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

  • ToolGuy: I see curb weight as 5,103 pounds, which makes the torque-to-pork ratio… well nevermind, we should...
  • Lou_BC: @redapple – interesting. “An acre of mature trees can capture 2.6 tonnes of CO2 per year.”...
  • dal20402: OK, that’s a new one, but taking it at face value… (1) If it is actually possible to engineer a major...
  • dal20402: My state imposes a registration surcharge for EVs that is quite a bit more than the gas tax savings I...
  • j lu: “Though your author would argue that there’s nothing luxurious about nixing built-to-order...

New Car Research

Get a Free Dealer Quote

Who We Are

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