GM CEO of General Motors has admitted that the high prices caused by the definitions suggested by Donald Trump could hinder large plans for the auto industry.
Para, General Motors' agents, warned of “uncertainty” after talking about the positive growth of the company last year in a letter to shareholders on Tuesday.
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The giant auto company has reported record profits for 2024 and participated in optimism for the new year – but Para also recognized the policies of the new president.
Trump wants to impose a 25 % tariff on Canada and Mexico, which provides parts of the United States of America, starting from February 1.
The potential raised prices can hinder the company's high hopes for next year's profits because it will raise the cost of assembling cars and trucks.
“Of course, there is uncertainty about commercial regulations, tax and environmental and we were proactive with Congress and management,” Bara said in the letter to investors.
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In our talks, we stressed the importance of a strong manufacturing sector and an American leadership in advanced technologies.
“It is clear that we share a lot of common land, and we appreciate the dialogue,” she said.
Bara said in a profit call that she was optimistic about the changes.
“We believe that the president wants to use politics and regulations in ways that will enhance, not to harm local manufacturers such as General Motors,” she said, according to wealth.
“With regard to potential tariffs, we are working on logistical network networks and our assembly factories so that we are ready to mitigate the effects close to the range.”
The “Electrical Future” concerned
Trump plans to reduce electric cars can also move the planned GM shift from gas -powered cars to EVS over the next decade.
“We still believe in a full electrical future,” Bara said in an interview with Yahoo Finance in April 2024.
“Our mission is to create a world with Zero accidents, zero emissions, and zero crowds.”
Hours after its opening, Trump stopped billions of dollars in funding for EV.
The brakes pumped for former President Joe Biden that half of all new vehicles are electrical by 2030.
Whatever happens on these fronts, we have a wide and deep range of ICE and EVS vehicles that grow the market share, and we will be flexible and implement as much efficiency as possible. “
Mary Barra
He also called to get rid of tax credit worth $ 7,500 per vehicle for EV.
“Whatever happens on these fronts, we have a wide and profound group of ice vehicles and EVS that grow in the market share, and we will be graceful and we will implement as much efficiency as possible,” said Barra.
“Very wide Playbook”
GM CFO Paul Jacobson told reporters on Monday that the auto manufacturer is preparing for the best of Trump's following moves.
“We are doing large -scale talks with the administration, internally, with our partners, with our supply chain, we are really trying to understand what we will do if the world changes significantly,” said Jacobson, according to CNN.
“I would like to say that we have a large -scale play book. I will not go into detail.
“We have been prepared for that. We want to make sure that we are wise, we do not exaggerate its reaction.”
While Trump said that the customs tariff will make America “rich as Kaimim”, car experts warned that car prices would rise.
Analysts estimated that the high price of the car will rise by about 3000 dollars.
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