Ford Motor said price hikes on its vehicles could be in store for customers this summer if the Trump administration’s 25% tariffs on automobiles and auto parts imported to the U.S. remain in effect. The company addressed the price hikes in a memo sent to dealers this week, a Ford spokesperson confirmed to CBS MoneyWatch.
Jamie L. LaReau and Jackie Charniga | Detroit Free Press Trump’s auto tariffs to hit $460 billion of US vehicle, parts imports As Donald Trump’s 25% tariff on U.S. auto imports kicks in, the levies look set to upend the industry. A Reuters calculation shows the duties will hit some $460 billion worth of cars
Shawn Fain, President of the United Auto Workers, walks on stage and speaks prior to President Joe Biden speaking to a United Auto Workers’ political convention, Wednesday, Jan. 24, 2024, in Washington. [AP Photo/Alex Brandon] The United Auto Workers and several other major unions filed their 2024 financial reports with the US Department of Labor
Toronto, Ontario — Ford has filed a patent for a vehicle system that can capture wheel dust particles–specifically brake dust, which is a known dangerous inhalent capable of causing inflammation and affecting one’s immune system’s ability to kill bacteria. In the patent, the automaker details a system that captures brake dust via a guide channel located