Nathan Gomes

1 week ago | businesslive.co.za | Nora Eckert |Nathan Gomes

Detroit — Ford Motor suspended its annual guidance on Monday because of uncertainty around US President Donald Trump’s tariffs, saying the levies would cost the company about $1.5bn in adjusted earnings before interest and taxes. “It’s still too early to fully understand our competitors’ responses to these tariffs,” Ford CEO Jim Farley told analysts on Monday evening.

1 week ago | yahoo.com | Nora Eckert |Nathan Gomes

By Nora Eckert and Nathan GomesDETROIT (Reuters) -Ford Motor suspended its annual guidance on Monday because of uncertainty around U.S. President Donald Trump's tariffs, saying the levies would cost the company about $1.5 billion in adjusted earnings before interest and taxes. In February, the Dearborn, Michigan automaker projected earnings before interest and taxes of $7.0 billion to $8.5 billion for 2025. That forecast did not take tariffs into account.

1 week ago | azdailysun.com | Nathan Gomes |Kalea Hall

By Nathan Gomes and Kalea Hall(Reuters) -General Motors' Oshawa Assembly plant in Canada, which builds pickup trucks, will cut back to a two-shift schedule from three due to softening demand and trade-related challenges, the company and the union representing workers said on Friday. kAm&]$] !C6D:56?E s@?2=5 %CF>AVD E2C:77 A@=:4:6D 92G6 C2EE=65 E96 2FE@>@E:G6 :?5FDECJ[ 7@C4:?8 E96> E@ C6E9:?< H96C6 E96J D@FC46 E96:C A2CED 7C@> 2D H6== 2D AC@5F4E:@?

1 week ago | kfgo.com | Nathan Gomes |Kalea Hall

By Nathan Gomes and Kalea Hall(Reuters) -General Motors’ Oshawa Assembly plant in Canada, which builds pickup trucks, will cut back to a two-shift schedule from three due to softening demand and trade-related challenges, the company and the union representing workers said on Friday. U.S. President Donald Trump’s tariff policies have rattled the automotive industry, forcing them to rethink where they source their parts from as well as production output.

2 weeks ago | gurutrade.com | Nathan Gomes |Shounak Dasgupta |Shinjini Ganguli

May 1 (Reuters) - Harley-Davidson on Thursday suspended its annual forecasts as the motorbike maker navigates headwinds related to U.S. President Donald Trump's tariffs. Harley said it would deal with the current economic situation through cost cuts, mitigating risks within its supply chain, tightening operating expenses and reducing dealer inventory. Shares of the company rose about 1% in premarket trade.