Overview

• Ford warns that a $2 billion tariff bill could slash its adjusted earnings before interest and taxes by up to 36% this year.
• General Motors reported that 25% import duties cut $1.1 billion from second-quarter earnings and expects a $4 billion to $5 billion full-year hit.
• Stellantis projects a $2.7 billion loss in the first half of 2025 partly due to tariffs on vehicles, parts, steel and aluminum.
• Ohio’s 86,000 Big Three workers and their suppliers face possible layoffs as higher costs slow sales and force cutbacks on plant shifts.
• Commerce Secretary Howard Lutnick dismissed automaker complaints as “silly” even as the president signals plans to raise Canada and Mexico levies to 30% and 35% and keep core duties unchanged.