News - Auto News

Russia may slap duties on U.S. cars, light trucks

Russia is the latest country to threaten the U.S. with retaliation for tariffs on metals imports, warning Friday that American cars could soon face higher taxes.

CarMax profits rise on tax-rate change

CarMax's profits rose in the quarter ended May 31 largely because of a lower income tax rate, the nation's largest used-car retailer said Friday.

Trump threatens 20% tariff on European Union cars

President Donald Trump threatened to impose a 20 percent tariff on all European Union-assembled cars coming into the United States after the EU imposed more than $3 billion in levies on American goods.

Tesla suffers another fire at Calif. plant

A machine used for paper recycling caught fire late Thursday at Tesla's Fremont, Calif., campus, outside the company's main EV assembly plant, but manufacturing was not affected.

Elon Musk's Tesla plans to cut residential solar panel business, Reuters reports

Tesla's move to cut 9 percent of its workforce will sharply downsize the residential solar business it bought two years ago in a controversial transaction, Reuters reported.