A cargo truck loaded with new collections directs us to the Otay Commercial Crossing in Tijuana, a state of Baixa California, Mexico on March 27, 2025.
Guillermo Arias | AFP | Pictures of getty
Detroit – Automobile manufacturers’ actions closed Monday up after President Donald Trump He said he seeks to « help some of the vehicle companies » in the middle of their 25%automatic rates.
Automobile manufacturers « need a little time » to move their production to the United States, said Trump during a Monday meeting with President Salvador Nayib Bukele at the Oval Office.
« I am looking for something to help some of the vehicle companies, where they pass to parts that were made in Canada, Mexico and other places, and need a little time because they will do them here, » Trump said without elaborating the possible plans. « But they need a little time, so I’m talking about things like that. »
Comments pushed stocks such as Ford engine, General engines and Chrysler’s father Estellantis High, with each increase between 3% and 6% after previously negotiating flat or negative. Shares of Rivian Automotive closed Monday 4.9%while shares of Tesla They were level.
Actions of other automobile manufacturers such as Toyota Motor, Honda engine and EV STARTUP Lucid group Closed between 1.5% and 2%.
A high executive of the automotive industry described Trump’s comments as « a certain recognition that is difficult for the industry. »
Trump’s statements on Monday arrive almost two weeks after the implementation of car rates in vehicles imported from 25% on April 3.
Despite reducing rates in most countries last week and giving technology companies such as Apple Exemption from rates over the weekend, the Automotive rates have remained in effect.
Automobile manufacturers have responded to the rates In various ways. Manufacturers who are mostly domestic, such as Ford and Stellantis, have announced temporary offers for employee prices, while others, such as the British vehicle manufacturer Jaguar Land Rover, have dismissed US shipments. Hyundai engine He also said that he would not increase prices for at least two months to relieve consumer concerns.
GM has strategically increased some US production Departure in a truck plant In Indiana, as well as the cancellation of the inactivity time previously announced in a Tennessee facility.
« The company continues to update and review production schedules as part of its standard process of evaluation and management of vehicle inventory as needed, » said Leadership in a message to workers viewed by CNBC. « The start time announced above of the week of May 12 is being terminated, which means that the production completes in the assembly of vehicles will work normally. »
A GM spokesman on Monday confirmed the change of plans for the Tennessee plant, which produces several Cadillac crosses.
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