Wednesday, July 25, 2018

Everybody



told him.

"Raw material costs probably will be a $1 billion headwind -- roughly double GM’s previous expectation. The carmaker’s shares are on course for their steepest one-day plunge in more than seven years."

"While the U.S. president is moving to weaken fuel economy mandates, his tariffs on steel and aluminum -- and potentially on imported cars -- is undercutting what was shaping up to be a near-record year for an iconic American company that weeks ago was riding high on a $2.25 billion investment in its autonomous-driving unit."




Prices are going to go up and more jobs would be lost more than what were protected.
It's coming.
Get used to it.

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