Latest news with #QX55
Miami Herald
07-04-2025
- Automotive
- Miami Herald
Tariffs Predicted to Decrease US and Canada Auto Sales by 1.8m as Audi Holds Cars in Ports
A new report indicates that US and Canadian auto sales could decrease by 1.8 million units this year and remain stalled over the next decade if an international trade war intensifies following President Trump's tariffs, which include a 25% tax on all vehicle imports. Over the next decade, light-duty auto sales in the US and Canada are predicted to be 7 million units lower than the initially projected 24.6 million vehicle sales if there were no trade conflicts and promising economic growth, according to the forecast provided by Detroit-area auto advisory firm Telemetry to Reuters. The effects of the Trump Administration's tariffs are already evident, as companies like Volkswagen's Audi are holding cars that arrived in US ports after the 25% levy took effect on April 3. Audi currently has around 37,000 vehicles in its US inventory, or two months of stock. Those 37,000 cars will remain available to US customers. European automakers like Audi are among the manufacturers hardest hit by Trump's tariffs, and the EU is reportedly seeking a zero tariff from India on auto imports, according to a separate Reuters report. India, which currently imposes a tariff on EU vehicle imports exceeding 100%, has remained open to reducing tariffs to 10%. In March 2024, India announced its new EV policy, which allows automakers to import a maximum of 8,000 cars annually at a reduced customs duty of 15%. That number has proven to be too low for some, as the Indian auto industry has now been lobbying for the country to retain a tariff of at least 30% on EU imports and keep import duties on electric vehicles (EVs) for four years. India's possible levy reduction and continuation of its EV import duties would benefit Tesla, which is scheduled to launch sales in India this year using exports from its Berlin, Germany factory. Nissan-owned Infiniti has also reportedly stopped taking orders for its QX50 and QX55 crossover SUVs in America, Carscoops reports. The QX50 is Infiniti's best-selling model in the US behind its QX60. Infiniti's QX50 and QX55 are both assembled in Mexico alongside Mercedes-Benz's GLB via a joint venture between the two companies; however, Infiniti is still on course to discontinue the QX50 and QX55 after the 2025 production year. According to Japan-based business newspaper Nikkei, Nissan, which is headquartered in Yokohama, Japan, is considering moving a portion of its best-selling Rogue production to the US. Around 25% of Nissan's. Jaguar Land Rover has responded to the Trump administration's tariffs by halting US shipments for a month, with exports slated to resume within two months. The British automaker says its current US inventory can support 60 days' worth of sales. Trump has reassured Americans regarding his administration's auto tariffs, saying: "Hang tough; it won't be easy, but the end result will be historic." While Americans are facing higher new and used car prices shortly, Nissan's consideration of moving part of its Rogue's production to the US indicates that the President's goal of increasing domestic vehicle production is taking shape. However, Telemetry's economic forecast predicts that auto sales could decrease by 1.8 million units this year and remain stalled over the next decade if an international trade war intensifies and undermines Trump's goals-even if domestic manufacturing increases. Copyright 2025 The Arena Group, Inc. All Rights Reserved.
Yahoo
07-04-2025
- Automotive
- Yahoo
Tariffs Predicted to Decrease US and Canada Auto Sales by 1.8m as Audi Holds Cars in Ports
A new report indicates that US and Canadian auto sales could decrease by 1.8 million units this year and remain stalled over the next decade if an international trade war intensifies following President Trump's tariffs, which include a 25% tax on all vehicle imports. Over the next decade, light-duty auto sales in the US and Canada are predicted to be 7 million units lower than the initially projected 24.6 million vehicle sales if there were no trade conflicts and promising economic growth, according to the forecast provided by Detroit-area auto advisory firm Telemetry to Reuters. The effects of the Trump Administration's tariffs are already evident, as companies like Volkswagen's Audi are holding cars that arrived in US ports after the 25% levy took effect on April 3. Audi currently has around 37,000 vehicles in its US inventory, or two months of stock. Those 37,000 cars will remain available to US customers. European automakers like Audi are among the manufacturers hardest hit by Trump's tariffs, and the EU is reportedly seeking a zero tariff from India on auto imports, according to a separate Reuters report. India, which currently imposes a tariff on EU vehicle imports exceeding 100%, has remained open to reducing tariffs to 10%. In March 2024, India announced its new EV policy, which allows automakers to import a maximum of 8,000 cars annually at a reduced customs duty of 15%. That number has proven to be too low for some, as the Indian auto industry has now been lobbying for the country to retain a tariff of at least 30% on EU imports and keep import duties on electric vehicles (EVs) for four years. India's possible levy reduction and continuation of its EV import duties would benefit Tesla, which is scheduled to launch sales in India this year using exports from its Berlin, Germany factory. Nissan-owned Infiniti has also reportedly stopped taking orders for its QX50 and QX55 crossover SUVs in America, Carscoops reports. The QX50 is Infiniti's best-selling model in the US behind its QX60. Infiniti's QX50 and QX55 are both assembled in Mexico alongside Mercedes-Benz's GLB via a joint venture between the two companies; however, Infiniti is still on course to discontinue the QX50 and QX55 after the 2025 production year. According to Japan-based business newspaper Nikkei, Nissan, which is headquartered in Yokohama, Japan, is considering moving a portion of its best-selling Rogue production to the US. Around 25% of Nissan's. Jaguar Land Rover has responded to the Trump administration's tariffs by halting US shipments for a month, with exports slated to resume within two months. The British automaker says its current US inventory can support 60 days' worth of sales. Trump has reassured Americans regarding his administration's auto tariffs, saying: 'Hang tough; it won't be easy, but the end result will be historic.' While Americans are facing higher new and used car prices shortly, Nissan's consideration of moving part of its Rogue's production to the US indicates that the President's goal of increasing domestic vehicle production is taking shape. However, Telemetry's economic forecast predicts that auto sales could decrease by 1.8 million units this year and remain stalled over the next decade if an international trade war intensifies and undermines Trump's goals—even if domestic manufacturing increases.
Yahoo
05-04-2025
- Automotive
- Yahoo
Nissan says it will not take new US orders for Mexican-built Infiniti SUVs
(Reuters) -Nissan Motor said on Thursday it will not take new orders from the U.S. for two Mexican-built Infiniti SUVs, following auto tariffs levied by President Donald Trump, in a drastic scale-back of its operations at a joint venture plant. The Japanese automaker said it would now maintain two shifts of production of the Rogue SUV at its Smyrna, Tennessee, plant after announcing in January it would end one of the two shifts this month. Nissan will not accept any additional orders of the Infiniti QX50 and QX55 SUVs for the U.S. market produced at the COMPAS plant it has run together with Mercedes-Benz in Mexico. Nissan said production is expected to continue for those models sold in other markets. It remained unclear how much of the production is sold in other markets. The two Infiniti models have only been exported from Mexico to the U.S., according to data from Mexico's national statistics agency. A Japan-based Nissan spokesperson said on Saturday the models are produced for and exported to markets such as Mexico, Panama, the Middle East and Canada, without providing details on its production plans for the vehicles. Trump's 25% global car and truck tariffs took effect on Thursday. Nissan has been struggling in the U.S. due to an ageing line-up and a lack of hybrid models. It is particularly exposed to the new tariffs as it exports the biggest number of cars from Mexico to the U.S. of any Japanese automaker. Nissan's troubles led it to slash its profit forecast three times in the financial year just ended and saw its debt downgraded to "junk" status. Its new chief executive, 46-year-old Ivan Espinosa, a Mexican national who previously was its planning boss, has pledged to drastically cut the time the automaker needs to develop new cars. Mercedes-Benz manufactures the GLB SUV at the COMPAS plant. Sign in to access your portfolio
Yahoo
04-04-2025
- Automotive
- Yahoo
Nissan halts US orders for Infiniti SUVs manufactured in Mexico
Nissan has ceased on new orders from the US for two of its Infiniti SUV models, the QX50 and QX55, produced at the COMPAS plant in Mexico, reported Reuters. The move comes in response to tariffs imposed by US President Donald Trump and marks a reduction in Nissan's operations at its COMPAS plant in Mexico, which it operates jointly with Mercedes-Benz. While production of the two Infiniti SUV models will continue for markets outside the US, Nissan did not specify how much of the output is allocated to international sales. A Japan-based Nissan spokesperson was cited by the news agency as saying that the vehicles are also shipped to markets including the Middle East and Canada. The Japanese automaker, however, plans to maintain two production shifts for the Rogue SUV at its Smyrna plant in Tennessee. This reverses an announcement made in January 2025, which indicated that the company would discontinue one of the shifts in April. The company, which has been facing challenges in the US market due to an outdated product lineup and a scarcity of hybrid vehicles, is particularly affected by the new tariffs as it exports more vehicles to the US from Mexico than any other Japanese manufacturer. In efforts to streamline operations and reduce costs, Nissan Motor disclosed plans last month to simplify its management structure, which will see a 21% decrease in top executive positions, from 42 to 33, starting from the 2025 fiscal year. At that time, Nissan said: 'This is also part of Nissan's commitment to improving decision-making efficiency by simplifying organizational layers and expanding the span of control. These changes are designed to empower regions and establish clear roles and responsibilities within the organisation.' "Nissan halts US orders for Infiniti SUVs manufactured in Mexico – report" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
04-04-2025
- Automotive
- Yahoo
How automakers are responding to Trump's tariffs, from discounted pricing to factory pauses
Automakers are responding to Trump's latest round of auto tariffs, announced Wednesday. Ford is offering customers an employee discount, while VW is adding an "import fee" to cars. Stellantis has shut down factories and will lay off 900 workers, while others may shift production to the US. The Trump administration's fresh wave of tariffs sent shock waves through the automotive industry on Thursday. Automakers have responded to the impending trade war in various ways, from offering discounts to shoppers who hope to avoid future price increases to adding import fees on vehicles built outside the US. The "draconian" trade policies, as one Wall Street analyst called them, will also affect autoworkers, with Stellantis pausing production at two assembly plants in Mexico and Canada. Wall Street believes the tariffs could cost the auto industry more than $80 billion and slash Detroit's Big Three's earnings by up to 60%, thanks to an additional $5,000 of input costs per vehicle. Here's how the industry at large is responding: On Thursday, Nissan said it would pause new US orders of two Infiniti SUVs, which are built in Mexico. The announcement came after President Donald Trump's auto tariffs went into effect. Nissan will pause new Mexico-built orders for the Infiniti QX50 and QX55 SUVs for US sales, the Japanese carmaker said in a statement to Business Insider. The model will still be produced for other markets, and production of other US models in Mexico and Japan will continue. Nissan also said it would keep two shifts of production of the Rogue SUV at its Smyrna, Tennessee plant, reversing a January plan to end one of the shifts later this month. This will keep "more localized volume in the US that is free of the new auto tariffs," Nissan said in the statement. Ford announced on Wednesday that it would make employee pricing available to consumers for the next two months. "In times like these, talk is cheap. At Ford, we believe in action," Rob Kaffl, Ford's director of US sales and dealer operations, said in a press release. The discount, which ends June 2, applies to all Ford and Lincoln models except Raptors, the 2025 Expedition and Navigator SUVs, and Super Duty trucks. How much a consumer saves depends on the vehicle, but it could easily run into the thousands. The discount would be applied on top of any other deals or promotions a dealership is offering, the company said. Ford declined to confirm whether the tariffs would lead to higher sticker prices. A company spokesperson told Business Insider that it has a 74-day supply of vehicles in stock that haven't been affected by tariffs, compared to 50 days for GM and 24 days for Toyota. (Around 60 days of supply is considered healthy in a normal economic environment.) Analysts say Ford is one of best best-positioned US automakers to weather the tariffs. Stellantis, which owns former Chrysler brands like Dodge, Jeep, and Ram, has paused production at its Windsor assembly plant in Canada and Toluca assembly plant in Mexico, a spokesperson said Thursday. The Windsor plant, which makes Pacifica/Voyager minivans and Charger Daytona EV muscle cars, will be offline for two weeks. It plans to resume operations the week of April 21. The Toluca plant, which builds Jeep Compass and Wagoneer S SUVs, will stop work for the rest of April. The production stoppage at these two facilities resulted in the temporary layoffs of 900 workers from the company's powertrain and stamping plants in Michigan and Indiana, the spokesperon said. The German automaker Volkswagen has confirmed it will add an "import fee" to the sticker prices of vehicles affected by the tariffs, a spokesperson said. The import fee will be added to the destination charge, which is tacked onto the price of a new car. It's unclear how much the tariffs will affect the cost of new VW cars as no final pricing decisions have been made, the spokesperson said. Its top-selling Atlas and Atlas Cross Sport midsize SUVs are made in Chattanooga, Tennessee. Its other top sellers — the Jetta sedan, the Taos SUV, and the Tiguan SUV — are all made in Puebla, Mexico. The CEO of Swedish brand Volvo Cars told Bloomberg on Thursday that the carmaker would look to build more vehicles at its South Carolina factory in response to the tariffs. "We will have to increase the number of cars we build in the US, and surely move another model to that factory," said Håkan Samuelsson, who returned to Volvo as CEO on Monday. Samuelsson said the company would "look closely" at which model it moves to the factory, which already builds the EX90 and Polestar 3 EVs. Volvo did not immediately respond to a request for comment from BI. Mercedes-Benz also signaled that it was considering shifting production to the US. Production chief Jörg Burzer told reporters from multiple outlets that the German carmaker could start building another vehicle model in its Alabama factory. Burzer said Mercedes was still "assessing" the impact of the tariffs but warned flexibility would be key. Bloomberg previously reported that the company was considering cutting sales of some of its least-expensive models from the US market because the tariffs would make them economically unfeasible. A spokesperson for rival BMW told BI the luxury carmaker was also still "evaluating" the new levies but called on the US and Europe to reach a deal quickly to avoid further pain for consumers. Read the original article on Business Insider
