US first-quarter auto sales get a lift from looming Trump tariffs
- In the first quarter, Ford reported a 5% overall sales increase, driven by a 19% rise in March, despite overall sales dropping 1% due to model discontinuation.
- General Motors reported new vehicle sales jumped nearly 17% compared to last year, attributed to consumers rushing to buy cars before the impending tariffs.
- President Trump announced a 25% tariff on imported vehicles, set to take effect on April 3, raising concerns over increased vehicle prices.
- Analysts warn that the tariffs could drive up car prices significantly, affecting all automakers and potentially reducing consumer demand for new vehicles.
196 Articles
196 Articles
Kristersson: Regrets US tariffs – but Sweden is prepared
In a post on X, Prime Minister Ulf Kristersson (M) calls the US tariff decision deeply regrettable. Minister of Foreign Trade Benjamin Dousa believes that “the US is greatly escalating the situation.” At the same time, the Prime Minister claims that Sweden is prepared.
How one of the largest auto suppliers in the world is preparing for Trump’s tariffs
Walking through a Michigan plant past whirring robotic arms and flying sparks, Swamy Kotagiri, the CEO of Canada-based auto supplier Magna MG.TO reflected on how he is trying to "control the uncontrollable" in the midst of industry-shaking tariffs.
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