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Ford and GM report big sales boosts as Trump's tariffs threaten to raise prices and hit their profits

By Business Insider   |   1 week ago
Ford and GM report big sales boosts as Trump's tariffs threaten to raise prices and hit their profits

GM and Ford experienced a surge in sales before Trump's 25% tariffs on imported vehicles. Both carmakers saw significant increases in sales, with Ford reporting a 94% rise in EV sales. Analysts predict a harsh impact on automakers' profits due to the tariffs.

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