Global Automakers Brace for Tariff Turbulence

by Newsroom


Carmakers across Europe and America are bracing for a significant financial hit as the United States mulls over imposing import tariffs on vehicles from Europe, Mexico, and Canada. A report by S&P Global highlights that these tariffs could slash up to 17% of the automotive industry’s combined annual core profits, raising concerns over potential credit downgrades.

The threat looms larger for premium manufacturers like Volvo and Jaguar…



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