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Stock impact report

Shares of GM and other automakers slump as they face higher costs from Trump tariffs [Globe and Mail, The (Toronto, Canada)]

General Motors Company (GM) 
Last general motors company earnings: 2/5 08:05 am Check Earnings Report
US:NYSE Investor Relations: gm.com/investors/index.html
Automakers have spread out their supply chains and production facilities throughout North America. Parts and production steps often cross one or more borders during the process. That means it will cost the major automakers more money to build their cars and trucks. The tariffs will take effect April 3. “Ultimately, if these tariffs remain in place, we see vehicle prices going higher to help offset the cost,” said Joseph Spak, analyst at UBS, in a note to investors. General Motors slumped 7.4%. The Detroit automaker could be among the hardest hit of its peers under broad tariffs, as it sources about 40% of vehicles sold in the U.S. from Mexico and Canada, according to analysts at JPMorgan. Ford, which slipped 3.9%, is less exposed with under 10% of vehicles sourced outside of the U.S., JPMorgan said. Stellantis, which is based in the Netherlands but has significant manufacturing operations in North America, fell 1.3%. Honda shares traded in the U.S. fell 2.2% and Toyota shares tr Show less Read more
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