The new car loan interest deduction can reduce your taxable income by as much as $10,000 a year, but you’ll need to buy a new luxury vehicle to get the full benefit.

President Donald Trump rolled out the idea for a new tax break on car loans during a 2024 campaign stop in Detroit. Here's how the new law works.

President Trump's "Big Beautiful Bill" might drive car sales up.A new tax cut is available to buyers as long as they purchase a U.S.-made vehicle.Trump's Big B

Donald Trump’s bold protectionist strategy has set the stage for a fierce battle between the U.S. and China in the global auto industry. With China’s dominance in electric vehicle manufacturing growing rapidly,

President Trump is expected to spend much of his time at his golf courses. He'll also meet with British Prime Minister Keir Starmer and European Commission President Ursula von der Leyen.

The American car market is grappling with an ongoing pricing crisis that shows no signs of easing. As consumers increasingly opt for premium models, the number of vehicles available for less than 30,000 USD has sharply declined.

President Trump threatens to raise tariffs, claiming the European Union won't buy U.S. cars or food — but 2024 trade data shows otherwise.

If you’re an American looking to buy a car right now, you’ll notice an awful lot of deals on electric vehicles. Ford is offering free home chargers; it’s also offering EV loans at 0 percent — as are Chevy,

The German automaker said U.S. import duties erased about $1.5 billion from its profit in the first half of the year, and it lowered its forecasts for the full year.