Bill Koenig

1 week ago | forbes.com | Bill Koenig

Tariffs being implemented by President Donald Trump are only part of the uncertainty facing the auto industry, the CEO of major auto supplier Magna International Inc. said Tuesday. “It’s already been disruptive,” Swamy Kotagiri said during a presentation sponsored by the Automotive Press Association at Magna’s headquarters in Troy, Michigan, north of Detroit. “I believe it is untenable in the long run,” he said of tariffs.

1 week ago | forbes.com | Bill Koenig

To see how automotive companies are trying to keep up with increased U.S. tariffs on vehicles and auto parts, Premium Guard Inc. is a good place to start. The company makes aftermarket auto products, including replacement fuel filters. It has facilities in Canada and Mexico. PGI also has worked to diversify its supply chain. During the first administration of President Donald Trump, PGI moved to lessen its dependency on products from China.

3 weeks ago | forbes.com | Bill Koenig

The only sure thing as President Donald Trump’s tariffs unfold is that prices of cars and trucks are going up, a livestream panel said Thursday. “There is no way to sugarcoat it, everything is going to be more expensive,” Kevin Tynan, auto analyst and director of research as Presidio Group, said during the livestream. Cars.com and trade publication Automotive News conducted the livestream. Besides Tynan, participants included representatives of dealership organizations.

1 month ago | forbes.com | Bill Koenig

A January report by Dave Cantin Group, an advisor to auto dealers, said demand for large pickups and SUVs is reaching a peak. One question is, if true, what does that portend for the auto industry? Some automakers -- including General Motors Co., Ford Motor Co., and Stellantis – have mostly given up on producing cars to concentrate on large pickups and SUVs.Profits from those vehicles were supposed to finance investments in electric vehicles.

1 month ago | forbes.com | Bill Koenig

The Trump administration’s on-again, off-again tariffs are affecting the auto industry harder than other sectors, a supply chain expert said in an interview. “Automotive is ground zero,” said John Lash, group vice president of product strategy at software company e2open. “It is the industry that will be the most affected.”President Donald Trump on Feb. 1 implemented tariffs of 25% on goods from Canada and Mexico. The tariffs were then paused. This month, they were on again.