Good thing we exited Auto Finance.

Trump's tariffs will shut down American auto production. Bye, bye US auto industry.

Don't believe it? Go read what the executive chairwoman of Canadian auto parts maker Linamar said.

“If, indeed, 10 or 25 percent is imposed, or, in my opinion, almost any tariff in terms of tariffs on auto parts that cross the border, I think we'll stop making vehicles in North America pretty quickly. Because nobody can absorb that kind of cost. I'd say it won't take more than a week for production to stop. You can't make a car if you don't have all the parts,” she told Automotive News.

Headquartered in Guelph, Ontario, Linamar operates 24 plants in Canada, 6 in Mexico and 17 in the United States. Said Hasenfratz, “some of its auto parts cross the border up to seven times before the vehicle they serve ends up in an owner's driveway.” In her view, tariffs will only increase the cost of finished vehicles.

https://www.auto123.com/en/news/usa-tariffs-imports-canada-february-march/72354/

Comment! It's anonymous!

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More layoffs in Auto this week

WF did exit the consumer auto loan business. Go try to apply for one on WFdotCOM, or at your local branch. You can’t. You can only get one through a dealer.

The only people with TDS are all the MAGAts who can’t think for themselves.

Stop outsourcing my job, I am tired of training foreign students on visas.

Tariff the skilled labor imports, not toilet papers. But you can tax anything if we can have our jobs.

Don't blame me. I sure af didn't vote for him.

Wtf is this deal in the first place and what does it have to do with what is being talked about? Dont get lost in the weeds with a bad faith actor who doesnt even understand how the world works.

There aren’t tariffs on cars from the EU in the first place, a “deal” wouldn’t prove anything. This was just some weird deflection the conservatroll fell for and tried to pass off here.

Just post an announcement about it from either those companies or the US gov, not some fourthhand rando that was spun into misinformation for the rubes.

Thats literally all you have to do to prove that the deal exists. Til you can do that, theres no reason to believe there is one.

Don't believe it? Go read what the executive chairwoman of Canadian auto parts maker Linamar said.

Um yeah.
Well, opinions are like azzholes, everyone has one.

No we do not lol

nope not true we have a new deal with VW and Audi

@cq+1jk02m2jq This. Tariffs are the epitome of cutting off your nose to spite your face. The board troll will keep spamming upvotes like a florida housewife going back to her abuser.

The crazy guy is really lashing out with the downvotes after someone dared question Dear Leader's misguided understanding of basic economics. Definitely not cult behavior, no sir.

Cons are losing the narrative because regular citizens don't like being attacked by their government.

@ck+1jk02m2jq Economists even knew by...whenever you took Macro (the Kennedy administration?) that tariffs are a short-sighted and self-inflicted wound.

But that goes against the reality that your cult leader has given you, so that can't be the case!

Wow look at those downvotes and weirdass comments, reality really shook up the conservatroll

Oh do they cover spamming upvotes on your own ignorant post in econ, Qt@rd?

People should stop listening to the leftist news outlets.

There are too many amateurs here on this board, probably many are liberal arts or engineering majors who don't understand how the economy and business work. Folks, take some macro and micro economics 101, finance and accounting 101.

Goods costing the American end consumer whatever % more the tariffs are (and not the foreign manufacturer) + artificially low interest rates pumping speculative bubbles with free money + other countries not buying american = somehow lowers inflation?

lmao they really are this d-mb

Can't wait to see full-size US pickups with 6 figure price tags. How are Americans supposed to afford that when we can hardly buy food?

GG America. We lost.

Can’t stand the auto financing business in general here in America. My wife’s grandpa just got roped into a 540/month car payment through age 90 (84 currently). The guy has nothing but social security income. Insanity.

Auto finance was messed up when the interest rates skyrocketed and inflation rate increased car prices under the Biden admin. Average people could no longer afford to take auto loans, and a 4 year loan became an 8 year loan. Now the Trump admin will bring down the interest rates and the inflation rate. So even if the tariff increases, it will at least cancels out each other. The bright side of the tariff increase is it will bring many jobs back to the US.

@c0 I'll take their business expertise over your board-trollspertice.

A Canadian that would be the target of said tariff is saying the auto industry will be destroyed. No bias there at all.

They are just fear-mongering to get the exceptions.

Auto still exists and we have many work efforts underway.

The hope is that we can quit WF and start our own Auto Manufacturing business. 25% cheaper than imports.
Duh

This post is way more political than this board is intended to be. Get a blog and get a life, libtard. There is treatment available for TDS. SMH.

News flash, we still do Auto Finance. Regardless of price America is a country in need and in love with automobiles. We will continue to buy regardless of price, just longer terms and at the lower interest rates Trump promised.

Truth

Once the US automakers go bankrupt, the billionaire oligarchs will swoop in to buy them, cancel the tariffs and keep the inflated prices.

Last year was the first year of declining sales for Tesla, they only made a profit due to their BTC holdings, which Trump is expected to juice for them.

America for sale to the robber-barons.

Thread regarding Wells Fargo & Co. layoffs

Good thing we exited Auto Finance.

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