The move follows Ford Motor Co.’s launch of its ‘From America, For America’ campaign, which began Thursday and extends employee pricing to the public through June 2 on select 2024 and 2025 models, including imports.
The temporary U.S. layoffs affect factories in Michigan and Indiana, while the Ontario plant in Canada will shut down for two weeks, and the Toluca facility in Mexico will remain closed through April.
Ford Motor Company (NYSE:F) has experienced significant fluctuations in its share price related to tariff announcements in recent months. Ford shares are falling again Thursday as auto tariffs go into effect.
April 1, 2025 – Detroit, MI – As the United States navigates a shifting landscape of trade policies under the Trump administration, General Motors (NYSE: GM), one of America’s automotive giants, finds itself in a precarious position. Industry analysts and market observers widely anticipate that GM will bear the brunt of
Two major Michigan business organizations have warned that President Donald Trump's planned 25% tariffs on imported vehicles and parts would severely damage the state's auto-dependent economy and harm the working class.
Detroit’s ‘Big Three’ are pushing for exemptions on low-cost and labor-intensive parts, such as electrical wiring harnesses, typically sourced from Mexico and other low-wage countries.
Germany’s car industry is in the eye of the auto tariff storm. Stakeholders on both sides of the Atlantic must prepare for a period of uncertainty and increased costs.
Experts are warning consumers to prepare for additional price hikes due to President Donald Trump's new 25% tariff on imported vehicles and certain auto parts.
The stocks of automakers, Ford Inc. (NYSE: F), Stellantis NV (NYSE: STLA) and Tesla Inc. (NASDAQ: TSLA) declined 3.69%, 2.58%, and 1.59%, respectively during the pre-market trading session on Thursday.
President Donald Trump's announcement of a 25% tariff on auto imports has sparked widespread concern among economists and market analysts, with many warning of potential severe economic consequences.
Wedbush warned that if the tariffs remain in their current form, they would act as a "hurricane-like headwind" and push the average price of cars by $5,000 to $10,000.
Trump announced a 25% tariff on auto imports starting April 3, aiming to boost U.S. production but raising costs for automakers relying on global supply chains.
Piper Sandler analyst Alexander Potter downgraded Stellantis from Overweight to Neutral, cutting the price target to $13 from $23. The firm cites challenges such as leadership issues, lower margins, and pressures from Stellantis' electric vehicle strategy.
