General Motors has reported significant losses due to tariffs, estimating $1.1 billion in Q2 alone and possible total losses of $5 billion for the year. Ford anticipates a $2 billion loss, largely from tariffs on imported materials. Stellantis, despite losing $2.7 billion, looks forward to lessened fuel efficiency fines. Aston Martin recognizes the tariffs as disruptive but benefits from lower rates on UK-built cars. BMW's margin fell but met expectations, while Volkswagen has incurred $1.5 billion in costs and revised its year forecast downward due to tariffs.
General Motors has cited Trump's tariffs as a significant financial burden, estimating losses of $1.1 billion in Q2 and a potential $5 billion by year-end.
Ford has projected costs of up to $2 billion this year due to tariffs affecting raw materials and components needed for production.
Stellantis reported losses of $2.7 billion this year from tariffs, but anticipates future benefits from reduced fleet fuel efficiency fines.
Volkswagen Group estimates that tariffs have incurred costs of $1.5 billion, leading to a downward revision in its forecasts for the remainder of the year.
Collection
[
|
...
]