NPR|1 minute read
Automakers Battle 25% Tariffs: How They're Surviving the Chaos
TL;DR
With a staggering 25% tariff on cars, automakers are scrambling to adapt. Here’s the lowdown:
- Tariff Impact: The tariffs are shaking up the industry, pushing prices higher.
- Discounts and Deals: Companies like Stellantis and Ford are offering discounts to ease customer pain.
- Electric Vehicle Setbacks: A wave of cancellations hits electric vehicle and battery factories.
- Predictions of Price Shock: Industry insiders warn of price hikes and shifting consumer behavior.
- Finding Opportunity: Amid chaos, some see potential for innovation and market shifts.
Here's the full scoop.