GM HUMMER Ev Production in Detroit.
Photo by Jeffrey Sauger for General Motors
Detroit – The actions of Detroit car manufacturers closed higher on Friday after an afternoon report that President Donald Trump is considering “relief of significant tariffs” for the production of vehicles in the United States.
Actions for General Motors, Ford motor and Chrysler's father Stellantis changed negotiation level or until closing between 1% and 4% in the Reuters report.
The news organization, citing Republican Senator Bernie Moreno de Ohio, as well as car officials, said the potential change could “effectively eliminate much of the costs that the main car companies are paying.”
“The signal for automotive companies around the world is, look, you have a final assembly in the United States: we will reward you,” Moreno told Reuters during an interview. “For Ford, for Toyota, for Honda, for Tesla, for GM, those are, almost in order, the five main producers of domestic content vehicles will be immune to tariffs.”
GM, Ford, Stellantis and Tesla Stocks
Reuters reported that the changes could include extending a tariff displacement of 3.75% for five years, as well as adding American motor production to relief.
Ford shares, which gather most vehicles in the US, closed on Friday in a new maximum of 52 weeks of $ 12.67, an increase of 3.7%. Stellantis's shares, which are quoted in the United States, closed 3.2% to $ 10.73 per share, while GM closed to $ 60.13, 1.3% more
Tesla The actions changed little in the news, closing 1.4% to $ 429.83 per share, while the actions found in the United States for other car manufacturers with notable operations in the United States, such as Honda engine and Toyota motorHe saw blows.
Trump rates of 25% in imported vehicles and pieces have been an important concern for the automotive industry, which cost companies billions of dollars in higher costs.
Ford said previously that he waited $ 3 billion in costs related to the US rate. UU. This year, of which $ 1 billion of which he believed he could mitigate. GM has said that I expected up to $ 5 billion in costs related to the gross rate this year, and added that it could avoid at least 30% of that cost this year.
Automobile manufacturers have been pressing Trump administration to obtain help, especially for vehicles produced in the United States, as well as those imported from Canada and Mexico.
