Ford, GM, Stellantis granted 1-month tariff exemption after call with Trump
Last night in his address to Congress, President Donald Trump said Detroit automakers were “so excited” about the administration’s plans for the auto industry. But one area that isn’t giving excitement for automakers is tariff policy.
Ford, GM and Stellantis “Face 60% Free Cash Flow Hit from Tariffs”
The Big Three automakers Ford (F), General Motors (GM) and Chrysler-owner Stellantis (STLA) face a huge reduction in profits from a prolonged tariff war, according to analysts at Bernstein, adding to growing fears that an escalating trade war between the U.S. and its nearest neighbours could effectively wipe out profits for the auto industry.
Stellantis warns dealers of pain from tariffs, is in talks with Trump administration
Stellantis has told its U.S. dealers the 25% tariffs on products from Mexico and Canada will put the carmaker at a disadvantage against its Asian and European peers, an email sent to its retailers showed on Tuesday.
Car executives who’ve walked back their electric vehicle ambitions are breathing sighs of relief after the European ...
Carmaker Stellantis has nominated Daniel Ramot and Alice Schroeder as new board members, as well as proposing the re-election ...
A possible 25 percent levy on goods from Canada and Mexico is likely to raise the prices consumers pay for new cars and ...
Samsung SDI considers building a new plant in the US as it seeks to expand and offset Trump's EV policy. Other Korean makers ...
Both automakers have recalibrated product plans after ousting CEOs who bet aggressively on EVs that consumers weren't ready ...
Shares of General Motors, Ford, and Stellantis climbed on Wednesday after a report suggested that the Trump admin may delay ...
Jeep maker Stellantis told its U.S. dealers Tuesday that newly-imposed 25% tariffs on all products from Mexico and Canada ...
His new bill proposes to provide a 200% tax deduction for wages paid to American auto workers earning up to $150,000 a year.
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