Trump Administration May Withdraw $1.1 Billion in Funding for Domestic Vehicle Manufacturing: TDS
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TDS compiles all the latest car news from across the globe into one concise location. Each story is summarized in a single sentence, along with a link for those interested in additional details.
I've finished my first cup of coffee and am definitely ready for another, so let's dive in.
🚘 What I'm currently driving: A 2026 Ram 1500 Big Horn priced at $63,835 with cloth seats, featuring a Hemi V8 engine and a loud exhaust.
💸 The Trump administration's Department of Energy is considering revoking nearly $1.1 billion in funding previously allocated by the Biden administration to Stellantis and General Motors as part of a larger $12 billion budget cut linked to the government shutdown; this funding was designated for U.S. factory upgrades.
🔋 Tesla has introduced new, less expensive base trims for the Model 3 and Model Y, known as Standard, which reduce a variety of features while only decreasing the price by about $5,000, keeping them pricier than the Chevy Equinox EV.
🤝 Nissan is reportedly in talks with several automakers, possibly including Ford and Stellantis, about redesigning its Rogue using the e-Power hybrid system, which might also serve as a replacement for the Ford Escape.
🧑🤝🧑 Despite several attempts to strengthen its connection to the U.S. market, Hyundai is experiencing a chilly reception from the Trump administration.
🏎️ The 2026 Aston Martin DB12 S has been unveiled, boasting increased power, a modified chassis, and standard carbon-ceramic brakes.
‼️ Hyundai has recalled 135,386 Santa Fe crossover SUVs due to a potential fire hazard related to a poorly installed starter motor.
🪦 The BMW 8-Series and Z4 are being quietly phased out, with no indications of direct successors on the horizon.
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Trump Administration May Withdraw $1.1 Billion in Funding for Domestic Vehicle Manufacturing: TDS
The Biden administration granted the loans last year to be utilized for upgrading U.S. factories.