GM, Ford fall on Trump tariffs seen adding about US$3,000 to car prices

Quick Summary:

The increase would add an almost US$50,000 cost that many consumers are struggling to afford.

Additional levies could also pose risk to a push by Jeep and Ram brand owner Stellantis to shift its manufacturing footprint to lower-cost countries, including Mexico.

GM and Stellantis import 55 per cent of trucks sold in the US from Mexico and Canada, according to Bernstein.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: EconomyBusiness

Markets: SingaporeCanadaChinaMexico

Topics: Tariffs Tariff Ford Trump Cent Auto Stellantis Canada Trade Mexico Shares

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-27 @ 08:05:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 1065 words

Reading Time: 6 minutes read

Sentences: 40 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 23899713

View Article Analysis

About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 19 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 2 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #25

Publisher Details

Frequently Asked Questions