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Toyota warns of $9.5bn hit from Trump tariffs
The automaker revised down its annual operating profit forecast by 16 per cent to ¥3.2tn, despite Japan securing an agreement to reduce US tariffs on auto imports from 27.5 per cent to 15 per cent. The tariff impact for Toyota is bigger than the estimated maximum of $5bn for General Motors and $3bn for Ford and is likely to narrow the gap in profitability between the companies.
Investors do have one major event to look forward to, and that comes on Aug. 11 when CEO Jim Farley is promising a "Model T ...
Ford, on the other hand, makes 77% of its vehicles domestically. Still, CEO Jim Farley sees tariffs irreparably changing the ...
Carmakers have so far avoided passing on much of the cost of tariffs to consumers. They built as many cars as they could ...
The auto sector is taking President Trump's tariffs on the chin. Toyota, the world's largest automaker, was the latest to ...
Ford told CNN's Wolf Blitzer that Trump's levies on imported goods are raising prices for Americans and costing them jobs.
Import tariffs and rising costs are squeezing profits at the Detroit 3, and the financial strain is expected to hit factory ...
Import tariffs implemented by the Trump administration are expected to significantly reduce profit-sharing payouts for UAW ...
The Dearborn automaker now expects the import taxes will affect adjusted operating profit by $2 billion this year.
Ford didn't call for any immediate new retaliatory tariffs and repeatedly emphasized his confidence in Carney’s leadership, ...
President Donald Trump on Tuesday said Japan would import massive Ford F-150 pickup trucks following the most recent trade ...
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