Thursday 26 July 2018

Tariffs ding Detroit automakers' profit forecasts, stocks hit

SHARE

Tariffs ding Detroit automakers' profit forecasts, stocks hitBy Nick Carey and Ben Klayman DETROIT (Reuters) - Detroit automakers General Motors Co , Ford Motor Co and Fiat Chrysler Automobiles NV (FCA) lowered their full-year profit forecasts on Wednesday due to escalating tariffs, hitting their stocks as investors bet that escalating trade disputes would hurt margins and sales. GM cited higher steel and aluminum costs for its 2018 profit forecast reduction as a result of tariffs imposed by U.S. President Donald Trump's administration.




from Yahoo News - Latest News & Headlines https://ift.tt/2uRo3HJ

SHARE

Author: verified_user

0 coment�rios: