Reported about 14 hours ago
Despite initial fears that Trump's tariff policy would devastate the auto industry, car manufacturers have managed to weather the storm better than expected. As tariffs on imports were gradually reduced, automakers like Ford and General Motors recalibrated their financial forecasts significantly downward. Notably, the elimination of hefty penalties for fuel efficiency violations has also provided a financial cushion for the industry. Moreover, producers have adjusted production strategies to focus on more profitable models, resulting in a surprisingly robust outlook for automaker profits.
Source: YAHOO