David Welch

4 weeks ago | business-standard.com | David Welch |Ed Ludlow |Kara Carlson

Elon Musk is pushing lawmakers to help clear a path for driverless vehicles, according to people familiar with the matter, part of a broader effort behind the scenes to lobby for a key priority of Tesla Inc. In recent weeks, Musk and people who work for him have been calling members of Congress directly to gather support, said the people, who asked not to be named because the discussions are private.

2 months ago | business-standard.com | Keith Naughton |David Welch

US automakers are making a last-ditch effort to sway the Trump administration on tariffs set to take effect this week, contending that levies on the thousands of parts they source abroad could have catastrophic effects on the industry. Ford Motor Co., General Motors Co. and Chrysler parent Stellantis NV are lobbying the administration to exclude certain low-cost car components from the planned tariffs, according to people familiar with the matter.

2 months ago | business-standard.com | David Welch |Gabrielle Coppola |Keith Naughton

Car shoppers are descending on showrooms. Automakers are speeding up shipments of new vehicles. Dealers are huddling with their rivals to exchange ideas on how best to cope. And a Hyundai Motor Co. sales executive urged retailers not let the opportunity pass by: "The focus should now be....SELLING TO A RECORD!!!!" the memo exhorted.

Feb 18, 2025 | business-standard.com | Gabrielle Coppola |David Welch

Toyota Motor Corp. has agreed to shift a $1.5 billion order with LG Energy Solution to bolster operations at a Michigan battery plant after General Motors Co. backed out of the project, according to people familiar with the matter. GM said in December it would sell its $1 billion stake in the Lansing, Michigan, plant, leaving LG scrambling to find new customers.

Feb 3, 2025 | business-standard.com | Jacob Lorinc |David Welch |Amy Stillman

President Donald Trump's tariffs against Canada and Mexico will threaten production at automakers across North America and send record vehicle prices even higher, with about a quarter of a trillion dollars in trade set to be disrupted. Trump on Saturday followed through on his warning to impose 25 per cent tariffs on imports from the two countries, blaming the flow of migrants and drugs over the US borders - as well as large trade deficits - for the move.