Trafford as things stand. A striker is currently the priority in Manchester, given they have already bought in Matheus Cunha and Bryan Mbeumo. But if they can secure a No 9 then a midfielder capable of playing in the number six role is next on their hit list and Baleba has excelled in that position. Already this summer Brighton have allowed Joao Pedro to leave for Chelsea, banking them a hefty sum. The highly-rated Simon Adingra has also joined Sunderland for more than £20m, which means they have little need to sell, putting them in a strong position to retain Baleba. The Brighton star previously said on all the speculation surrounding him: "If they can help me, I'll accept that help to push forward and develop. So, I just work to help my team and for myself, to progress for the future. In return, everyone who helps me wants me to go to the highest level. And if there are big clubs who want me, it's not something that worries me or gets me excited. I just need to work hard and keep a cool head." Join our new WhatsApp community and receive your daily dose of Mirror Football content. We also treat our community members to special offers, promotions, and adverts from us and our partners. If you don't like our community, you can check out any time you like. If you're curious, you can read our Privacy Notice.
Daily Mail
3 hours ago
- Daily Mail
Gas guzzlers making comeback amid Trump's push to exile EVs
American gas-powered vehicles, including the country's iconic pickup trucks, will not vanish forever as drivers have turned their backs on EVs. The surge in gas guzzlers is due to Donald Trump's push to exile EVs so the nation's auto industry can thrive - especially in Detroit, the 'car capital' of the world. US automakers are going back to their roots after switching their focus to electric vehicles that first became popular in 2010, and gained more notice in recent years. Although EVs are meant to be better for the planet, car manufacturers have had to use more resources to keep up with the fuel-efficient standards. Ford, a top US car brand based out of Detroit, is already gearing up for the shift and changing its lineup by adding more commercial vehicles and large SUVs and taking out some EVs. 'This is a multibillion-dollar opportunity over the next couple of years,' Jim Farley, the Chief Executive of Ford Motors, said in a call with analysts last week. Trump's car policy changes came after he announced a 25 percent tariff on imported cars that came into effect in April. Most electric cars sold in the US are already built domestically, meaning they won't be affected by the tariff. Still, there are costs associated with EVs that companies have to front. Because of the push to move back to gas cars, the auto industry is looking up because the fees that come with EVs will start to lower. With EVs, the industry has to pay regulatory credits and fuel-economy rule-violation fines. Ford, GM and Stellantis - a Dutch automaker - have shelled out about $10 billion on regulatory credits and fuel-economy rule-violation fines since 2022, according to The Wall Street Journal. Although General Motors has hoped to get rid of internal combustion engines by 2035, the company has since changed its tune and told its investors there are benefits to keeping gas cars in the lineup. During a recent call, Stellantis, who owns car companies like Jeep and Toyota, highlighted how Trump's Big Beautiful Bill allows them to add more gas-powered vehicles to the mix on dealership lots. 'This will mean to us a lot of additional profit,' Antonio Filosa, the CEO of Stellantis, who started the position in June, said. In a July 29 memo reviewed by WSJ, Stellantis wrote that they would prefer to satisfy its customers demands over anything. 'In these uncertain times of heavy competition and tariffs, there are auto workers all over the world who would happily trade their uncertainty for our customer demand and company commitment,' the company stated. In recent months, Stellantis, which also owns Ram, has been dealing with part shortages. Just last week, the automaker had to add shifts to a factory in Michigan in a bid to speed up production for its famed Ram 1500 trucks. Although the set back was not specifically related to the regulatory charges, Stellantis will thrive from the surge in gas cars by not having to pay millions for fines and fuel-economy rule violations. In order to see how the new trend will affect the company, Stellantis plans to keep an eye on the production conflict at the Ram Michigan factory regularly. Companies aren't the only ones excited about the change, as dealerships are also on board. 'Americans do like buying giant vehicles,' Adam Lee, chairman of Maine-based Lee Auto Malls, told the outlet. 'They're going to see how many more giant SUVs they can pump out, because they sell a lot of them and make a lot of money on them.' Despite being excited, Lee said he hopes some EVs will still remain. 'Otherwise, we're going to find out we're the only country in the world not embracing fuel-efficient vehicles and EVs,' he said. With the change, several big brands have back-pedaled with their EV plans as they anticipate the shift. Mary Barra, the CEO of GM, originally planned to make the company fully EV in 10 years, but now she is mulling the idea that gas-powered cars could come back into play. With that, her company continues to roll out EV cars, as she thinks the change will actually give GM a chance to sell more of those vehicles. 'It also gives us the opportunity to sell EV vehicles,' Barra stated while on a recent earnings call. 'Excuse me, ICE vehicles, for longer and appreciate the profitability of those vehicles.'
