The leadership of General Motors and Ford Motors assures employees and investors that companies are working on how the best travel of the turmoil that expects 25 percent of Donald Trump’s taxes imposed on all imported cars and most parts of the car.
Messages to the labor force in both car manufacturing companies, which was obtained by Detroit Free Press, said companies are in a good position to solve the uncertainty around taxes, which will be implemented on Thursday. “Although they are healthy companies, both car manufacturers feel an impact,” the statement said.
For this reason, the leaders of the companies do not waste time studying new executive orders and advise employees to focus on their work and be aware of the expenditures of companies.
In an unsigned memorandum published on a local website on March 27, a day after Trump imposed taxes, the GM leadership acknowledged its effects on production footprints and the company’s supply chain. GM and Ford receive several parts of foreign suppliers, even for cars built in the state.
The memorandum briefly stops counting and determining the impact on the car maker. “GM supports a strong US-based car industry and its leaders have planned to “feel on the basis of any taxes imposed by the US administration,” he said.
In his memorandum on March 27, Ford CEO Jim Farley said the company was still investigating any impact on Dearborn, a car manufacturing company, which predicts “propowers to be important throughout our industry.
Ford Motor CEO Jim Farley speaks to the media after Ford demonstrated the 2025 Detroit in the Huntington Plus at Detroit, Thursday, January 9,
“While Ford supports the president’s vision for building a stronger automotive industry and a production center in the United States, the situation is dynamic and the effects of taxes are likely to be important throughout our industry – affecting cars, suppliers, agents and customers.
“About 80 percent of Ford’s cars in the states are made here, but “this does not mean that Ford defends the effects of taxes, which can be meaningful.
“I assure you that our Ford team will continue closely with the Trump administration and policymakers in the United States, Canada, Mexico and other markets and will continue to help develop these important trade and politics issues,” Farly wrote.
Ford and GM spokesman refused to comment on Sunday to the Azadi newspaper about the memoirs.
Farly has warned of the terrible consequences of the industry from taxes. In early February, at the Wall Street conference, he told analysts, “Let’s be true: long-term, a 25 percent tariff across the borders of Mexico and Canada will fly a hole in the US industry that we have never seen.
Many automotive industry experts say taxes will increase expenditures for car manufacturers and suppliers and eventually increase the price of new cars by $ 5,000 to $ 10,0 GM’s message tells employees that the car manufacturing company is working to identify the maximum damage to any effect on taxes.
Trump has said he will encourage US production and bring hundreds of billions of dollars in tax revenues and create jobs. In an interview with NBC News on Saturday, Trump told NBC News that if he raises the price of cars due to new taxes, then if car manufacturers increase their prices.
“I hope they will raise their prices because if they do that, people will buy US-made cars,” Trump said in the interviews. “We have a lot of.
NBC said after the interview, a US presidential assistant said Trump was particularly referring to the price of foreign cars.
But the problem is that there are no 100% US-made cars, as many parts are imported. According to Globaldata, GM imports about 46 percent of its vehicles sold in the United States. While, in Ford, the number is 21%, which benefits it in this tax environment.
More, even some US-made cars contain imported pieces. The Ford FF Crises Super Deutsuts, a large vendor for Ford, is collected in Louisville, Kentucky, but all the V8 gasoline engines in Windows from Ontario and Diesel V8 are made in Mexico, along with other parts of the body.
further: Canada, Mexico has been an integral part of the US car for a century.
GM’s message told its employees to pay attention to their work and discipline at their company’s expenses.
“Now we identify the proper effects by suppliers, car programs, factories and other factors, and we are working on the things we need to do and when,” the memorandum said. “We are in a strong situation to travel this dynamic situation and we will continue to deliver to our customers, our employees, and our communities. Each of us can participate in keeping attention and delivery of plans for this year, protecting a disciplined path and running accurate costs.
Farly said that Ford is dedicated to the largest production venue in the United States of all car manufacturers. However, like the GM’s memorandum, he advised employees to remain enthusiastic in their work and look at the expenses of companies.
“Just as during COVID-19, chips and other situations, Ford works across the company, and closely with our agents and suppliers, to protect our work in all global markets and pay attention to our valuable customers,” Farly wrote. “Please stay on the highest quality of cars and experiences to our customers, wasting waste of our work and paying attention to each other.
Ford CEO Bill Ford said on Friday that a car manufacturer is “goodly stable” in order to go through the economic and political uncertainty of the current US car environment, and this year’s “working priorities” are to continue to improve the quality and efficiency.
Ford’s statement was part of the company’s registration of the company that it had created at the US Monetary and Gold Exchange Commission. In an introduction to shareholders, Ford wrote a confidence that the 121-year-old company would survive from any instability.
Ford referred to the turmoil around the uncertainty that tax policy has created, with the challenge of “new competitors,” which appears to be a sign of car manufacturing companies and global dominance growth in electric cars.
“As we have many times in our history, we are tested by the forces that mold our industry,” Ford wrote. “Technological trade, geopolitical uncertainty, the pressure of new competitors and new competitors all disrupt the current situation. However, Ford is in a good position to travel with these challenges and appear as a winner.
Ford said the company would continue to invest in future products and still “a commitment to the industrial and cost-catching quality, which is the main priority of our work for this year,” Ford said.
General Motors Marie Bara answers a question during the discussion of the automotive fire group at the Garden Theater on Wednesday, December 11,
Bill Ford spent the telephone with the Trump administration or Washington DC in March, and meets with the president or his administration. In fact, on Wednesday, just hours before Trump signed the executive order, Free Press revealed that CEO of GM Marie Bara and Bill Ford both appealed to the White House at 11:00 o’clock to discuss taxes and ways to reduce their impact on their companies.
Their efforts were useless. Trump signed an executive order that evening. The news has shaken the car industry, many analysts say the tax is unstable, because nearly half of the vehicles sold in the United States are imported, even those sold by Detroit.
CEO Bill Ford sits on stage with a portrait of Michigan Central and the imaginary book store on the background when the opening of Newlab in Detroit begins on Tuesday, April 24,
In addition, the United States receives a carmaker from other countries, mostly Canada and Mexico, and sell cars made here in other countries. If other countries impose retaliation taxes, the demand for GM and Ford can be reduced and damaged worldwide.
It is unclear whether a steelte leader has contacted employees or investors. But a spokesman for the company, Free Press, sent a statement to the US Automobile Policy Council, the group representing car manufacturers in Washington, called Stelantes.
The group said car manufacturers are committed to Trump’s vision to increase car production and work in the United States will continue to work with the US administration, stressing the importance of tax implementations in a way that refrains from raising prices for consumers and protects the ability to compete with car manufacturers.
further: Michigan Paslin supplied to operate in tax chaos, frozen work
Jamie L. Lario is a senior automotive writer for Ford Motor for the Detroit Free Press. Contact Jamie to jlareau@frepress.com. Follow it on Twitter @celebration. To register for our autos. Become a participant.
This article initially found on the Detroit Free Press: GM, Ford leaders assure the future employees of companies between taxes.
