Detroit Auto -shares jump to the report on the tariff relief for US vehicles
GM Hummer EV production in Detroit.
Photo by Jeffrey vacuum cleaner for General Motors
Detroit – The shares of the car manufacturers in Detroit closed on Friday
Shares for General MotorsPresent Ford engine and Chrysler parent Sternantis Postponed from the commercial level or after closing between 1% and 4% in the report by Reuters.
The news organization, citing the Republican Senator Bernie Moreno from Ohio and auto officers, said that the potential change could “effectively eliminate a large part of the costs that large automotive companies pay”.
“The signal for the automotive companies all over the world will see, you have the final assembly in the USA: we will reward you,” Moreno told Reuters during an interview. “For Ford, for Toyota, for Honda, for Tesla, for GM, these are almost in the order of the five most important content driver producers – they will be immune to tariffs.”
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GM, Ford, Stellantis and Tesla shares
Reuters reported that the changes could include the expansion of a tariff offset of 3.75% for five years and the absorption of US motor production.
The Shares of Ford, which put together most vehicles in the USA, closed on Friday with a new 52-week high of USD 12.67 and an increase of 3.7%. The US shares of Stellantis closed 3.2% to $ 10.73 per share, while GM closed at $ 60.13, which corresponds to an increase of 1.3%
Tesla The share was hardly changed in the news and closed 1.4% to $ 429.83 per share, while the US stocks for other car manufacturers with remarkable processes in the USA such as: Honda engine And Toyota enginesaw bumps.
Trump’s tariffs of 25% for imported vehicles and parts were very important for the automotive industry and cost companies with higher costs of billions of dollars.
Ford previously said that this year was expecting $ 3 billion of tariffs, which it believed that it could be mitigated. GM has explained that this year up to $ 5 billion is expected at the cost of gross tariffs, and that this could possibly avoid at least 30% of these costs this year.
The car manufacturers used the Trump management for relief, especially for US-produced vehicles and for those who were imported from Canada and Mexico.
