The discussion opens with the impact of President Trump's 25% tariffs on imported vehicles and parts, highlighting the significant challenges faced by German automakers like Volkswagen and Mercedes, including halted shipments and rising car prices. The episode also covers Tesla's disappointing Q1 sales amidst growing competition, contrasting with BYD's rising global EV dominance. Hyundai's reveal of the all-new NEXO fuel cell vehicle showcases major powertrain and design upgrades, while Genesis introduces bold new concept cars. Toyota's leading patent count in the US and the launch of Autoline's membership program round out the episode.
Topics:us tariffs on imported vehiclesgerman automakers impacttesla q1 sales declineev market competitionbyd ev sales growthhyundai nexo fuel cell updatesgenesis concept carstoyota patentsautomotive industry membership program
- Trump Officially Announces Tariffs on U.S. Imports - German Auto Stock Prices Getting Hammered - Possible Price Increases a Guessing Game - Tesla Has Rough Q1 - Rivian Sales Down, But Keeps Full Year Forecast - Gravity SUV Likely Drove Lucid Sales Up - BYD On Pace to Be Top BEV Maker - Hyundai Reveals All-New NEXO Fuel Cell Vehicle - IONIQ 6 EV Gets a Refresh - Genesis Makes a Design Statement - Toyota Has Most Auto Patents 11 Years In a Row
"...i group for another moment, but switching over to Genesis, the Korean luxury brand revealed two new concept..."
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Speaker 1: This is Autoline Daily, the show dedicated to enthusiasts of the global automotive industry, and we start off today with the one thing that everyone in the world seems to be talking about, Trump's tariffs. Obviously, we're only going to
look at the ones that impact the auto industry, but that impact will likely be massive. Yesterday, the President confirmed
that he's adding a twenty five percent tariff on all imported vehicles and components coming into the US. For vehicles
imported from Canada and Mexico, the terraffs will apply only to the non US content. For components imported from Canada
and Mexico, nothing changes until US customs can figure out how to process the terraffs on the non US content.
To offset the impact on consumers, the President said he wants to let car buyers deduct the interest they pay on car loans from their income taxes, but that's legislation that still needs to get passed. And it looks like
all this tariff uncertainty has hit the stock prices of German automakers really hard. Volkswagen is down sixteen percent over
the last week, Mercedes is down eleven percent, Bmw almost fifteen percent, and Portia is down by fourteen percent. Bloomberg
reports that Volkswagen stopped all rail shipments of cars from Mexico and is holding all imports from Europe at ports.
VW also told its dealers it's going to start applying import fees to the cars that they buy. And as
we reported yesterday, Mercedes is considering stopping shipments of the Gla, the least expensive crossover that it sells in the US.
And now everyone is wondering how much car prices are going to go up, but so far it looks like a guessing game. Cox Automotive predicts that car prices will
go up across the board by two point eight percent.
Black Book says they'll go up by five percent, while Morgan Stanley says it will be eleven to twelve percent.
What automakers are likely going to do is spread the cost of the tariffs across all other vehicles, to spread the pain, so to speak. And by the way, on
Auto Line after hours later today, here's what the main topic will be as the CEO of a car company or supplier. How do you deal with the tariffs? What's
the plan, what's the strategy? We're going to have Egar Foller,
the chief economist from the Center for Automotive Research, on the show, and Paul Eisenstein from Headlight dot News will also be on, so we invite you to join John and Gary when the show goes live at three pm Eastern Time today.
Speaker 2: There's nothing wrong with heavy metal, hey light enough, but with world class composite material taging automotive technologies makes vehicles lighter, safer, and more eco friendly.
Speaker 1: Those first quarter sales were the lowest in nearly three years.
The evmaker sold a little under three hundred and thirty seven thousand vehicles globally in the first three months of the year, which is down thirteen percent compared to a year ago. Analysts point to the backlash against Elon Musk, politics,
increased competition, and the changeover to the new model hy Tesla's stock dipped after it reported sales, but it rallied after reports surface that Musk will soon step down from his role in the Trump administration. However, the White House
denied that report and said that Musk will stay on until his work is complete. But Tesla wasn't the only
ev maker that struggled in the first quarter. Rivian delivered
just over eighty six hundred vehicles, down thirty six percent compared to a year ago, and its production outpaced its sales by a wide margin. Rivian built more than fourteen thousand,
six hundred vehicles in the first quarter. The company said
it did anticipate the lower deliveries in Q one due to quote unquote seasonality and increase competition, but despite the Q one dropping sales, Rivian reaffirmed its annual delivery forecast of forty six to fifty one thousand vehicles. Meanwhile, Lucid
had a strong first quarter. The ev startup delivered three thousand,
one hundred and nine vehicles, up fifty eight percent compared to last year, a likely benefit from the introduction of the Gravity suv. But despite the big boost in sales,
Lucid estimates that its first quarter revenue came in between two hundred and thirty two and two hundred and thirty six million dollars, which is below Wall Street estimates of two hundred and fifty six million. But no other EV
maker is having sales success like byd right now, it delivered just under four hundred and sixty ten thousand, four hundred pure electric vehicles in the first quarter, which is nearly eighty thousand more than Tesla, and it's the second consecutive quarter that BYD has outsold Tesla in bev's and according to Counterpoint research, BYD is projected to overtake Tesla in global BV sales this year. It forecasts that BYD's
global b EV market share will be fifteen point seven percent and twenty twenty five, compared to fifteen point three percent for Tesla. Hyundai revealed the all new version of
its Nexso fuel cell vehicle that hits the market around the world before the end of the year. The design
is based around the Initium concept that the company debuted last year, and the vehicle is longer, wider, and taller than before, which helps provide more interior space. The front
seat area of the interior is highlighted by a large curve display screen, and you may also notice a couple of screens at each end of the dash for the camera based side view mirror system. Hyundai made a number
of upgrades to the powertrain system as well. Power output
of the fuel cell stack increased sixteen percent. It got
a new more powerful electric motor, the power electronics were improved, and output of the battery doubled. When you put that
all together, the new Nexo now produces one hundred and ninety kilowats or nearly two hundred and fifty five horse power instead of one hundred and thirty kilowatts or about one hundred and seventy five horse power like before. That
lowers the zero to one hundred kilometers an hour time, which is roughly the same as zero to sixty from nine point two seconds down to seven point eight. Another
benefit of the system upgrades or that Hyundai says the new Nexo will now have the ability to tow with its capacity topping out at one thousand kilograms or about twenty two hundred pounds. And lastly, and verus so slight
increase in tank capacity also does two things. One Hyundai
is expecting an increased range of seven hundred kilometers or about four hundred and thirty five miles, and two you can power devices that plug into a standard electrical outlet on the side of the vehicle for longer periods of time.
And In other Hondai news, the automaker refreshed the look of the all electric Ionic six Sidan. The design at
the front end is a little more simplistic with new thin headlamps, and there's some slight tweaks to the interior as well. Hundai added a new sportier looking end line model,
and it looks like it teased the full blown Ionic six N in the background of one of the pictures.
And let's stay with the Hyundai group for another moment, but switching over to Genesis, the Korean luxury brand revealed two new concept cars that we think make a pretty big design statement, even though they're based around the existing G Nineidan but instead of four doors, these are extra long two door coups. One is a hard top and
the other is a convertible, and together they're meant to show off the capabilities of Genesis and possibly provide a look at future design directions. For the eleventh consecutive year,
Toyota had the most patents amongst automakers in the US.
The automaker ranked in the top ten overall with two thousand, four hundred and twenty eight patents in twenty twenty four.
Toyota received patents in a whole host of areas, including cybersecurity, driver assistance, edge computing, electric and fuel cell vehicles, manufacturing, robotics, and bidirectional technology. As most of you know, we launched
a membership program yesterday to help support Autoline and we're off to a good start. Where extremely grateful for everyone
that's already signed up for a membership, which costs a few dollars a month, and we really need all of your support to continue our reporting on the global automotive industry.
You can sign up on our YouTube homepage just look for the tab that says join, or better still, you can start an Autoline membership with Patreon. That link is
now in the description box of today's show, and we've also provided a link in the transcript on our website. Anyway,
that brings us to the end of today's show. Thanks
for your interest in our reporting on the global automotive industry, and I hope to see you later today for Autoline after Hours.
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