By on March 29, 2019

Of all the things that automakers hate, losing money has to hold a permanent place at the top of the list. If you aren’t making money, you can’t keep building cars — and if you aren’t building cars then you’re not much of an automaker. Following that almost irresponsibly oversimplified logic, it’s no wonder the industry has been hesitant to endorse President Trump’s suggestion that the United States may need to enact new import tariffs.

While seemingly eager eager to provide manufacturers with the tools to get things done, the current administration clearly wants it done in America — and isn’t above punishing those who refuse to reciprocate. As a result, lobbyists have begun putting in some overtime.   (Read More…)

By on June 29, 2018

Automakers are not thrilled with the White House’s current interest in automotive tariffs. With factories scattered across the globe, no major manufacturer would go untouched by the proposed increases in import duties or the retaliatory tariffs foreign governments may issue in response.

There’s a lot to lose from a financial perspective. According to a recent analysis from Evercore ISI, Fiat Chrysler would take an annual hit of $866 million if the United States placed a 25-percent import tariff on cars. Considering that other automakers stand to lose at least that much, it’s unsurprising they’ve begun raising their corporate voices over the matter.

Granted, the FCA example is a worst-case scenario for that particular brand, but even a lesser tariff would see a profit loss of hundreds of millions. For an automaker like Mazda, the loss would be far worse. (Read More…)

Recent Comments

  • bullnuke: My neighbor worked for Frigidaire in Moraine. When it shutdown he came home after stopping by the bar up on...
  • FreedMike: Oooooh, stripes! Snark aside, the look is actually pretty cool. Toyota seems to have gotten a good deal on...
  • Jeff S: I meant Moraine OH not Loraine. The Moraine GM plant made Frigidaire appliances, then S-10s and S-15s, and...
  • Jeff S: For me it was most of the 58 GMs that had chrome literally put on with a trowel (exception 58 Chevy and...
  • zerofoo: If “they” (who?) I’ll tell you who “they” are. They are the ones that tell us sea level...

New Car Research

Get a Free Dealer Quote

Who We Are

  • Adam Tonge
  • Bozi Tatarevic
  • Corey Lewis
  • Jo Borras
  • Mark Baruth
  • Ronnie Schreiber