Tariffs Archives - Auto Global News – Global Car News & Reviews

Mitsubishi Motors is exploring joint vehicle production in the United States with Nissan Motor and Honda Motor to mitigate tariffs, a move that could reshape its North American manufacturing strategy.Key TakeawaysMitsubishi's US market share was 10% last year compared to over 25% for Nissan and Honda combinedThe company is considering shared production facilities in the U.S. but hasn't finalized plans yet.Tariffs on imported vehicles have put pressure on Mitsubishi’s North American operations, leading it into a loss during April-September 2024.Mitsubishi Motors President and CEO Takao Kato announced that the company is examining options for joint manufacturing with Nissan Motor and Honda Motor to address tariff-related risks. The Japanese automaker currently imports all its vehicles from J...

Exciting news for car enthusiasts was met with a twist when Kia announced that its plans for an electric utility vehicle (ute) have been put on hold due to ongoing tariff instability in the United States. This decision has left many wondering about the future of electric vehicles in the American market.Key TakeawaysKia's dedicated electric ute is temporarily shelved because of US tariff uncertainty.The EV4 sedan and an electric pick-up truck are also on hold, impacting Kia’s US strategy.Tariff policies in Mexico, Canada, and Seoul affect the production and import costs for these vehicles.Earlier this year, Kia had confirmed its intention to introduce a dedicated electric ute as part of its expanding lineup. However, recent developments have forced the company to reconsider its plans due to...

Tag: Tariffs

Mitsubishi Eyes Joint US Production with Nissan and Honda Amid Tariffs

Kia Halts Electric Ute Plans Due to US Tariff Uncertainty