3 Auto Stocks Sliding on Trump Tariff Concerns

02:35pm, Tuesday, 26'th Nov 2024
The auto sector is taking a hit today, after President-Elect Donald Trump announced his  latest tariff plans , which include a 25% tariff on goods from Mexico and Canada (higher than the proposed bla
The latest trade news out of the next Trump administration has markets on the move, hitting big automakers' shares and the stocks of America's neighbors.
Stocks of GM and Ford took a hit, amid concerns that Trump's plan for tariffs on imports from Mexico and Canada could cut auto sales more than a million cars.
The president-elect will waste little time in making good on his campaign promise, pledging to impose 25% levies on Mexico and Canada on his first day back in the White House.
Zacks.com users have recently been watching Ford Motor (F) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Ford F is set to reduce its European workforce by around 4,000 employees, approximately 14% of its regional headcount, citing weak demand for electric vehicles (EVs), insufficient government support f
After years of spending capital freely on all-electric and autonomous vehicles, automakers are starting to pull back. It takes a significant capital investment every time an automaker launches a new p
Ford Motor Co. said that the EU's "CO2 regulations" contributed to the decision to cut their European workforce 14% by 2027.
TORONTO, Nov. 21, 2024 (GLOBE NEWSWIRE) -- “Yesterday, the Government of Ontario introduced the Cutting Red Tape, Building Ontario Act, 2024 within their Fall 2024 Red Tape Reduction Package, which,
COLORADO SPRINGS, Colo.--(BUSINESS WIRE)--Venu Holding Corporation (VENU), premium live entertainment and hospitality company and owner of Ford Amphitheater in Colorado Springs, has been nominated for

Ford Mistakes Pressure CEO Farley

07:15am, Thursday, 21'st Nov 2024
24/7 Wall St. Insights Ford Motor Co. (NYSE: F) CEO Jim Farley is under a lot of pressure.
Ford plans to cut another 4,000 jobs in Europe as demand for electric vehicles slow down. Operations in Germany and the UK will be hit the hardest.
Automobile manufacturing giant Ford has announced 4,000 job cuts across its European operations blaming stalled electric vehicle sales on the continent.
Ford Motor Company has unveiled plans to slash 3,800 jobs across Europe by the end of 2027, as it grapples with the challenges of electrification and increasing competition from Chinese electric vehic
The automaker said the industry shift to electric vehicles and heightened competition were “highly disruptive.”
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