New U.S. tariffs on auto sector to devastate industry, raise consumer costs: leaders [Yahoo! Finance Canada]
General Motors Company (GM)
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Source: Yahoo! Finance Canada
Flavio Volpe, president of the Automotive Parts Manufacturing Association, says Trump seems determined to go ahead with auto tariffs despite the potential fallout. Trump announced 25 per cent on all automobile imports starting April 2, and says the major three automakers have to move their parts divisions back to the U.S. Shares of Ford, General Motors and Stellantis all slid in after hours trading. The North American automobile industry is heavily integrated among Canada, Mexico and the U.S. Volpe says the tariffs will lead to widespread shutdowns in the U.S. and Canada. This report by The Canadian Press was first published March 26, 2025. Rosa Saba, The Canadian Press Recommended Stories
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News
- Wobbly U.S. stocks face test with tariffs, jobs data [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Wall St futures edge lower on tariff woes; inflation data on tap [Yahoo! Finance]Yahoo! Finance
- Wall Street Abre A La Baja Por Los Aranceles A Los Automóviles [Barron's]Barrons
- Aranceles De Trump Aturden A La Industria Automotriz De EEUU [Barron's]Barrons
- Wall Street Cae Por Política Arancelaria De Trump [Barron's]Barrons
GM
Earnings
- 1/28/25 - Beat
GM
Sec Filings
- 3/26/25 - Form 8-K
- 2/26/25 - Form 144
- 2/26/25 - Form 8-K
- GM's page on the SEC website