On March 27th, 2025, a cargo truck loaded with new pickups heads towards us at the Otai Commercial Crossing in Tijuana, Baja, California.
Guillermo Arias | AFP | Getty Images
Detroit – The automaker’s shares closed Monday after President Donald Trump said he was considering “supporting some of the auto companies” amid a 25% car rate.
The automaker will “need a little time” to move production to the US, Trump said at a meeting with Salvador President Naive Buquere in his oval office at a meeting Monday.
“We’re looking for something to help some of the auto companies that are switching to parts made in Canada, Mexico and elsewhere. They need a bit of time to make it here,” Trump said without elaborating on the potential plans. “But they need a little time, so I’m talking about that.”
Comments pushed stocks like this Ford Motor, General Motors Chrysler’s parents Stellantis Higher, each one trades flat or negative before rising between 3% and 6%. Stocks Libian Automotive On Monday, the stock increased 4.9%. Tesla It was on a level.
Stocks of other automobile manufacturers such as Toyota Motor, Honda Motor and EV Startups Meid Group It was closed between 1.5% and 2%.
Senior Automotive Industry Executive described Trump’s comments as “a perception that this is becoming more severe for the industry.”
Trump’s comments come almost two weeks after 25% of imported vehicles were charged on April 3.
Last week, we reduced tariffs in most countries, apple Weekend tax exemptions and car rates remain valid.
Automakers respond to customs duties in a variety of ways. While mostly domestic manufacturers such as Ford and Stellantis have announced temporary transactions on employee pricing, other manufacturers such as British automaker Jaguar Land Rover have stopped shipping in the US. Hyundai Motor also said it will not raise prices for at least two months to alleviate consumer concerns.
GM has strategically increased several US production, including increasing production at its pickup truck plants in Indiana and canceling previously announced downtime at its Tennessee facility.
“The company continues to update and modify production schedules as part of a standard process of assessing and managing vehicle inventory as needed,” Plant Leadership said in a message to workers viewed by CNBC. “Downtime previously announced in the week of May 12th has been cancelled, meaning that full production of the vehicle assembly will run as normal.”
A GM spokesman confirmed changes in plans for the Tennessee plant, which will produce several Cadillac crossovers, on Monday.
