Ford says it expects a $1.5 billion hit from tariffs this year
Ford Motor Co. says it expects to take a $1.5 billion hit to its operating profit from tariffs this year.
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Ford Motor Co. says it expects to take a $1.5 billion hit to its operating profit from tariffs this year.
General Motors is lowering one of its full-year financial forecasts as the company braces for the potential impact of auto tariffs.
An automotive industry expert says President Trump loves the art of making a deal; and therefore getting a better trade deal is most likely a goal, along with bringing more manufacturing back to the US. However, he also says it's easier said than done.
The operations of Tribar's Wixom location will be moving to Howell, according to plans announced earlier this month.
A Michigan WARN Act notice reports that Tribar Technologies operations will be consolidated in Howell.
President Trump's steep new tariffs on foreign cars could lead to a sharp decline in U.S. vehicle sales, according to S&P Global Mobility.
What do we know about the idea of pausing the auto tariffs? So there has been no official timeline so far no firm timeline. But President Trump has said that he wants to give automakers time to increase domestic production.
Slotkin is a former CIA officer who worked in national security roles in the Pentagon during the Bush and Obama administrations.
Shawn Fain, president of United Auto Workers, took to social media Thursday to give a policy speech. "There's a lot of uncertainty over what this moment holds," he said.
The automaker is working with local authorities on the investigation.
The layoffs begin Monday and are expected to last for several weeks.
As President Trump's 25% tariff on all imported vehicles kicked in overnight, it's expected that new cars are going to rise in price even more.
Jeep-maker Stellantis is idling production at plants in Canada and Mexico and will temporarily lay off 900 workers in the Midwest.
President Trump will impose 25% tariffs on all imported vehicles and auto parts starting April 3. Sam Darwich, owner of Northwestern Auto Repair in Farmington Hills, Michigan, joins CBS News to discuss how the tariffs could impact his business.
These automakers are the most and least exposed to President Trump's sweeping tariffs on automobiles.
President Trump's newly announced 25% tariffs on all vehicles and auto parts imported into the U.S. is set to take effect April 2.
Reaction to Trump's 25% auto tariffs include neighbors who insist "there shouldn't be any tariffs," to adversaries who say nobody will win a trade war.
President Trump on Wednesday said he is imposing a 25% tariff on automobiles not manufactured in the U.S.
The union said the tariffs could help bring back thousands of more automotive jobs across the U.S.
Automotive experts believe the buyouts are a cost-cutting move by reducing the workforce.
A 25% tariff on imported vehicles and vehicle parts from Canada and Mexico is set to take effect on April 2.
About 50 cars and trucks that are part of Ford's Heritage Fleet are on display in Dearborn, Michigan.
The Trump administration has imposed a 24% tariff on Canada and Mexico and a 10% tariff on China.
Here's how new tariffs on Canada, Mexico and China could impact car prices for consumers, according to a new analysis.
The financial report from auto maker Stellantis indicated its net profit for 2024 is down 70% from 2023.
