- Federal Judges Rule Trump’s Tariffs Illegal - Auto Groups Urge Trump to Save USMCA Deal - Toyota North America Loses Money Despite Record Sales - Tesla Model Y Passes New U.S. ADAS Tests - Tesla China Deliveries Surge 36% In April - Tesla Semi Official Battery Specs Revealed - Tesla 4680 Cells Underperform Compared to Supplier Batteries - Porsche Cuts Board Seat and Lays Off Hundreds - Taycan Turbo GT Sets New Nurburgring Electric Record - BMW Introduces Pre-Chamber Ignition to M Series Engines

AD #4293 - Toyota North America Loses Money Despite Record Sales; Auto Groups Urge Trump to Save USMCA; Tesla Semi Battery Specs Revealed 

Autoline Daily

This is Autoline Daily, the show dedicated to enthusiasts of the global automotive industry. President Trump's tariffs were handed another setback, but the ruling will not affect automakers or suppliers. Three months ago, the Supreme Court ruled that the tariffs he implemented under the IEEPA are unconstitutional.

Now, federal judges on the Court of International Trade ruled that the tariffs implemented under Section 122 of the Trade Act of 1974 are illegal. Trump imposed across-the-board 10% tariffs using Section 122 to justify them, but that section specifically exempts cars, trucks, components, and any goods that qualify for the USMCA trade pact.

And speaking of the USMCA, automakers and suppliers are very worried the Trump administration wants to get rid of it, and they're practically begging him to keep it in place. At least six industry organizations sent a letter to US Trade Representative Jameson Greer telling him the free trade agreement is critically important to the industry's competitiveness. That included the Automotive Alliance, MEMA, the American Automotive Policy Council, the NADA,

the American International Auto Dealers Association, Autos Drive America, and the Auto Care Association. That's a very powerful automotive block of organizations that rarely get together to speak with one voice, and it shows just how concerned they are about the Trump administration breaking up the North American supply chain. Toyota reported record sales in the US last year, and right now its hybrids are practically flying off dealer lots.

And yet Toyota is losing money in the North American market. It lost $1.2 billion in its latest fiscal year, compared to making about a $700 million profit a year earlier. And we think something weird is going on here. Toyota sold 2 million vehicles in Japan and made a profit of $14.8 billion.

AD #4293 - Toyota North America Loses Money Despite Record Sales; Auto Groups Urge Trump to Save USMCA; Tesla Semi Battery Specs Revealed

Read the full transcript

The candid version is on a podcast,
not the earnings call.

AD #4293 - Toyota North America Loses Money Despite Record Sales; Auto Groups Urge Trump to Save USMCA; Tesla Semi Battery Specs Revealed

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.