GM expects to mitigate up to 50% of potential North American tariffs, which Ford describes as 'chaos'
CEO Mary Barra said GM has contingency plans ready for if tariffs are levied on auto parts and vehicles coming into the U.S.
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GM Says It Can Mitigate Up To Half Of Potential Trump Import Tariffs
GM CEO Mary Barra and CFO Paul Jacobson have planned for every realistic possibility of new tariffs under President Trump, ...
Auto Executives Try to Sway Trump on Tariffs, EV Subsidies
Farley said tariffs on Mexico and Canada would benefit the company’s foreign rivals in the auto sector, people with knowledge ...
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‘Costs And Chaos!’ Ford CEO Warns Trump Tariffs Will ‘Blow A Hole’ In Auto Industry
Ford CEO Farley warned that Trump’s tariff threats will “blow a hole” in the auto industry and manufacturers faced a spike in ...
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GM to dodge 50% of tariff costs, Ford sees industry at risk
GM plans to offset up to 50% of tariffs, while Ford warns they could devastate the auto industry, calling the impact "chaos." ...
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GM Plans to Offset Up to 50% of Potential Tariff Costs, Ford Calls It 'Chaos'
Proposed tariffs on auto parts and vehicles from Canada and Mexico could “blow a hole in the U.S. industry that we’ve never seen, ...
Tesla Rivals Call For Gradual Elimination Of EV Tax Credits: 'Many Of Those Jobs Will Be At Risk'
The US automotive industry is appealing to Washington lawmakers to gradually phase out electric-vehicle (EV) tax credits over ...
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GM Has Plans In Place If Trump Imposes Canada And Mexico Tariffs
GM says it's ready with several plans if Trump imposes threatened 25-percent tariffs on imports from Canada and Mexico, to ...
Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
General Motors swung to a loss in the fourth quarter on huge charges related to China, but still topped profit and revenue expectations on Wall Street.