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.
CBT News2d
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." ...
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 ...
GM removes DEI language from annual report
General Motors joined other large U.S. corporations in removing the phrase diversity, equity and inclusion from its annual ...
New Trump tariffs likely to drive up car costs, wreak havoc on American auto manufacturing
On March 12, all steel imports will be taxed at a minimum of 25%, the result of two orders the president signed Monday that ...
Warriors Wire3d
Ford CEO says 25% tariff on Canada, Mexico would 'blow a hole' in US auto industry
Ford CEO Jim Farley did not mince words with Wall Street on Tuesday, describing the impact from a lasting 25% tariff as being ...
Ford CEO Isn’t Exactly Thrilled by Trump’s Tariff Strategy
But at least one major American executive is starting to crack under the pressure of the Trump tariff regimen: Ford CEO Jim Farley is ringing the alarm bells for the American automakers, warning that ...
Crain's Detroit Business1d
Livonia-based company looks inside Chinese vehicles and sees trouble for legacy automakers
Caresoft Global Technologies President Terry Woychowski shows how Chinese automakers have driven down costs by reducing parts ...
Ford’s CEO to Warn Lawmakers of ‘Devastating’ Tariff Impact
Ford Motor Co. Chief Executive Officer Jim Farley will travel to Washington on Wednesday to warn members of Congress that the ...