menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Technology News

>

Trump tari...
source image

Teslarati

1M

read

122

img
dot

Image Credit: Teslarati

Trump tariffs could obliterate Ford, GM, and Stellantis profits, but Tesla may be safe: Barclays

  • Barclays analysts warn that Trump's 25% tariffs on imports from Canada and Mexico could potentially hit the profits of Ford, GM, and Stellantis.
  • GM and Stellantis could face a significant profit hit as over a third of their vehicles sold in the US are produced in Mexico and Canada.
  • The tariffs are estimated to add at least $3,000 more per vehicle, which could wipe out the profits of the D3 (Ford, GM, and Stellantis).
  • Tesla may be safe from the adverse effects as the company produces its vehicles in the US with minimal reliance on Mexican parts.

Read Full Article

like

7 Likes

For uninterrupted reading, download the app