Reported about 6 hours ago
According to a recent report by S&P Global, European and American automakers may face losses of up to 17% in their combined annual core profits if the U.S. enacts import tariffs on vehicles from Europe, Mexico, and Canada. Notably, companies such as Volvo and Jaguar Land Rover could be heavily affected due to their production bases in Europe, while General Motors and Stellantis, which manufacture large volumes in Mexico and Canada, are also at risk. Analysts warn that these tariffs, combined with stricter emissions regulations in the EU and increasing competition in China and Europe, could potentially lead to credit downgrades for these automakers.
Source: YAHOO