Auto suppliers face more dire circumstances than automakers over President Donald Trump's tariffs, but their problems could quickly impact the broader industry.
Cadillac expects up to 35% of its U.S. sales this year to be EVs, as it continues to expand its lineup despite industrywide slower-than-expected adoption.
Goodyear Tire & Rubber Co. is facing a rapidly changing business with new technologies and increased competition from low-cost countries such as China.
The White House said it granted a one-month delay for tariffs on automakers whose cars comply with USMCA, which was negotiated during Trump's first term.
A third of North American vehicle production could be cut by next week as a result of Trump's 25% tariffs on Mexico and Canada, S&P Global Mobility reports.
Interim CEO Marc Winterhoff said Lucid's top priorities include doubling vehicle production in 2025, narrowing losses and increasing customer awareness.