Quotes
With nearly half of all vehicles sold being assembled outside of the U.S., we anticipate major repercussions from tariffs at any level,
said Ivan Drury, director of insights at Edmunds When we know exactly what’s going to happen, and/or even have an indication of what’s going to happen, we know the steps we could take,
CEO Mary Barra said at the time We applaud the Trump administration for stepping up to end the free trade disaster that has devastated working-class communities for decades,
United Auto Workers President Shawn Fain said in a statement Wednesday What we’ve seen so far in this is an announcement and then a change, and then an announcement and then a change,
Stephanie Brinley, automotive analyst at S&P Global Mobility, said Wednesday evening U.S. automakers are committed to President Trump’s vision of increasing automotive production and jobs in the U.S. and will continue to work with the Administration on durable policies that help Americans,
Matt Blunt, president of the American Automotive Policy Council, said in a statement following the announcement Automakers have huge investments to make, and the language of these tariffs could upend plans that were years in the making. The automotive industry also has long-term and deep-reaching impacts within any community that receives these investments,
There are still a lot of unknowns, but if this remains in place, there will clearly be some pain for the companies to digest,
said Joseph Spak, analyst at UBS, in a note to investors Tesla and Ford appear to be the most shielded given location of vehicle assembly facilities although Ford does face incremental exposure on imported engines,
Deutsche Bank analysts wrote in a note Thursday Roughly half of GM's US sales are produced in the US, but imported parts are a concern,
