President Donald Trump's tariffs on automobiles and automobile parts are going to hit some automakers harder than others, particularly among those with a lower share of their U.S.-sold vehicles assembled outside the U.S.

For instance, Volvo, Mazda, Volkswagen and Hyundai Motor, which include the brands Genesis and Kia, imported at least 60% of their respective U.S. sales in 2024, according to S&P Global Mobility. 

Comparatively, Ford, Honda, Stellantis and General Motors have the most cars made in the U.S., the S&P Global Mobility report showed. 

Germany has said it "will not give in" and that Europe must "respond firmly" as US President Donald Trump targets imported cars and car parts with a 25% tax in his latest tariffs.

Other major world economies have vowed to retaliate, with France branding the move "very bad news", Canada calling it a "direct attack", and China accusing Washington of violating international trade rules.

Early on Thursday, shares in Frankfurt for Porsche, Mercedes and BMW fell sharply alongside French firm Stellantis, the maker of Jeep, Peugeot and Fiat.

The vehicles used in two separate incidents, the deadly New Orleans attack and the explosion in front of the Trump International Hotel in Las Vegas, were rented via the same app, a peer-to-peer service called Turo, the company said. 

The deadly New Orleans terror attack and the Cybertruck explosion outside the Trump International Hotel Las Vegas on New Year’s Day have at least one connection — the car-sharing app Turo.

While officials have indicated that they have no evidence so far that the two incidents may be linked, investigators have determined the pickup truck used by a terrorist on Bourbon Street and the exploding Tesla truck were both procured using Turo.

Turo is a platform that allows users to rent vehicles from trusted hosts that are registered with the site.

New York City’s long-awaited congestion pricing plan got off to a smooth start as drivers adjusted to the new tolls, but many crucial questions remained about the nation’s most ambitious traffic experiment.

After decades of failed efforts to bring the tolling program to city streets, it finally went live on a freezing night over the weekend when few drivers were out and transit workers could monitor the newly deployed tolling equipment at a relaxed pace.

Gov. Kathy Hochul’s about to get a lesson in the law of unintended consequences as her “congestion pricing” toll disaster unfolds. 

The scheme squeezes average New Yorkers hard with a $9 toll to enter Manhattan south of 60th Street.

China announced plans on Friday to restrict exports of graphite, an essential ingredient in building batteries for electric vehicles, on national security grounds, according to the Ministry of Commerce and General Administration of Customs.

The move is a threat to President Joe Biden's goals for electrifying the U.S. car fleet.

Stellantis NV made its first proposal on wages to the United Auto Workers union Friday, offering a 14.5% pay raise to “most” union employees as it seeks to make progress in tense negotiations ahead of a Sept. 14 contract deadline.

The UAW said Friday its 150,000 members who work for Detroit Three automakers have given union leadership the OK to strike if necessary.

The strike authorization vote is more of a formality and was expected to pass, but given the strong rhetoric around the potential action against the automakers, it was given more weight this time than in the past.