On June 13, Korean multiple sources reported that Hyundai Steel has signed a deal to supply GM Korea with approximately 100,000 tons of automotive steel annually, starting as early as September. This supply will replace the volume previously sourced from China’s Baoshan Iron & Steel, the world’s largest steelmaker by

On June 11, GM CFO Paul Jacobson gave an update on GM’s strategy for mitigating the costs associated with new U.S. tariffs while speaking at the Deutsche Bank Global Auto Industry Conference. 
GM believes it can offset the effects of the tariffs by about 30% through increased domestic manufacturing for both vehicles

On June 10, Ford of Canada CEO Bev Goodman said that the company’s CAD 3-billion project to retool its Oakville Assembly Complex is “well in the works” despite tariffs hanging over the North American auto industry, though “it will be late 2026 before we see trucks rolling off the line”. 
Ford said crews poured the fo

On June 12, saying that he was killing the “EV mandate”, President Trump signed into law a number of bills passed in the U.S. Congress.
H.J. Res. 87, which provides congressional disapproval of the rule submitted by the EPA relating to “California State Motor Vehicle and Engine Pollution Control Standards; Heavy-Duty

On June 12, President Trump told reporters in Washington D.C. that he would send letters to U.S. trade partners in the coming weeks to formally establish new tariff terms.
“We’re going to be sending letters out in about a week and a half, two weeks, to countries, telling them what the deal is,” Trump said. “And I thi

On June 12, U.S. President Trump warned he may soon hike auto tariffs further, arguing that could push OEMs to speed U.S. investments.
"I might go up with that tariff in the not too distant future," Trump said at a White House event. "The higher you go, the more likely it is they build a plant here."
OEMs, in the mea

On June 11, U.S. President Donald Trump and Chinese officials announced they have agreed to a framework for a trade deal between the two countries, setting tariffs, allowing students to attend U.S. universities and easing restrictions on trade in rare earths.
“Our deal with China is done, subject to final approval wi

On June 11, General Motors announced plans to invest about USD 4 billion over the next two years in three of its domestic manufacturing plants to increase U.S. production of both ICE and electric vehicles. The new investment will give GM the ability to assemble more than two million vehicles per year in the U.S. in p

On June 5, Statistics Canada released figures showing the country posted its largest merchandise trade deficit on record in April at CAD 7.1 billion as exports fell sharply in the face of U.S. tariffs. Statistics Canada said the result for April, the most recent month for which data is available, followed a deficit o

On June 6, the National Auto Parts Industry (INA) expressed concern over the U.S. decision to double tariffs on Mexican steel and aluminum derivatives from 25% to 50% under Section 232.
INA warned that this move threatens the competitiveness of Mexican auto parts manufacturers and the stability of North American supp

Mercedes-Benz is looking to help the U.S. and EU work out a deal that would avoid it paying tariffs on most of its popular cars and SUVs like the GLC-Class. A proposal where tariffs and duties are waived on a car-for-car basis, instead of hefty fees on both vehicles, could help the automaker (and the industry) hammer

On June 6, a Porsche spokesperson said the company has no plans to shift any part of its production process to the U.S., dismissing some media reports that the company was considering such a move to mitigate effects of tariffs.
Media had reported earlier in the day that Porsche CEO Oliver Blume, who also leads the la

On June 6, Transportation Secretary Sean Duffy presented the U.S. Department of Transportation’s National Highway Traffic Safety Administration (NHTSA) interpretive rule, “Resetting the Corporate Average Fuel Economy Program”. The rule claims that the Biden Administration ignored statutory requirements for original C

On June 9, Waymo confirmed that it has cut off taxi service to parts of Los Angeles after five of its self-driving vehicles were torched during weekend protests over immigration raids by federal ICE agents.
After removing the damaged vehicles from downtown Los Angeles, it said it is not servicing that specific area “

On June 5, it was reported that the administrations of Canadian Prime Minister Mark Carney and U.S. President Trump are secretly holding direct talks to work out a framework for a trade and security agreement. The talks are being held discreetly to ensure a positive outcome, according to U.S. Ambassador to Canada Pet

On June 4 at the UBS Auto and Auto Tech Conference, Ford’s Chief Financial Officer Sherry House talked about tariffs and supply chain disruptions that will impact in its Q2 earnings in July, but cautioned there are many unknowns that could make Ford's upcoming financials "a bit lumpy". 
On disruptions caused by expor

On June 5, President Trump lashed out against Tesla CEO Elon Musk, saying he was “disappointed” by the billionaire’s public opposition to the sweeping tax-cut and spending bill that is at the heart of Trump’s agenda.
Musk has been actively urging Senate Republicans to “kill the bill,” which comprises a wide range of

On June 4, President Trump’s promised 50% tariffs on imports of “steel and aluminum articles and their derivative articles” went into effect. The two metals had previously faced 25% tariffs on imports from all countries since mid-March, when Trump’s order to remove steel exemptions and raise aluminum’s levy from his