Claims tagged with "automotive"

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Adding to the pain, buyers of used cars often pay much higher interest on loans, which can exceed 20 percent for people with less-than-stellar credit records. 0.900

👤 The author 📋 News Article 🏷️ trade , automotive , economic

Simplified: Used car buyers often pay much higher interest on loans which can exceed 20 percent

1 sources

3 days ago
By the end of the year, prices could be 8 percent higher, Cox says, pushing the average selling price of a new car above $50,000. 0.900

👤 Cox Automotive 📋 News Article 🏷️ trade , automotive , economic

Simplified: Prices could be 8 percent higher by the end of the year Cox says

1 sources

3 days ago
Even for cars manufactured in the United States, tariffs on components add about $1,000, not including the 50 percent duties that Mr. Trump has imposed on imported steel and aluminum. 0.900

👤 The author 📋 News Article 🏷️ trade , automotive , economic

Simplified: Tariffs on components add about $1000 to US-manufactured cars

1 sources

3 days ago
Cox Automotive estimates that tariffs will add at least $5,000 to the cost of imported cars on an annual basis. 0.900

👤 Cox Automotive 📋 News Article 🏷️ trade , automotive , economic

Simplified: Cox Automotive estimates tariffs will add at least $5000 to the cost of imported cars annually

1 sources

3 days ago
Car prices as measured by U.S. officials declined slightly in June, Mr. Desai pointed out, “despite months of autos, auto parts, steel and aluminum tariffs being in place.” 0.900

👤 Kush Desai 📋 News Article 🏷️ trade , automotive , economic

Simplified: Car prices declined slightly in June despite tariffs Kush Desai pointed out

1 sources

3 days ago
A day earlier, Honda pegged its tariff cost at $3 billion. 0.900

👤 The author 📋 News Article 🏷️ trade , automotive , economic

Simplified: Honda pegged its tariff cost at $3 billion

1 sources

3 days ago
Toyota, which makes many cars in the United States but also imports them from Japan, Mexico and Canada, said on Thursday that tariffs would cost it $9.5 billion. 0.900

👤 The author 📋 News Article 🏷️ trade , automotive , economic

Simplified: Toyota said tariffs would cost it $9.5 billion

1 sources

3 days ago
Still, the company expects retail prices to rise 1 percent or less this year, Paul Jacobson, the chief financial officer of G.M., told investors last month. 0.900

👤 Paul Jacobson 📋 News Article 🏷️ trade , automotive , economic

Simplified: General Motors expects retail prices to rise 1 percent or less this year Paul Jacobson said

1 sources

3 days ago
General Motors, the largest U.S. carmaker, said last month that tariffs would cost the company as much as $5 billion for the full year, although it hoped to offset about a third of that amount by cutt... 0.900

👤 The author 📋 News Article 🏷️ trade , automotive , economic

Simplified: General Motors said tariffs would cost the company as much as $5 billion for the full year

1 sources

3 days ago
Import duties subtracted $800 million from Ford’s profit in the second quarter, leading to a slight loss for the period. 0.900

👤 The author 📋 News Article 🏷️ trade , automotive , economic

Simplified: Import duties subtracted $800 million from Ford's profit in the second quarter

1 sources

3 days ago
For the whole year, Ford estimated that tariffs would cost the company $2 billion. 0.900

👤 The author 📋 News Article 🏷️ trade , automotive , economic

Simplified: Ford estimated tariffs would cost the company $2 billion for the whole year

1 sources

3 days ago
Ford, which makes most of its cars in the United States, expects retail prices for its vehicles to rise just 1 percent this year, Sherry House, the chief financial officer, said last month during a co... 0.900

👤 Sherry House 📋 News Article 🏷️ trade , automotive , economic

Simplified: Ford expects retail prices for its vehicles to rise just 1 percent this year Sherry House said

1 sources

3 days ago
In recent weeks General Motors, Toyota, Ford Motor, Stellantis, Tesla, Mercedes-Benz and Volkswagen have all blamed tariffs for declines in profit. 0.900

👤 The author 📋 News Article 🏷️ trade , automotive , economic

Simplified: General Motors Toyota Ford Stellantis Tesla Mercedes-Benz and Volkswagen have all blamed tariffs for declines in profit

1 sources

3 days ago
Even those that make most of their vehicles in the United States use imported parts that can amount to more than half the value of some cars. 0.900

👤 The author 📋 News Article 🏷️ trade , automotive , economic

Simplified: Even US carmakers use imported parts that can amount to more than half the value of some cars

1 sources

3 days ago
He predicted that automakers would start raising prices significantly early next year. 0.900

👤 Lenny LaRocca 📋 News Article 🏷️ trade , automotive , economic

Simplified: Lenny LaRocca predicted automakers would start raising prices significantly early next year

1 sources

3 days ago
Carmakers “will try to hold prices and focus on cost reduction for as long as they can,” said Lenny LaRocca, a partner at KPMG who leads the consulting firm’s work with the auto industry. 0.900

👤 Lenny LaRocca 📋 News Article 🏷️ trade , automotive , economic

Simplified: Carmakers will try to hold prices and focus on cost reduction for as long as they can Lenny LaRocca said

1 sources

3 days ago
Many dealers and manufacturers stockpiled cars and parts before the tariffs took effect. 0.900

👤 The author 📋 News Article 🏷️ trade , automotive , economic

Simplified: Many dealers and manufacturers stockpiled cars and parts before tariffs took effect

1 sources

3 days ago
The carmakers also haven’t been hit by the full force of tariffs yet. 0.900

👤 The author 📋 News Article 🏷️ trade , automotive , economic

Simplified: Carmakers have not been hit by the full force of tariffs yet

1 sources

3 days ago
By the end of the year, if not sooner, tariffs as much as 27.5 percent on cars and car parts will force sticker prices to rise significantly, analysts say, pushing new vehicle purchases out of the rea... 0.900

👤 analysts 📋 News Article 🏷️ trade , automotive , economic

Simplified: Tariffs of 27.5 percent on cars and car parts will force sticker prices to rise by the end of the year analysts say

1 sources

3 days ago
Tariffs have already chopped billions of dollars from carmakers’ bottom lines. 0.900

👤 The author 📋 News Article 🏷️ trade , automotive , economic

Simplified: Tariffs have chopped billions of dollars from carmakers' bottom lines already

1 sources

3 days ago