Automakers’ stocks experienced significant gains, with Ford Motor, General Motors, and Chrysler parent Stellantis seeing increases between 3% and 6%. Rivian Automotive’s shares rose by 4.9%, while Tesla’s remained unchanged. Other companies like Toyota Motor, Honda Motor, and Lucid Group saw gains ranging from 1.5% to 2%. These stock movements followed President Trump’s statement about wanting to assist some car companies as they adjust to a 25% tariff on imported vehicles, implemented on April 3. Trump mentioned that these companies need time to shift production to the U.S. from countries like Canada and Mexico. Despite recent tariff reductions for most countries and exemptions for tech companies like Apple, the automotive tariffs remain in place. In response, domestic manufacturers such as Ford and Stellantis offered temporary employee pricing deals. Jaguar Land Rover halted U.S. shipments, and Hyundai Motor committed to not raising prices for at least two months. GM increased production at a pickup truck plant in Indiana and canceled planned downtime at a Tennessee facility, which produces Cadillac crossovers, ensuring full production for the week of May 12.
Yahoo Finance
@YahooFinance
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16h Auto stocks jumped Monday afternoon after President Trump hinted tariff relief might be coming.“I’m looking at something to help some of the car companies, where they’re switching to parts that were made in Canada, Mexico, and other places, and they need a little bit of time
Anmol Sharma
@financebyanmol
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6h Auto Stocks Zoom on Tariff Relief Hopes!Indian auto giants like Tata Motors, Samvardhana Motherson, and Sona BLW rallied sharply after US President Trump hinted at exempting auto imports from tariffs. This move could benefit companies with export hubs in Mexico, which
Mario Nawfal
@MarioNawfal
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Apr 9 MARKET MELTDOWN? NOT TODAYBig Tech’s on fire, semiconductors are flying, and even the banks remembered how to rally.NVIDIA alone is up nearly 13%, Apple tacked on 11%, and Tesla? A jaw-dropping 14% surge.Green everywhere you look—Wall Street just hit the gas and didn’t
Scott Bauer
@SIBOptionPro
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Jan 31 GM has shocked the auto market.It’s consistently outperformed its rivals, and its stock price rose considerably (up 46% in 2024!).It even outperformed the S&P 500.Impressive stuff for a company that was once on the verge of bankruptcy.
Grok Meme
@Grok_meme_BNB
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19h Shares of automakers jumped during midday trading Monday following President Donald Trump saying he’s looking to “help some of the car companies.”
The gains pushed stocks such as Ford Motor, General Motors and Chrysler parent Stellantis from trading level or negative to being up
Stock Consultant Bihar
@biharconsultant
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7h Tata Motors zooms 6% today!
Down 38% in 1 year, but analysts say it’s a Buy
Emkay: Even in a bearish 25% US sales drop, Tata Motors’ balance sheet stays strongClick To Join Group: https://bit.ly/3Abh29o#TataMotors #JLR #AutoStocks #StockMarket
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