Latest news with #Automaker
Motor 1
28-05-2025
- Automotive
- Motor 1
BMW Has a 'Higher Demand' for the M5 Wagon in the US
It appears BMW buyers are answering the call. Last August, the automaker's vice president of product management suggested the company might consider selling the next-generation M3 Touring in the United States if the M5 Touring was a success . The M5 wagon has been on sale for a few months, and magical things are already happening. BMW M boss Frank van Meel revealed to BMW Blog that the automaker currently has "a higher demand in the US for the Touring than for the sedan." He didn't reveal a specific number, but hopefully, M5 wagon sales are high enough to convince BMW to bring the M3 Touring here, too. Fingers crossed. Photo by: BMW USA BMW had already revealed earlier this year that demand for the M5 in both body styles is higher than expected, forcing the automaker to increase production for both variants . The company thought the wagon would account for one-third of total production, but it's closer to a 50-50 split. Maybe more people are finally realizing the utility wagons offer. The 2025 M5 Touring debuted with the same hybrid V-8 powertrain that powers the sedan. It produces 717 horsepower and 738 pound-feet of torque, and it can hit 60 miles per hour in 3.5 seconds despite weighing 5,530 pounds. There's a lot of speculation surrounding the next-generation BMW M3 . It'll ride on the automaker's Neue Klasse platform, with electric and gasoline powertrains . BMW will unveil it later this year before going on sale in late 2026 or early 2027, which means we have plenty of time to prove to BMW that Americans will buy wagons. Here's More BMW News: This Beautiful BMW Wagon Is Actually Going Into Production 2026 BMW M2 CS Revealed: More Power, Less Weight, and Rear-Drive Only Get the best news, reviews, columns, and more delivered straight to your inbox, daily. back Sign up For more information, read our Privacy Policy and Terms of Use . Source: BMW Blog Share this Story Facebook X LinkedIn Flipboard Reddit WhatsApp E-Mail Got a tip for us? Email: tips@ Join the conversation ( )
Reuters
15-04-2025
- Automotive
- Reuters
Exclusive: Nissan to cut Japanese production of top-selling US model due to tariffs, source says
Summary Companies Nissan to cut Rogue production by 13,000 units at Kyushu plant, source says Automaker to reassess post-July output amid tariff uncertainty, source says Nissan: committed to adapting to market, prioritising workforce and production TOKYO, April 15 (Reuters) - Nissan (7201.T), opens new tab will cut Japanese production of its top-selling U.S. model, the Rogue SUV, over May-July, said a person familiar with the matter, becoming the latest global automaker to alter manufacturing plans in response to new U.S. import tariffs. U.S. President Donald Trump 's decision to slap a 25% levy on cars built overseas has upended the global automotive supply chain. Nissan, Japan's third-largest carmaker, is more exposed than some rivals. The United States is its top market, accounting for more than a quarter of the vehicles it sold last year, with many of those made in Japan or Mexico. Nissan plans to reduce output of the Rogue by 13,000 vehicles at its plant in Kyushu, southwest Japan, during the three-month period, said the person, declining to be identified because the information is not public. The planned cut is equal to more than a fifth of the 62,000 Rogues sold in the United States in the first three months of this year. Workers at the Kyushu plant, Nissan's largest, will work fewer hours from May through July, with production halted on some days, the person said. The plant will continue to operate on two shifts a day, the person added. The automaker will reassess the production situation at a later date depending on the outlook for tariffs, the person said. On Monday, Trump said he was considering modifying the auto levy because automakers "need a little bit of time". Nissan said in a statement it was reviewing its production and supply chain operations to identify optimal solutions for efficiency and sustainability. It said it was committed to adapting to market changes while prioritising workforce and production capabilities. "Our approach will be thoughtful and deliberate as we navigate both immediate and long-term effects," it said. BACKTRACK The Rogue was Nissan's best-selling model in the U.S. last year, at almost 246,000 vehicles, accounting for more than a quarter of the carmaker's total U.S. vehicle sales. Nissan also makes Rogue models in Smyrna, Tennessee. The latest move comes after Nissan this month backtracked on a separate plan to cut output at Smyrna, saying it would maintain two shifts for the Rogue, rather than cutting to one as had been scheduled for April. Other automakers are also scrambling to navigate the tariffs, which Trump has said will boost U.S. manufacturing and jobs. Chrysler parent Stellantis ( opens new tab has said it was pausing production at one plant in Mexico and one in Canada, impacting five connected U.S. facilities and temporarily laying off 900 U.S. workers. Honda (7267.T), opens new tab plans to make its next-generation Civic hybrid in the U.S. state of Indiana, instead of Mexico, to avoid potential tariffs, Reuters has reported. Even before the tariffs, Nissan had been looking to slash global capacity by 20% as part of a turnaround plan. New CEO Ivan Espinosa is under pressure to put the automaker on track for recovery, especially in the U.S. where performance has been hit by an ageing line-up and a lack of hybrids. In the financial year that just ended, Nissan cut its profit outlook three times.
Sky News
04-03-2025
- Business
- Sky News
Donald Trump confirms Mexico and Canada tariffs - prompting a stock market sell-off
Donald Trump's 25% tariffs on goods from Mexico and Canada have come into effect, as has an additional 10% on Chinese products, bringing the total import tax to 20%. The US president confirmed the tariffs in a speech at the White House - and his announcement sent US and European stocks down sharply. The tariffs will be felt heavily by US companies which have factories in Canada and Mexico, such as carmakers. Mr Trump said: "They're going to have a tariff. So what they have to do is build their car plants, frankly, and other things in the United States, in which case they have no tariffs." There's "no room left" for a deal that would see the tariffs shelved if fentanyl flowing into the US is curbed by its neighbours, he added. Mexico and Canada face tariffs of 25%, with 10% for Canadian energy, the Trump administration confirmed. And tariffs on Chinese imports have doubled, raising them from 10% to 20%. Canada announced it would retaliate immediately, imposing 25% tariffs on US imports worth C$30bn (£16.3bn). It added the tariffs would be extended in 21 days to cover more US goods entering the country if the US did not lift its sanctions against Canada. China also vowed to retaliate and reiterated its stance that the Trump administration was trying to "shift the blame" and "bully" Beijing over fentanyl flows. 2:45 Mr Trump's speech stoked fears of a trade war in North America, prompting a financial market sell-off. Stock market indexes the Dow Jones Industrial Average and the Nasdaq Composite fell by 1.48% and 2.64% respectively on Monday. The share prices for automobile companies including General Motors, which has significant truck production in Mexico, Automaker and Ford also fell. The losses continued on Monday. Asian markets closed down and European opened lower. The pan-European Stoxx 600 dropped 1.07% while the biggest indexes in major European economies fell sharply. Consumers in the US could see price hikes within days, an expert has said. Gustavo Flores-Macias, a public policy professor at Cornell University, New York, said "the automobile sector, in particular, is likely to see considerable negative consequences". This is due to supply chains that "crisscross the three countries in the manufacturing process" and " because of the expected increase in the price of vehicles, which can dampen demand," he added. The Trump administration is gearing up to bring in other tariffs in the coming weeks. On 2 April, reciprocal tariffs will take effect on all countries that impose duties on US products. He is also considering 25% tariffs on goods from the EU "very soon" after claiming the bloc was created to "screw the United States".
Sky News
04-03-2025
- Automotive
- Sky News
Donald Trump confirms Mexico and Canada tariffs - prompting a stock sell off
Donald Trump's 25% tariffs on goods from Mexico and Canada have come into effect. The US president confirmed the tariffs in a speech at the White House - and his announcement sent US stocks down sharply. The tariffs will be felt heavily by US companies which have factories in Canada and Mexico, such as carmakers. Mr Trump said: "They're going to have a tariff. So what they have to do is build their car plants, frankly, and other things in the United States, in which case they have no tariffs." There's "no room left" for a deal that would see the tariffs shelved if fentanyl flowing into the US is curbed by its neighbours, he added. As of 12:01am Eastern Standard Time (5.01am GMT), Mexico and Canada face tariffs of 25%, with 10% for Canadian energy, the Trump administration confirmed. And tariffs on Chinese imports will double, raising them from 10% to 20%. Canada announced it would retaliate immediately, imposing 25% tariffs on US imports worth C$30bn (£16.3bn). It added the tariffs would be extended in 21 days to cover more US goods entering the country if the US did not lift its sanctions against Canada. China also vowed to retaliate and reiterated its stance that the Trump administration was trying to "shift the blame" and "bully" Beijing over fentanyl flows. 2:45 Mr Trump's speech stoked fears of a trade war in North America prompting a financial market sell off. Stock market indexes the Dow Jones Industrial Average and the Nasdaq Composite fell by 1.4% and 1.76% respectively on Monday. The share prices for automobile companies including General Motors, which has significant truck production in Mexico, Automaker and Ford also fell. 👉 Follow Trump 100 on your podcast app 👈 Consumers in the US could see price hikes within days, an expert has said. Gustavo Flores-Macias, a public policy professor at Cornell University, New York, said "the automobile sector, in particular, is likely to see considerable negative consequences". This is due to supply chains that "crisscross the three countries in the manufacturing process" and " because of the expected increase in the price of vehicles, which can dampen demand," he added. The Trump administration is gearing up to bring in other tariffs in the coming weeks. On 2 April, reciprocal tariffs will take on effects on all countries that impose duties on US products. He is also considering 25% tariffs on goods from the EU "very soon" after claiming the bloc was created to "screw the United States".
Sky News
04-03-2025
- Automotive
- Sky News
Donald Trump confirms Mexico and Canada tariffs - sending financial markets reeling
Donald Trump has confirmed 25% tariffs on goods from Mexico and Canada, taking effect at 5am UK time on Tuesday. The US president confirmed the tariffs in a speech at the White House - and his announcement sent US stocks down sharply. The tariffs will be felt heavily by US companies which have factories in Canada and Mexico, such as carmakers. Mr Trump said: "They're going to have a tariff. So what they have to do is build their car plants, frankly, and other things in the United States, in which case they have no tariffs." There's "no room left" for a deal that would see the tariffs shelved if fentanyl flowing into the US is curbed by its neighbours, he added. As of 12:01am Eastern Standard Time (5.01am GMT), Mexico and Canada face tariffs of 25%, with 10% for Canadian energy, the Trump administration confirmed. 2:45 Mr Trump's speech stoked fears of a trade war in North America and sent financial markets reeling. Markets the Dow Jones Industrial Average, and the Nasdaq Composite fell by 1.4% and 1.76% respectively. The share prices for automobile companies including General Motors, which has significant truck production in Mexico, Automaker and Ford also fell. Consumers in the US could see price hikes within days, an expert has said. Gustavo Flores-Macias, a public policy professor at Cornell University, New York, said "the automobile sector, in particular, is likely to see considerable negative consequences". This is due to supply chains that "crisscross the three countries in the manufacturing process" and " because of the expected increase in the price of vehicles, which can dampen demand," he added. The Trump administration is gearing up to bring in other tariffs in the coming weeks. On 2 April, reciprocal tariffs will take on effects on all countries that impose duties on US products. And the US president is planning to double tariffs on Chinese imports, raising them from 10% to 20%. He is also considering 25% tariffs on goods from the EU "very soon" after claiming the bloc was created to "screw the United States".
