Quotes
The prior guidance can’t be relied upon, and we’ll come back to the market with clarity as soon as we have it,
the company said
While we further assess the impact of the tariff policies on our North American operations, we look forward to our continued collaboration with the U.S. Administration to strengthen a competitive American auto industry and stimulate exports,
it saidWe believe the future impact of tariffs could be significant,
GM Chief Financial Officer Paul Jacobson told reporters on a call, Reuters reported
The industry undoubtedly benefited from some pull-ahead demand from customers purchasing vehicles ahead of potential tariffs, particularly in March,
Jacobson said on the media call
We haven't made any specific decisions about any major strategic changes until we get more clarity,
he said of the tariffs,We are not going to give any more forward guidance on tariffs until we have more clarity,
the company’s chief financial officer, Paul Jacobson, said in a conference call with reporters
The fundamentals of our business are strong,
he saidI don’t want to be viewed as trying to negotiate in public,
he said
It shouldn't really be especially surprising that participants took something of a 'wait-and-see' approach to proceedings ... with conviction lacking across the board, and markets largely meandering along in a relatively directionless fashion,
said Michael Brown, senior research strategist at PepperstoneWhile consumer and business survey data continue to plunge, the hard data has shown resilience, a trend likely to persist for a month or two until the effects of the Liberation tariffs become evident mid-year,
said Tony Sycamore, a market analyst at IG
As I've repeatedly said, I believe it's up to China to de-escalate, because they sell five times more to us than we sell to them. So these 125 percent tariffs are unsustainable,
he said in an interview aired MondayTariffs on auto parts will scramble the global automotive supply chain and set off a domino effect that will lead to higher auto prices for consumers, lower sales at dealerships and will make servicing and repairing vehicles both more expensive and less predictable,
the industry groups said in the letter
We believe the president’s leadership is helping level the playing field for companies like GM and allowing us to invest even more in the US economy,
Barra saidI helped Tim Cook recently and that whole business,
he told reporters
Most auto suppliers are not capitalised for an abrupt tariff-induced disruption. Many are already in distress and will face production stoppages, layoffs and bankruptcy, ... it only takes the failure of one supplier to lead to a
the letter added, noting
This deal is a major victory for the President’s trade policy by rewarding companies who manufacture domestically, while providing runway to manufacturers who have expressed their commitment to invest in America and expand their domestic manufacturing,
Lutnick said in a statement to CNN
We're grateful to President Trump for his support of the US automotive industry and the millions of Americans who depend on us,
said General Motors Chief Executive Mary Barra
President Trump is building an important partnership with both the domestic automakers and our great American workers,
Commerce Secretary Howard Lutnick said in a statementI need clarity, and then I need consistency,
GM CEO Mary Barra said at a Semafor forum last weekWe do believe that over time Meta needs to continue to evaluate whether Llama needs to be competitive with the leading-edge models,
Gawrelski said