Ford, Trump and Tariff
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MarketWatch |
As American businesses and shoppers try to figure out the effects of President Donald Trump’s tariffs, one research center is offering estimates on what his new import taxes mean for automakers.
The Boston Globe |
his administration abruptly said it would suspend these higher rates for 90 days, and instead maintain a recently-imposed 10% levy on nearly all global imports.
The New York Times |
“Whenever anything happens around here and it affects JLR big time, all the other subsidiary companies tend to have to lose workers, which then has an impact for the wider community,” she said.
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UBS is getting bearish on General Motors (GM) and President Trump’s 25% auto tariffs are to blame. UBS downgraded GM to Neutral from Buy and lowered its price target to $51 from $64, claiming tariff impact will result in weaker sales and higher costs.
General Motors has temporarily halted production of its BrightDrop electric delivery van as the automaker will initiate temporary layoffs starting April 14 and workers will return in May for limited production.
Not long after President Trump announced massive 25% tariffs on automotive imports in the United States, General Motors has responded by revealing it will increase production of light-duty trucks at its assembly plant in Fort Wayne,
The longterm stability of GM's South Korean division, GM Korea, has been called into question in the face of new tariffs enacted by the Trump administration.
GM leadership said teams are studying the Trump tariff mandate to devise scenarios to best navigate any impacts from the taxes. Ford CEO Jim Farley expects impact from tariffs to be "significant" across the industry. Both companies advise workforce to stay ...
Factory Zero production is being readjusted as GM needs to rethink its EV strategy in light of the current market situation
Financial analysts are predicting Trump tariffs could reduce profit-sharing checks for UAW members who build cars for American automakers, including GM.
General Motors is the latest automobile company to respond to President Donald Trump’s newly implemented auto tariffs, announcing it will be ramping up production in Indiana. The shake-up for GM, known for brands such as Chevrolet,
According to Unifor, GM will initiate temporary layoffs on April 14 and then bring workers back for limited production in May. Production
UBS downgraded GM’s stock to neutral from buy and slashed its price target on the stock to $51 from $64. Analysts also cut their first-quarter earnings estimate for GM to $2.79 a share from $2.89. The auto giant reports its first-quarter results on April 29.