Automaker and supplier executives used fourth-quarter earnings calls and investor conferences to warn of major risks they see from looming tariffs.
Automakers and suppliers hoped for more clarity on U.S. trade policy after the 2024 election. So far, they haven't gotten it.
Tariffs to the extent the Trump administration has proposed are "untenable" for suppliers, Magna CEO Swamy Kotagiri said.
Auto manufacturers want more clarity on long-term trade policy before deciding on investment and products.
The steel and aluminum tariffs will increase costs for automakers and suppliers, experts said.
Suppliers and automakers vary on the intensity of their public tariff statements, with suppliers sounding alarms about idled factories while automakers emphasize a desire to work with Trump.
TI Fluid Systems is doubling down on its DE&I strategy as it prepares for an acquisition.
The tariffs will go into effect on Tuesday, Feb. 4. They do not include exemptions for industries, such as automobile production.
Nelson Cars Automotive Group in Oklahoma created an extensive training program for employees that has boosted sales, F&I and service performances.
If Trump's tariffs are enacted, expect significant disruption, auto executives at the D.C. auto show said.