The results are in for GM 2024 calendar year sales in Mexico, so we've compiled a list of the automaker's best sellers in the country and where they're built.
Proposed 25% tariffs on Canadian and Mexican auto imports could severely impact Ford (NYSE: F) and General Motors (NYSE: GM), with Ford potentially seeing a 50% stock decline if disruptions last over 120 days.
The outlet said Nissan ranks second in Mexico for those metrics after General Motors. “We are exporting a large volume to US, so if there’s a high tariff, this would have huge implications on our business, so we need to monitor this carefully.”
We recently compiled a list of the Jim Cramer Shed Light on These 10 Stocks. In this article, we are going to take a look at where General Motors Company (NYSE:GM) stands against the other stocks Jim Cramer recently discussed.
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The Franco-Italian-U.S. group argued that Trump's administration should avoid implementing tariffs that would disproportionately hit automakers that build most of their vehicles in the U.S., including the 25% duties on Mexico and Canada that are poised to go into effect in early March.
The threat of 25% tariffs on auto exports to the United States has prompted Nemak to consider moving some production operations to the U.S.
GM and other automakers are closely monitoring how tariffs on vehicles and parts from Canada, Mexico and elsewhere will impact their business.