General Motors has plans to alleviate up to 50 % of the possible definitions in North America

Detroit – General Motors It is believed that it can reduce up to 50 % of the potential definition head Donald Trump CEO Mary Para said on Tuesday that his threat to impose imports from Canada and Mexico.

The CEO said that Detroit Motors has ready emergency plans if customs duties are imposed on auto parts and vehicles coming to the United States from the neighboring countries. This includes avoiding short -term effects ranging from 30 % and 50 % of additional costs “without publishing any capital.

“We are ready,” Bara said on Tuesday during the Wolf Investment Investment Conference. “When we know exactly what will happen and/or even we have an indication of what will happen, we know the steps we can take.”

GM CFO Paul Jacobson, who appeared with Barra, added that if the definitions are long, the company can take additional measures such as changing production, parts or vehicles.

The comments are the most detailed yet about how General Motors believed that it can reduce the impact of definitions after the investor’s concerns have not been addressed about this problem The company’s shares of 8 %.

General Motors has some operations in Canada, with greater production in Mexico. This includes many low -price electric cars as well as full -sized pickup trucks.

Bara’s comments were followed by Crossstown Ford Motor CEO Jim Farley says that Trump’s tariff, whether implemented or threatened, causes “chaos” for the American auto industry.

Farali described this week 25 % tariffs on steel and aluminumIn addition to the threatened fees with the same amount on Mexico and Canada, it currently adds “a lot of cost, and a lot of chaos” to this industry.

“President Trump has talked a lot about making the American auto industry stronger, making more production here, and more innovation in the United States, and if his administration can achieve this, it will be one of … the most signature of the signature “. Wolf Conference. “So far what we see is a lot of cost, and a lot of chaos.”

Farley and Ford, the next Sherry House financial manager, said that the majority of the company’s steel and aluminum are obtained locally; However, there is a car industry supplier that the source of such materials from outside the country, which can have a cost effect.

Para noted that General Motors “evaluated” the impact of a steel and aluminum tariff on her business, but said that the company’s sources were “important” from the United States in the short term, and said that General Motors also had fixed prices on these purchases.

General Motors and Ford, with one million dollars each, along with vehicles, contributed to the inauguration of Trump. Executive officials confirmed with both that they spoke with Trump about the auto industry.

House said on Tuesday that Ford’s greatest interest is all these measures that seem relatively small, including on suppliers, and they negatively collect the impact on the car industry.

“We will have to deal with it. This is what I am talking about about the cost of chaos. Here a little, there is a little … that’s what we are dealing with now,” said Farley.

Farali seemed more worried about potential duties on goods from Mexico and the United States, saying that a 25 % long -term tariff could come into effect as soon as March 1 is “destroyed” and “bombing a hole in the United States industry that we are. I have never seen. “

The White House did not immediately respond to Farley’s comments.

Farley said that he was traveling on Wednesday to Washington, DC, for the second time in three weeks to meet government officials, including members of Congress, to emphasize how the uncertainty in politics affects the industry.

Last week, Farley also said if the Trump administration would implement the definitions that affect the auto industry, then it must take “Shamil” see all countries.

Farley Branch Toyota is an engine and Hyundai Motor To import hundreds of thousands of vehicles annually from Japan and South KoreaRespectively, this does not have a few duties or is non -existent compared to Trump, the tariff by 25 % Plan to impose on Canada and Mexico.

Ford regularly promotes its American business, including advertising campaigns. The company is the first automobile product in the United States, where most vehicles were collected locally as well as exported to other countries.