Cars
fromBusiness Insider
2 months agoWhy Trump tariffs could wipe out Ford and GM's profits
Trump's tariffs on Mexico and Canada threaten to eliminate profits for Detroit automakers Ford, GM, and Stellantis.
Closing the factory has put 1,100 jobs at risk, with only a few hundred roles moving to the Ellesmere Port plant as part of consolidation.
Doug Ostermann, the Jeep maker's CFO, mentioned, "Most of the disagreements related to tactical issues on how to run the business over that kind of short-term time period and what actions should be taken in regard to short-term metrics versus longer-term benefit of the company." This highlights the contrasting visions of Tavares and the board, indicating how tactical approaches can divert focus from overarching goals.