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The employee installs the VW logo at the new Volkswagen Tiguan at the VW Main Plant.
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Car giants responded to US president Donald Trump‘s tariffs By announcing plans for raising prices, hold fees for import, pause and even dismissal staff.
As part of the plans intended to switch production to US factories and support US jobs, Thursday Trump administration on Thursday introduce 25% of the tariffs for foreign imports of the car. The White House also said he intends to place tariffs for some auto parts no later than May 3.
Measures that were separate before Trump sweep new tariffs Large trading partners have greatly reached the world automotive industry.
On Friday, the shares of some world’s largest car brands were sharply traded, increasing steep losses from the previous session. Automobile actions were deepened into the negative territory shortly after the Chinese Finance Ministry stated that Beijing intends to impose 34% tariff for all goods imported from the United States since April 10.
StellantisPossessing home names including Jeep, Dodge, Fiat, Chrysler and Peugeot, traded 8% below at 12:55 pm (7:55 am) in London. In the previous session, the rally in Milan decreased by 8%.
Germany Volkswagen. Bmw and Group Mercedes-BenzMeanwhile, on Friday, everyone traded 4% below.
How did car manufacturers react?
Volkswagen, the largest car in Europe, plans to add a fee for imports to the price stickers sent to the United States in response to tariffs for Trump. The German automobile giant has been reportedly stopped by all railway
The measures that were first reported in the trading publication Car NewsIt seems that emphasizes the direct impact of tariffs on Trump on the company.
“We report our dealer body about all aspects of the business, and we want to be very transparent compared to navigation after this time of uncertainty,” said the Volkswagen CNBC press on Thursday.
“We have the best interests of our dealers and customers, and as soon as we quantitatively determined the impact on business, we will share our strategy with our dealers,” they added.
The Windsor Stellantis collection is shown on April 1, 2025 in Windsor, Canada.
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Meanwhile stellantis announced On Thursday, it will focus on production at two teams in Canada and Mexico. This step means that about 900 workers in the US will be fired temporarily.
The actions were regarded as the sharpest automaker relative to new tariffs.
The Stlantis forests begins on Monday and is set for two weeks at the Windsor Automaper’s Windsor factory in Ontario, Canada, and all April at the Toluca Assembly plant in Mexico.
Increasing US production
Escalation of the global trading war is expected to have a deep impact on the car industry, in particular, given the high globalization of supply networks and great dependence on production operations across North America, and especially in Mexico.
Sweden, Volvo cars said that it intends to produce more cars in the United States on Thursday and increase its regionalization efforts with hubs in China and Europe.
“We are well prepared in China and Europe. But we need to be better in the US to get around the import tariffs,” said Volvo Cars Hakan Samuelson on Thursday.
On Friday, the Volvo Cars press secretary said the company was seeking to increase production of its EX90 SUV in the US to increase volumes and reduce costs.
“The global automotive industry, as well as Volvo Cars, is facing high geopolitical complexity and regionalization. This makes a long-made construction of Volvo Cars, where we sell even more important,” said Volvo CARS CNBC spokeswoman.
“As part of this, Volvo Cars also consider the possibility of adding the production of another vehicle model to our US factory, which has a capacity of 150,000 cars a year,” they added.
Volvo Cars press was not immediately available for comment when addressed to CNBC on Friday.
Elsewhere, a luxury car of Italy Ferrari – Note Last week, when after April 1, it will raise prices for certain models in response to new car tariffs in the US, will give up to $ 50,000 to the cost of a typical car.
– Michael Wayland and Robert Frank in CNBC contributed to this report.
