On March 27, 2025, a cargo truck with new pickup heads for us at the Ottoy Commercial Crossing in Tijuana, Baja California, Mexico.
Gilromo Arius | AFP | Getty images
Detroit – Vehicle manufacturers’ shares shut down higher on Monday after President Donald Trump Said that he is “helping some of car companies” between his 25% auto tariffs.
Automkers “need a little time” to transfer their production to the US, Trump said during a meeting with Salvadorine President Naib Bokele at the Oval office during a meeting on Monday.
Without expanding the potential plans, Trump said, “I am looking for something to help some car companies, where they are switching to some parts made in Canada, Mexico and other places, and they need some time because they are going to make them here.” “But they need some time, so I am talking about such things.”
Comments pushed stock Ford Motor, General Motors And Chrysler Parents Descendant Higher with each between 3% and 6% after a pre -trading flat or negative. Share of Rivian motor vehicle On Monday, 4.9%closed, while shares Tesla There were levels.
Like shares of other vehicle manufacturers Toyota motor, Honda Motor And EV Startup Lousid group Closed between 1.5% and 2%.
A senior motor vehicle industry executive has described Trump’s comments as “some recognition as it is difficult for the industry.”
Trump’s comment comes on Monday 3 April after implementing automotive tariffs on imported vehicles of 25% on 3 April.
Despite reducing tariffs on most countries last week and giving to technical companies Apple Discounts from levy over the weekend, Motor vehicle tariffs remain effective,
Are automakers Tariff replied In many ways. The manufacturers who are mostly domestic, such as Ford and Salentis, have announced temporary deals for employee pricing, while others, such as British car manufacturers Jaguar Land Rover, have stopped the shipment. Hyundai Motor It is also said that this consumer will not increase prices for at least two months to reduce concerns.
GM strategically increasing some American production, including upd Output in a pickup truck plant In Indiana as well as a facility in Tenasy, the next month’s announcement of downtime was canceled.
The plant leadership said in a message to the workers viewed by CNBC, “The company continues to update and modify the production program as part of its standard process of vehicle list evaluation and management.” “The first announced downtime for the week of May 12 is being canceled, which means that the vehicle will run normally in the assembly.”
A GM spokesperson on Monday confirmed the change in plans for the Tennessi plant, which Produces many cadilac crossover,
