Reported 2 days ago
Major automakers, including Stellantis and Mercedes-Benz, have withdrawn their profit projections due to the unpredictable effects of Trump’s tariffs and trade policies, resulting in significant market uncertainty. This uncertainty has already caused around 40 companies globally to either pull or lower their guidance, as the auto industry braces for higher car prices and reduced demand amidst a struggling transition to electric vehicles. Executives have expressed a need for clarity amidst the chaos, with some automakers adjusting their forecasts in light of the changing tariffs and economic environment.
Source: YAHOO