Mon, 04 Nov 2024 21:43:39 GMT (1730756619254)
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6 years ago
US automakers to Trump: Don't slap tariffs on imported carsAmerica's auto industry is bracing for a potential escalation in President Donald Trump's tariff war with the world, one that could weaken the global auto industry and economy, inflate car prices and trigger a backlash in Congress. Late Sunday, the...
6 years ago
Tariffs force some automakers to dim earnings outlookA Trump administration-led trade war with China and U.S. tariffs on steel and aluminum are putting pressure on earnings for automakers, prompting General Motors to slash its outlook and, among other factors, cutting into Ford Motor Co.'s earnings.GM cited ...
6 years ago
BMW: Tariffs mean higher prices in China for US-made SUVsAutomaker BMW says it will have to raise prices on the U.S.-built SUVs it sells in China due to higher tariffs.China raised the import tax on cars from the United States to 40 percent in retaliation for higher tariffs on...
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