Stephen Wilmot

London

Editor and Columnist, Heard on the Street at The Wall Street Journal

The Wall Street Journal's European autos reporter. Alum of the WSJ Heard on the Street column.

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Articles

Auto Stocks Fall After Trump Moves to Double Steel and Aluminum Tariffs

3 weeks ago | wsj.com | Stephen Wilmot

Auto Stocks Fall After Trump Moves to Double Steel and Aluminum TariffsToyota and Jeep maker Stellantis were among the losers on global stock markets Monday, with their shares falling roughly 3% in Tokyo and Milan, respectively. Investors were responding to President Trump’s pledge to double steel and aluminum tariffs to 50% from Wednesday—which would add to the companies' U.S. manufacturing costs. Shares in Ford (F) and General Motors (GM) stood modestly lower in thin premarket trading.
Cars Aren’t Affected by Court Tariff Ruling. Car Stocks Are Up Anyway.

4 weeks ago | wsj.com | Stephen Wilmot

Japanese and South Korean cars shipped to the U.S. are subject to a sector-specific auto tariff, not the broad “reciprocal” levies voided by a trade court. Yet Toyota had its best day in over a month in Tokyo, and other Asian car stocks such as Hyundai also performed strongly. Why? Sector bellwether Toyota reported strong sales for April, with global deliveries rising to a new monthly record.
米国の「英高級車愛」に危機、貿易合意でも去らず

1 month ago | jp.wsj.com | Stephen Wilmot

ベントレーやレンジローバーなど英高級車ブランド、米国市場での成長は今後危ぶまれる　トランプ関税で　米国人は昔からロールス・ロイスやベントレーといった英国の高級車ブランドに魅了され、ブランド側は米国の購入者に依存するようになった。今、この特別な関係が危機にさらされている。　米国と英国が今月、貿易を巡って合意し、英国の自動車産業はトランプ大統領の関税政策による最悪の事態を免れた。一方で、両国の合意は主要な成長市場である米国での英自動車業界の先行きに影を落とした。Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8ウォール・ストリート・ジャーナル日本版今すぐ購読する Special Advertising Section アクセスランキング
美英贸易协议难成全美国人的“英伦豪车情”

1 month ago | cn.wsj.com | Stephen Wilmot

美国人一直钟情于劳斯莱斯和宾利等英国豪华汽车品牌，这些品牌亦深度依赖美国市场。如今，这种“特殊关系”正面临考验。美国人一直钟情于劳斯莱斯(Rolls-Royce)和宾利(Bentley)等英国豪华汽车品牌，这些品牌亦深度依赖美国市场。如今，这种“特殊关系”正面临考验。上周，美英达成了一项贸易协议，使英国汽车业免于遭受美国总统特朗普(Donald Trump)全面关税政策的最严厉冲击，但也令该行业在一个关键增长市场的前景蒙上阴影。Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8立即订阅热门文章热门视频
America’s Love Affair With Posh British Cars Is Under Threat Despite Trade Deal

1 month ago | wsj.com | Stephen Wilmot

Second only to U.S. output in the 1950s, British car production peaked in the early 1970s. Since then, the industry has gone through more downs than ups, largely fallen into foreign hands and become a symbol of the country’s industrial decline. It has, however, found some success in a niche business: making luxury vehicles for the global elite, including lots of Americans.
America’s Love Affair With Posh British Cars Is Under Threat Despite Trade Deal

1 month ago | fnlondon.com | Stephen Wilmot

America’s Love Affair With Posh British Cars Is Under Threat Despite Trade DealTrade pact threatens the growth prospects of brands like Bentley and Range Rover in the key U.S. luxury market Published May 15, 2025 at 11:00 PM ET Americans have long been drawn to posh British car brands such as Rolls-Royce and Bentley, which in turn have come to rely on U.S. buyers. Now that special relationship is coming under strain.
Honda Braces for a $4.4 Billion Tariff Bill

1 month ago | wsj.com | Stephen Wilmot

A Honda dealership in California. The carmaker plans to offset the financial hit from tariffs by cutting costs and shifting some carmaking to the U.S. (David Paul Morris/Bloomberg News)Tariffs could cost Japan's second-largest automaker up to 650 billion yen this financial year—equivalent to $4.4 billion and almost half last year’s profit. Reporting results Tuesday, Honda forecast a roughly two-thirds slide in operating profit for the year through March 2026, due to tariffs and a stronger yen.
Car Stocks Accelerate on U.S.-China Truce

1 month ago | wsj.com | Stephen Wilmot

The U.S.-China truce trade is on, and the auto industry is center stage, thanks to its reliance on global production hubs and supply chains. Shares in Mercedes-Benz and BMW rose roughly 5% Monday. The German companies both make sports-utility vehicles in the American south for the U.S. market and for global export. The cheaper SUVs they sell in China are manufactured locally. But the most luxurious models come from the U.S. and were caught in the tit-for-tat tariffs now being temporarily unwound.
Car Stocks Accelerate on U.S.-China Truce

1 month ago | finance.yahoo.com | Stephen Wilmot

The U.S.-China truce trade is on, and the auto industry is center stage, thanks to its reliance on global production hubs and supply chains. Shares in Mercedes-Benz and BMW rose roughly 5% Monday. The cheaper SUVs they sell in China are manufactured locally.
Toyota’s Tariff Bill: $1.2 Billion in Two Months

1 month ago | wsj.com | Stephen Wilmot

Toyota's popular RAV4 plug-in hybrid. More consumers are embracing the hybrid technology the car maker pioneered. (Andrej Ivanov/Bloomberg News)President Trump’s tariffs will cost Japan's largest carmaker an estimated $1.2 billion for April and May alone. Beyond that, Toyota Chief Executive Koji Sato said Thursday, it was “very difficult to forecast” because details of the tariffs were still fluid, as U.S.-Japan talks continue.