U.S. carmakers expected to warn of tariff pain when releasing results [Reuters]
General Motors Company (GM)
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Source: Reuters
U.S. carmakers expected to warn of tariff pain when releasing results | Reuters 5 Min Read DETROIT (Reuters) - When Detroit’s automakers report earnings on Wednesday, they are likely to highlight escalating tariffs and use the opportunity to warn investors of far greater pain ahead should U.S. President Donald Trump impose broader tariffs on the industry’s vehicles and parts, consultants and analysts said. “The automakers really want to get that narrative out there,” said Jeff Schuster, president for the Americas at consultancy LMC Automotive, who stressed it is unusual for General Motors Co ( GM.N ), Ford Motor Co ( F.N ) and Fiat Chrysler Automobiles NV (FCA) ( FCHA.MI ) to post quarterly earnings on the same day. “All three automakers are on the same page with tariffs,” he added. “They can demonstrate the impact so far and warn about the risks of taking this further.” The shares of the Detroit Three automakers have been drifting down as Trump has escalated trade threats again
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