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3 Auto Stocks Sliding on Trump Tariff Concerns
FFord Motor(F) Schaeffers Investment Research·2024-11-26 19:35

Core Viewpoint - The auto sector is negatively impacted by President-Elect Donald Trump's announcement of a 25% tariff on goods from Mexico and Canada, raising concerns about the interdependence of the North American auto industry and its complex supply chains [1] Group 1: Company Performance - Ford Motor Co (NYSE:F) stock decreased by 2.1% to 11.16,strugglingtorecoverfroman18.411.16, struggling to recover from an 18.4% drop following its July 25 earnings report, and is down 7% year-to-date [2] - General Motors Co (NYSE:GM) stock fell by 8.5% to 55.09, retreating from two-year highs, but has a strong year-to-date performance with a 53.7% increase since the start of 2024 [3] - Stellantis NV (NYSE:STLA) stock dropped by 5.4% to 12.64,reachingatwo−yearlowof12.64, reaching a two-year low of 11.37, and has seen a significant decline of 45.7% since the beginning of the year [4]