U.S. auto pain is China’s gain [Globe and Mail, The (Toronto, Canada)]
General Motors Company (GM)
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Source: Globe and Mail, The
Shares of U.S. automakers tumbled on Thursday, after U.S. President Donald Trump announced his plans to put 25-per-cent tariffs on imports of vehicles and certain car parts. U.S. producers have finely honed supply chains across North America that were built over decades, so the added costs and disruption could seriously hamper their production and competitiveness. Shares of General Motors Co. GM-N -7.36% decrease fell 7.4 per cent on Thursday, with Ford Motor Co. down 3.9 per cent. Canadian auto parts makers were also slammed on the day, with Magna International Inc. dropping 6.9 per cent. But as the North American industry gets hammered by tariffs, the view is rosier in another location: China. BYD Co. Ltd. BYDDY +3.87% increase, the pre-e
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