BUSINESS

Tariffs and rollbacks reshape automaker profits outlook

Automakers are navigating steep tariffs and supply snags, yet quarterly results show surprising resilience. Moody’s pegs this year’s industry tariff tab at $30 billion, even as chip shortages and an aluminum plant fire strain Ford and Stellantis. GM earned $3.4 billion and Ford $2.6 billion, beating forecasts; Stellantis revenue rose 13%, while Hyundai’s profit fell 29% but targets stand. Volkswagen Group posted a billion-plus loss amid tariffs and Porsche’s shift back to gas. Tariff cuts, looser parts rules, firmer prices, and environmental rollbacks are reshaping strategies and slowing EV plans.

Reviewed by JQJO team

#automotive #tariffs #earnings #industry #auto