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Update: Ford, GM, Stellantis Face $41.9 Billion Higher Cost From Tariffs, CAR Report Says
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Update: Ford, GM, Stellantis Face $41.9 Billion Higher Cost From Tariffs, CAR Report Says
Apr 11, 2025 7:37 AM

10:29 AM EDT, 04/11/2025 (MT Newswires) -- (Updates with trade group remarks in fourth, fifth paragraphs; share price movements in final paragraph.)

Ford Motor ( F ) , General Motors ( GM ) , and Stellantis ( STLA ) are facing $41.9 billion in increased costs from the 25% US auto tariffs, according to a report from the Center for Automotive Research or CAR.

CAR's report also said US President Donald Trump's tariffs on imported auto parts and light vehicles will lead to $107.7 billion in increased costs for all US automakers.

According to the report, the tariffs will impact 6.8 million vehicles produced by Stellantis ( STLA ), Ford, and General Motors ( GM ).

Reached for comment by MT Newswires, Stellantis ( STLA ) deferred to statements by a trade group representing the "Big Three" US automakers, asserting that North American vehicle production complies with trade rules created through the US-Mexico-Canada Agreement finalized in 2020.

"Our American automakers, who invested billions in the US to meet these requirements, should not have their competitiveness undermined by tariffs that will raise the cost of building vehicles in the United States and stymie investment in the American workforce," the American Automotive Policy Council said on March 3.

Ford and General Motors ( GM ) haven't responded to messages from MT Newswires seeking comment. The AAPC also has not immediately responded to a request for comment.

Shares of GM and Stellantis ( STLA ) were down 1.8% and 2.2%, respectively while Ford was edging 0.3% lower in recent trading.

Price: 9.12, Change: -0.03, Percent Change: -0.27

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