European carmakers are trying to work out how much their prices might have to rise in response to looming U.S. import tariffs, industry sources said.
The auto tariffs will be felt sharply in Europe, for whom the U.S. is the biggest export market for an industry that supports nearly 14 million jobs.
European automakers, already struggling with tepid economic growth at home and looming Chinese competition, on Thursday decried the U.S. import tax on cars as a new, heavy burden that would hurt compa
An American Compass analysis attributes the quotas to an 8% increase in the cost of vehicles, more than 100,000 new U.S. jobs, eight new auto assembly plants, 300 new production facilities and more than $25 billon in foreign investment.
The levies could hurt European automakers when the industry is already struggling, especially in Germany, Europe’s biggest economy. By Jeanna Smialek and Melissa Eddy Jeanna Smialek reported ...
European automakers, already struggling with tepid economic growth at home and rising competition from China, on Thursday decried the U.S. import tax on cars as a heavy burden that will punish
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NewsNation on MSNAuto execs making last-ditch tariff appeal to the White HouseThe heads of auto companies Ford, GM and Stellantis are making a last-minute effort to appeal to the White House, NewsNation has learned.
Just after Ferrari announced it will boost its prices by 10% due to tariffs, a Wall Street firm has increased its estimate of new car price hikes.