Barclays analyst Dan Levy cut his rating on the auto stock to Hold from Buy. His price target went to $11 a share from $13.
Trump's tariffs will protect the US auto industry just long enough for it to decline into technological obsolescence.
The clarity offered by President Donald Trump and an accompanying cultural shift has pushed diversity equity and inclusion into a hasty retreat.
After a flood of EV investment in red states, most of the places where EV jobs might be undercut by Trump's action are also places that helped elect him.
Despite the uncertainty brought by President Donald Trump’s tariff threats, Ford Motor Company is pushing ahead with the expansion of its engine production capacity at its Essex Engine Plant. The company is currently doing cement work in a vacant portion of the plant in preparation to install the machinery needed to create a new V-8 engine line.
Stellantis’ chairman detailed several plans for U.S. investments when meeting with President Donald Trump before his Monday inauguration.
President-elect Donald Trump’s proposed tariffs on China, Mexico and Canada threaten to raise prices for toys, cars, shoes, French fries, furniture and beer.
President Donald Trump has issued a “full and unconditional pardon” to Washington, DC, police lieutenant Andrew Zabavsky and officer Terence Sutton for their roles in the death of 20-year-old Karon Hylton-Brown, a case that drew protests on the heels of the murder of George Floyd.
President Trump has slashed a slew of EV-related policies, which could affect many states that have received billions of dollars in investment for electrification, notably Michigan.
James Durian, CEO of the Marshall Area Economic Development Alliance, said they are reviewing President Donald Trump's recent executive order rescinding goals for electric vehicle production and any impact it may have on Ford's BlueOval Battery Park development.
TOKYO/NEW YORK -- U.S. President Donald Trump's threat to impose tariffs on imports from Mexico, if he follows through, has automakers -- from Japan's Nissan Motor and South Korea's Kia to America's General Motors and Ford Motor -- scrambling to reconsider their production and sales strategies.
North American car companies have operated across borders for three decades. Tariffs would raise prices and cost jobs in the short run, analysts say.