‘This is existential’: Donald Trump’s tariffs drive US car sector into turmoil
Michigan’s ‘Big Three’ carmakers forecast a combined $7bn tariff-related hit to earnings in 2025
Michigan’s ‘Big Three’ carmakers forecast a combined $7bn tariff-related hit to earnings in 2025

US president has threatened to raise levies to 25% if EU does not implement last year’s trade deal

Higher levies mean rising costs for importing into the US, parts procurement and supply chain adjustments

The so-called Big Three of Ford, GM and Stellantis say the new tariff regime will cost them a combined $7bn this year

Jeep owner to create 5,000 jobs in Illinois, Ohio, Michigan and Indiana, sparking fears over Canadian plant

British carmaker blames global economic slowdown and Donald Trump’s trade policies for shortfall

Detroit carmaker has secured a $3bn credit line to prepare for rising cash pressure