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Japan Today
02-07-2025
- Automotive
- Japan Today
Big automakers report U.S. sales jump on pre-tariff consumer surge
Ford Motor Company President and CEO Jim Farley stands between the Ford Mustang RTR (L) and the Ford Mustang GTD at the 2025 Detroit Auto Show By John BIERS Several leading automakers including Detroit giants General Motors and Ford have reported increased U.S. car sales in the second quarter as consumers fast-forwarded purchases ahead of tariffs. Sales were particularly brisk early in the quarter as expectations of President Donald Trump's coming tariffs dominated the news. Besides the U.S. companies, Japanese automakers Toyota and Honda and South Korean brands Kia and Hyundai all reported increased sales compared with the 2024 stretch. "They were able to capitalize on the tariff-induced fear and that drove sales, especially in the early part of the quarter," said Garrett Nelson, equity analyst at CFRA Research. While the auto industry has been near the center of Trump's efforts to reset global trade, consumers have yet to see significant price increases due to tariffs. That is because companies have relied on existing inventories that include vehicles imported before tariffs took effect. Prices are expected to rise more in the second half of 2025, but market demand and supply forces could constrain such hikes, analysts said. GM notched a 7.3 percent rise in vehicle deliveries to 746,588 behind a continued solid performance in pickup trucks and SUVs, as well as good sales of models geared towards customers seeking affordable vehicles. These include the Chevrolet Equinox and Chevrolet Trax, a lower-priced vehicle imported from South Korea. Ford, meanwhile, scored a 14.2 percent jump in sales to 612,095, reflecting the boon from a popular program that offered customers employee pricing on many models. Most of Ford's leading vehicles saw higher sales, including the best-selling pickup F-series, as well as the Ford Explorer SUV. While Ford had lower sales of its all-electric F-150 Lightning Truck and the Mustang Mach-E, it reported a jump in hybrid vehicle sales. Higher sales had been expected for both companies, but the increases were slightly more than projected by analysts at At Toyota, sales jumped 7.2 percent to 666,470 autos, with double digit gains in several vehicles, including the Toyota Camry sedan and the Toyota Tacoma pickup truck. Honda, Kia and Hyundai reported quarterly sales increases of between five and 10 percent. But Nissan reported a 6.5 percent drop in quarterly sales to 221,441, while Jeep-owner Stellantis was projected by Edmunds to have a 12.8 percent drop to just over 300,000 vehicles. The United States imposed 25 percent tariffs on imported finished cars in early April. The Trump administration also enacted a 25 percent tariff on imported auto parts in early May, although White House officials allowed a two-year grace period and stipulated that automakers would not face duplicative tariffs due to a 25 percent levy on imported steel and aluminum. While retail car prices have not risen significantly, analysts at Cox Automotive last week pointed to a recent ebbing in dealer incentives as evidence of a somewhat tighter market. Cox Automotive Chief Economist Jonathan Smoke has projected an eight percent rise in prices due to tariffs, adding that "we don't think consumers or fleet buyers are able and willing to accept that added cost," he said at a briefing last week. Smoke predicted that uncertainty about the economy and whether the Federal Reserve will cut interest rates could lead many buyers to defer purchases. Nelson said automakers have to be "very careful" with price hikes. "Things have cooled off from where they were at the beginning of the quarter," he said. "Everything we're seeing suggests that consumers are still very price sensitive." © 2025 AFP
Yahoo
01-07-2025
- Automotive
- Yahoo
'Cars at the Station' set for September reboot at Michigan Central in Detroit
A community-centered festival of autos, ride-and-drives, food and libations will hit the campus of Detroit's Michigan Central for the second year as organizers of "Cars at the Station" announced a return of the event in September. "Cars at the Station" is a free event to be held inside the newly renovated train station in the city's Corktown neighborhood west of downtown, and outside at the adjacent Roosevelt Park. 'Last year's inaugural Cars at the Station event drew hundreds of cars and thousands of visitors, showing us we had created something special, something the community and the auto industry wanted,' organizer Jiyan Cadiz of Hagerty Partnerships said in a statement released June 30. 'We knew we had to bring back this free event that welcomes all types of cars – in the Motor City's most exciting location. We're thrilled to announce Cars at The Station will be even bigger this September at Michigan Central, strengthening our community connections and celebrating our automotive future." The event is scheduled for Sept. 19 and 20. More than 200 cars and motorcycles are expected to be on display in Roosevelt Park, along with food trucks, music and other entertainment designed for families, organizers said. Automobile owners may enter their own rides for the event by applying through the Detroit Auto Show, which is a co-partner. Applications are accepted on a first-come, first-served basis. Submit a photo of your machine and your contact info at Other sponsors include the city of Detroit, Newlab, event producer Z-Performance. Total Access Events, JB Communications and International Outdoor. 'Celebrating car culture and helping to build on-ramps for enthusiasts through Cars at the Station in the Motor City is important to our members,' said Peter Fink, Hagerty vice president of events and experiences. 'This community-first event is one of the most unique in the country, bringing people together to experience all types of car culture, layered in with the auto industry and the future of mobility, plus local brands and nonprofit organizations.' The new and improved station at Michigan Central will be open to the public during the event. Ford Motor Co. reopened the landmark property a year ago after decades of abandonment. The station will be the setting for live music and other entertainment and visitors can view the restoration first-hand of architecture designed by the same firms responsible for New York City's famed Grand Central. There will be music and entertainment spanning across both days of the event, along with a new beer garden. A VIP reception will take place Sept. 19 inside Newlab adjacent to the station. Formerly known as the Roosevelt Warehouse, Newlab will show guests a new and improved facility while partaking in vendor and automotive experiences and a wine tasting. Tickets for VIP access go on sale in July and can be found on the event's website. Taking place Sept. 20 on the Michigan Central lawn is RADwood Lite, an event centered around lifestyle, fashion and cars from the '80s and '90s. This display is free and will feature more than 50 cars, trucks and bikes from the era. Contact Keenan Thompson: kthompson@ This article originally appeared on Detroit Free Press: 'Cars at the Station' set for reboot at Michigan Central in Detroit Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Toronto Sun
19-06-2025
- Automotive
- Toronto Sun
Stellantis ramps up gas-powered vehicle production at Windsor Assembly
The Windsor-built Dodge Charger is shown at the Detroit Auto Show on January 10, 2025. Photo by Dan Janisse / Windsor Star Ramping up production of the gas-powered, two-door Dodge Charger Daytona this month is a sign of an increased focus by Stellantis on internal-combustion options produced at the Windsor Assembly Plant. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account Production of the gas-powered four-door Charger is expected to accelerate this fall. 'Production started in June and we'll see quadruple digits of the (gas-powered) two-door Charger in September,' said AutoForecast Solutions vice-president of global vehicle forecasting Sam Fiorani. 'The four-door will hit volume in quarter three. Production will really start in October.' The new generation Charger was first made available in electric versions, but market conditions and President Donald Trump's changing of emission standards in the U.S. has given Stellantis some flexibility in using more internal combustion engines (ICE). The 670-horsepower Dodge Charger Scat Pack electric model will continue to be available, but the company has paused production of the lower powered R/T Charger EV for 2026. Your noon-hour look at what's happening in Toronto and beyond. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. 'The (Charger) EV rollout was relatively uneventful,' Fiorani said. 'It's a great product, but the market for that vehicle wants gas-powered engines. 'The changing emission regulations in the U.S. have allowed for more gas-powered engines. 'The focus on the ICE variants is going to be much stronger than it had initially been planned. 'They've invested a lot of money in Windsor and getting those lines up and running is crucial. It's likely the gas-powered variants will appeal to fleet buyers as the old Charger did, especially to police package companies.' Fiorani expects the gas-powered Chargers to also do very well in the retail market. 'It's a strong design,' Fiorani said. 'It's got a throwback look and it's a very large vehicle. This advertisement has not loaded yet, but your article continues below. 'It'll appeal to a lot of buyers as long as you have the right power train.' Stellantis will offer two versions of the 3.0-litre, twin-turbocharged Hurricane straight-six engine being used in its gas-powered Chargers. The Charger Sixpack H.O. will produce 550 horsepower while the Sixpack S.O. is rated at 420 horsepower. The Hurricane inline six engine, which was introduced in 2022, is made at Stellantis's Saltillo Engine Plant in Mexico. 'The Hurricane engine is an excellent power train,' Fiorani said. Fiorani believes Stellantis will look to expand its ICE offerings at Windsor Assembly beyond the Hurricane engine. Stellantis engineers have been at Windsor Assembly studying if the STLA large platform used to build the Charger can handle a Hemi V-8 engine. This advertisement has not loaded yet, but your article continues below. Chrysler Corporation created the famed Hemi V-8 in 1951 and is restarting its hemi program at its Dundee Engine Plant in Michigan. The company is reportedly going to manufacture the Hemi in three versions – the 5.7-litre, 6.4-litre and Hellcat. Read More Sources have told the Star that Stellantis is also exploring offering the high-performance Hellephant engine that produces 1,000 horsepower in the Charger. 'We haven't seen the Hemi V-8 yet,' said Fiorani of the future production data that projects out to about 18 months. 'That (Hemi) is expected if it fits on the (STLA large) platform. 'We haven't seen any of that engineering information showing it fits in the platform yet. The revival of the Hemi makes perfect sense.' 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USA Today
28-05-2025
- Automotive
- USA Today
Stellantis names Antonio Filosa new CEO amid financial turmoil
Stellantis names Antonio Filosa new CEO amid financial turmoil Show Caption Hide Caption Stellantis: The automaker's history, legacy Explore the history of Stellantis, the automotive giant formed in 2021 through the merger of Fiat Chrysler Automobiles and PSA Group. Antonio FIlosa takes the helm amid economic instability in the U.S. auto market and declining Stellantis revenue. Filosa aims to grow Stellantis' presence in the U.S., its largest market. Stellantis has named Antonio Filosa as the second CEO in the company's history, taking over after a year of turmoil for the automaker. Filosa, 51, from Naples, Italy, has been an executive at the company since Stellantis' formation in 2021, when Fiat Chrysler Automobiles and Peugeot maker PSA Group merged. Filosa's ties to the company date back to 1999, when he began with Fiat. He later served as the CEO of the Jeep brand. Recently, Filosa's responsibilities at Stellantis have ramped up. He served as the chief operating officer of the Americas while also taking on the role of chief quality officer — a role he assumed in February 2025. Now he will lead the fourth-largest automaker in the world, overseeing Stellantis' full lineup, which includes Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep, Maserati, Opel, Peugeot, Ram, Lancia and Vauxhall. When he was chief operating officer for South America, Brazil became the second-largest volume market for Jeep vehicles, second to the United States. Filosa takes on leadership at a time when the automotive market in the United States is facing stark economic instability. Earlier this year, Stellantis announced it would be suspending its financial guidance for 2025, citing 'tariff-related uncertainties.' In its latest earnings report, Stellantis saw a 14% dip in revenue during the first quarter of 2025. The year prior told a similar story: In 2024, Stellantis saw a 70% drop in net profit compared with 2023. Note to the next Stellantis CEO: First thing, kill these 4 brands Sales fell 15% in 2024 compared with the year before, and the company in April reported that first-quarter sales this year dropped 12% from the same quarter last year. In the past 12 months, Stellantis shares have lost half their value, closing Tuesday at $10.44. Recently, Filosa has expressed interest in fostering the growth of Stellantis vehicles in the United States. 'To us, the U.S. is the biggest market Stellantis has the privilege to operate in. It's the biggest priority,' Filosa told the Free Press at the Detroit Auto Show in January. According to data from the end of 2024, Stellantis currently employs approximately 34,000 people in Michigan, 75,000 nationwide and more than 248,000 globally. On June 23, Filosa will officially begin his role and unveil his team of executives. Sam Fiorani, vice president of global vehicle forecasting at AutoForecast Solutions, said the new CEO is what the company needs to reverse its slipping profits, mounting concerns over quality and a stained relationship with North American dealers. "(Filosa) has got a lot of experience from North and South America, working with Jeep, working with all the important parts of the company," Fiorani said. "In recent years, North America hasn't been on the radar as strongly as it should have been for the early years of Stellantis." A leader who knows the importance of Stellantis' North American market "is going to help the company make it through this decade and into the future," Fiorani said. As Stellantis' future begins under Filosa, it may not be easy or smooth. Fiorani said the company has some tough decisions to make: It will likely have to pare down the number of brands it offers, emphasize (or shrink) production in China, and take extra steps to create efficient production across brands. "These things are going to be longer-term issues, and it's not going to happen in the first few weeks," Fiorani said. "But they're all points that need to be addressed because this is a global company." Succeeding Tavares Filosa replaces the first CEO of Stellantis, Carlos Tavares, who resigned in 2024. During his abbreviated tenure, Tavares maintained strained relationships with both American dealers and the UAW, which spent months calling for his resignation during its "Keep the Promise" picket campaign in 2024. Through a series of filed and retracted grievances, the UAW alleged Stellantis was falling short of staffing numbers and investments promised in a 2023 bargaining agreement struck between the company and the union. At the same time, U.S. Stellantis dealers took the extraordinary step of writing a public letter criticizing the company's operations. Calling Tavares' leadership "reckless short-term decision-making," the dealers chided the company for jeopardizing their hallmark American brands: Chrysler, Dodge, Jeep and Ram. "The reckless short-term decision-making to secure record profits in 2023 has had devastating, yet entirely predictable, consequences in the US market," the letter read. Under Filosa, Stellantis hopes to reverse those consequences. Liam Rappleye covers Stellantis and the UAW for the Detroit Free Press. Contact Liam Rappleye: LRappleye@ This is a developing story and will be updated.
Yahoo
28-05-2025
- Automotive
- Yahoo
Stellantis names Antonio Filosa new CEO amid financial turmoil
Stellantis has named Antonio Filosa as the second CEO in the company's history, taking over after a year of turmoil for the automaker. Filosa, 51, from Naples, Italy, has been an executive at the company since Stellantis' formation in 2021, when Fiat Chrysler Automobiles and Peugeot maker PSA Group merged. Filosa's ties to the company date back to 1999, when he began with Fiat. He later served as the CEO of the Jeep brand. Recently, Filosa's responsibilities at Stellantis have ramped up. He served as the chief operating officer of the Americas while also taking on the role of chief quality officer — a role he assumed in February 2025. Now he will lead the fourth-largest automaker in the world, overseeing Stellantis' full lineup, which includes Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep, Maserati, Opel, Peugeot, Ram, Lancia and Vauxhall. When he was chief operating officer for South America, Brazil became the second-largest volume market for Jeep vehicles, second to the United States. Filosa takes on leadership at a time when the automotive market in the United States is facing stark economic instability. Earlier this year, Stellantis announced it would be suspending its financial guidance for 2025, citing 'tariff-related uncertainties.' In its latest earnings report, Stellantis saw a 14% dip in revenue during the first quarter of 2025. The year prior told a similar story: In 2024, Stellantis saw a 70% drop in net profit compared with 2023. Note to the next Stellantis CEO: First thing, kill these 4 brands Sales fell 15% in 2024 compared with the year before, and the company in April reported that first-quarter sales this year dropped 12% from the same quarter last year. In the past 12 months, Stellantis shares have lost half their value, closing Tuesday at $10.44. Recently, Filosa has expressed interest in fostering the growth of Stellantis vehicles in the United States. 'To us, the U.S. is the biggest market Stellantis has the privilege to operate in. It's the biggest priority,' Filosa told the Free Press at the Detroit Auto Show in January. According to data from the end of 2024, Stellantis currently employs approximately 34,000 people in Michigan, 75,000 nationwide and more than 248,000 globally. On June 23, Filosa will officially begin his role and unveil his team of executives. Sam Fiorani, vice president of global vehicle forecasting at AutoForecast Solutions, said the new CEO is what the company needs to reverse its slipping profits, mounting concerns over quality and a stained relationship with North American dealers. "(Filosa) has got a lot of experience from North and South America, working with Jeep, working with all the important parts of the company," Fiorani said. "In recent years, North America hasn't been on the radar as strongly as it should have been for the early years of Stellantis." A leader who knows the importance of Stellantis' North American market "is going to help the company make it through this decade and into the future," Fiorani said. As Stellantis' future begins under Filosa, it may not be easy or smooth. Fiorani said the company has some tough decisions to make: It will likely have to pare down the number of brands it offers, emphasize (or shrink) production in China, and take extra steps to create efficient production across brands. "These things are going to be longer-term issues, and it's not going to happen in the first few weeks," Fiorani said. "But they're all points that need to be addressed because this is a global company." Filosa replaces the first CEO of Stellantis, Carlos Tavares, who resigned in 2024. During his abbreviated tenure, Tavares maintained strained relationships with both American dealers and the UAW, which spent months calling for his resignation during its "Keep the Promise" picket campaign in 2024. Through a series of filed and retracted grievances, the UAW alleged Stellantis was falling short of staffing numbers and investments promised in a 2023 bargaining agreement struck between the company and the union. At the same time, U.S. Stellantis dealers took the extraordinary step of writing a public letter criticizing the company's operations. Calling Tavares' leadership "reckless short-term decision-making," the dealers chided the company for jeopardizing their hallmark American brands: Chrysler, Dodge, Jeep and Ram. "The reckless short-term decision-making to secure record profits in 2023 has had devastating, yet entirely predictable, consequences in the US market," the letter read. Under Filosa, Stellantis hopes to reverse those consequences. Liam Rappleye covers Stellantis and the UAW for the Detroit Free Press. Contact Liam Rappleye: LRappleye@ This is a developing story and will be updated. This article originally appeared on Detroit Free Press: Stellantis names new CEO: What it means for the auto industry Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
