Reported about 9 hours ago
A recent report reveals that automakers may face tariff impacts of $2,000 to $12,000 per vehicle, despite recent adjustments to trade levies on imported auto parts. U.S. vehicles could see impacts of $2,000 to $3,000, while imported luxury SUVs and EVs may incur hits of $10,000 to $12,000. General Motors anticipates a $5 billion impact from tariffs, and the automotive industry continues to push for favorable trade terms amid ongoing tariff challenges.
Source: YAHOO