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2 weeks ago | 
businessandamerica.com | Neal Boudette
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2 weeks ago | 
seattletimes.com | Neal Boudette
Automakers are worried that President Donald Trump’s tariffs on imported cars and auto parts will soon increase their costs and start eating into profits. But at least one business in the auto industry thinks the tariffs could give it a lift. That company is Carvana, an online retailer of used cars that has gained fame for storing vehicles in distinctive “vending machine” towers.
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3 weeks ago | 
nytimes.com | Neal Boudette
A House Republican bill introduced this week would do away with tax credits that had encouraged Americans to buy electric vehicles and automakers to invest in new factories. Sales of electric vehicles have been rising in recent years, partly because of a $7,500 tax credit from the federal government that helps lower the cost of buying one. But a budget bill that House Republicans released on Monday would end that tax credit.
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3 weeks ago | 
nytimes.com | Neal Boudette
The chief executive of Carvana, which sells used cars online, said President Trump's tariffs could help his company by increasing demand for its vehicles. Automakers are worried that President Trump's tariffs on imported cars and auto parts will soon increase their costs and start eating into profits. But at least one business in the auto industry thinks the tariffs could give it a lift.
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4 weeks ago | 
nytimes.com | Neal Boudette
Image Trade war: President Trump suggested on Friday that he was open to slashing tariffs on China to 80 percent from 145 percent. His comments on Truth Social came as Treasury Secretary Scott Bessent prepared to meet with his Chinese counterpart, He Lifeng, in Switzerland this weekend. "80% Tariff on China seems right! Up to Scott B," Mr. Trump wrote.
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1 month ago | 
auto.economictimes.indiatimes.com | Neal Boudette
The automaker faces disruptions in supply chains and potential retaliatory tariffs. First-quarter profits declined significantly, attributed to lower vehicle sales and production adjustments, despite reduced losses in the electric vehicle sector. Ford Motor said Monday that the Trump administration's tariff policies were likely to lower its 2025 profit, before interest and taxes, by about $1.5 billion.
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1 month ago | 
nytimes.com | Neal Boudette
Ford Motor said on Monday that the Trump administration's tariff policies were likely to lower its 2025 profit, before interest and taxes, by about $1.5 billion. The company also dropped its forecast for the year, saying that predicting the future had become too hard. Ford is less affected by President Trump's 25 percent tariffs on vehicles than other automakers because most of the vehicles it sells in the United States are made in the country.
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1 month ago | 
flipboard.com | Neal Boudette
2 hours agoWhat Car Looks Cooler Than It Actually Is? Sayings like "looks can be deceiving," "don't judge a book by its cover," and "beauty is more than skin deep," are all platitudes meant to encourage …NowHere's Why Ford Motor Stock Is a Buy Before May 5Ford pays a generous dividend yield while trading at a modest P/E ratio. The countdown has begun.
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1 month ago | 
nytimes.com | Neal Boudette
General Motors cut its profit forecast for 2025 on Thursday by more than 20 percent and said that the Trump administration's tariffs would increase its costs by $4 billion to $5 billion this year. In a conference call with analysts, G.M. executives said the company now expects to make $8.2 billion to $10.1 billion this year, down from a previous forecast of $11.2 billion to $12.5 billion.
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1 month ago | 
nytimes.com | Neal Boudette
General Motors is abandoning a previous forecast for solid profit growth this year as a result of the uncertainty created by President Trump's trade policies, the automaker said on Tuesday. The Trump administration imposed a 25 percent tariffs on imported cars this month and has said it will impose a 25 percent duty on imported parts on Saturday. About half the cars that G.M. sells in the United States in a typical year are made abroad, mostly in Canada and Mexico.
