Tariffs will slam car sales and production, analysts say
President Trump's steep new tariffs on foreign cars could lead to a sharp decline in U.S. vehicle sales, according to S&P Global Mobility.
Watch CBS News
President Trump's steep new tariffs on foreign cars could lead to a sharp decline in U.S. vehicle sales, according to S&P Global Mobility.
What do we know about the idea of pausing the auto tariffs? So there has been no official timeline so far no firm timeline. But President Trump has said that he wants to give automakers time to increase domestic production.
Shawn Fain, president of United Auto Workers, took to social media Thursday to give a policy speech. "There's a lot of uncertainty over what this moment holds," he said.
Slotkin is a former CIA officer who worked in national security roles in the Pentagon during the Bush and Obama administrations.
The automaker is working with local authorities on the investigation.
The layoffs begin Monday and are expected to last for several weeks.
As President Trump's 25% tariff on all imported vehicles kicked in overnight, it's expected that new cars are going to rise in price even more.
Jeep-maker Stellantis is idling production at plants in Canada and Mexico and will temporarily lay off 900 workers in the Midwest.
President Trump will impose 25% tariffs on all imported vehicles and auto parts starting April 3. Sam Darwich, owner of Northwestern Auto Repair in Farmington Hills, Michigan, joins CBS News to discuss how the tariffs could impact his business.
President Trump's newly announced 25% tariffs on all vehicles and auto parts imported into the U.S. is set to take effect April 2.
These automakers are the most and least exposed to President Trump's sweeping tariffs on automobiles.
Reaction to Trump's 25% auto tariffs include neighbors who insist "there shouldn't be any tariffs," to adversaries who say nobody will win a trade war.
The union said the tariffs could help bring back thousands of more automotive jobs across the U.S.
President Trump on Wednesday said he is imposing a 25% tariff on automobiles not manufactured in the U.S.
Automotive experts believe the buyouts are a cost-cutting move by reducing the workforce.
A 25% tariff on imported vehicles and vehicle parts from Canada and Mexico is set to take effect on April 2.
About 50 cars and trucks that are part of Ford's Heritage Fleet are on display in Dearborn, Michigan.
The Trump administration has imposed a 24% tariff on Canada and Mexico and a 10% tariff on China.
Here's how new tariffs on Canada, Mexico and China could impact car prices for consumers, according to a new analysis.
The financial report from auto maker Stellantis indicated its net profit for 2024 is down 70% from 2023.
The Detroit Auto Show will keep its traditional mid-January schedule for its 2026 showcase.
A total of 188 jobs will be lost when Akasol Inc. closes two Michigan facilities, according to a state WARN notice.
On Monday, the Trump Administration temporarily postponed a 25% tariff imposed on Mexico.
ElectroCraft has expanded its Ann Arbor facility, which will serve as a hub for motion control research.
Piston Automotive will expand its Detroit manufacturing facility, focusing on hydrogen fuel cells.
The superintendent said the decision was in response to new DEI policies from the Trump administration.
The teen was charged with one count of breaking and entering a building with intent and one count of possession of burglary tools.
Bank of America is hosting a nationwide initiative that offers $5 or less rounds of golf for Michigan youth between the ages of 6 and 18.
The district did not describe the graffiti in detail but said the principal's email to parents "failed to communicate this issue properly, and it did not represent the position of Lakeview Public Schools."
The National Oceanic and Atmospheric Administration issued a geomagnetic storm watch that will go into effect on Wednesday.
The superintendent said the decision was in response to new DEI policies from the Trump administration.
The teen was charged with one count of breaking and entering a building with intent and one count of possession of burglary tools.
A boy has died after he was hit by an ice cream truck Monday in Detroit, according to police.
Bank of America is hosting a nationwide initiative that offers $5 or less rounds of golf for Michigan youth between the ages of 6 and 18.
A new measles case was confirmed in Ingham County; possible exposure sites include stores, a church and a school.
Shawn Fain, president of United Auto Workers, took to social media Thursday to give a policy speech. "There's a lot of uncertainty over what this moment holds," he said.
Slotkin is a former CIA officer who worked in national security roles in the Pentagon during the Bush and Obama administrations.
The company says the layoffs are not related to tariffs. The layoffs are effective April 14.
The automaker is working with local authorities on the investigation.
The layoffs begin Monday and are expected to last for several weeks.
Residents of a small Michigan community stood side by side to help a local bookstore move 9,100 books — one by one — from its former site to a new location about a block away.
Jay North, who starred on TV's "Dennis the Menace" for four seasons starting in 1959, has died.
Nintendo has announced a June 5 launch date for its latest gaming console, the Switch 2.
Audiences at the Detroit Opera House expecting their performance of "Cosi fan tutte" to begin with the overture may be surprised to hear instead a product launch from a tech company CEO.
A unique talent, Val Kilmer was praised as an acting chameleon who took on varied and challenging roles, and the results were often memorable.
Bodycam footage released Tuesday from inside Gene Hackman and Betsy Arakawa's Sante Fe home showed their German shepherd "guarding her" body, a sheriff's deputy said.
A majority of the agency's COVID-19 vaccine work group now backs narrower "risk-based" recommendations.
President Trump's steep new tariffs on foreign cars could lead to a sharp decline in U.S. vehicle sales, according to S&P Global Mobility.
CDC experts were not made available to discuss the findings showing a rise in autism prevalence.
American Airlines said free Wi-Fi will be available to AAdvantage loyalty members through a partnership with AT&T.
A majority of the agency's COVID-19 vaccine work group now backs narrower "risk-based" recommendations.
CDC experts were not made available to discuss the findings showing a rise in autism prevalence.
A new measles case was confirmed in Ingham County; possible exposure sites include stores, a church and a school.
Steep cuts to the agency's workforce had disrupted drug and food safety inspections.
Arkansas, Hawaii and Indiana have joined a list of two dozen states with confirmed measles cases.
Bank of America is hosting a nationwide initiative that offers $5 or less rounds of golf for Michigan youth between the ages of 6 and 18.
Hobbs joins Kansas State's Serena Sundell and TCU's Madison Connor, who were selected No. 26 and 29, respectively, by Seattle.
Moritz Seider had a tiebreaking, power-play goal early in the third, Lucas Raymond scored midway through the period and Vladimir Tarasenko added an empty-net goal to lift the Detroit Red Wings to a 6-4 win over the Dallas Stars.
Rory McIlroy won a sudden-death playoff to finally win the Masters and take his place in golf history as the sixth player to claim the career Grand Slam.
Edouard Julien homered off former Auburn teammate Casey Mize, Byron Buxton also went deep and the Minnesota Twins beat the Detroit Tigers 5-1 to stop a three-game losing streak.
Lawrence Technological University is 93 years old with a strong regional imprint, which Dr. Tarek Sobh talks about on Michigan Matters.
A trio of experts talks about consumer needs when it comes to transit, which are evolving.
David Wasserman appears and talks about the two political parties.
It's a conversation about the first weeks of the Trump administration and its impact on Michigan.
Newly elected Michigan Democratic Party Chairman Curtis Hertel Jr. discussed his party and its future on CBS Detroit's Michigan Matters.
Dearborn Mayor Abdullah Hammoud delivered his second State of the City address on Tuesday. Hammoud spoke about priorities in his first three years in office and announced new plans for the city.
The superintendent of the Rochester Community School District sent a letter to families last week announcing that the district is eliminating its diversity, equity and inclusion (DEI) director position.
President Trump is threatening to tax Harvard University as a "political entity" after the institution rejected the Trump administration's demands to change its policy.
Police in Southfield, Michigan, say a DoorDash driver was held at gunpoint and his car was stolen at an apartment complex. Police say his 911 call helped police track down the car.
The ACLU of Michigan is suing the federal government after dozens of international university students had their student visa statuses revoked since the beginning of April.