Volkswagen plans to add an import fee to the price of imported cars in the US in response to President Trump’s 25% tariffs on car imports, with exact fees to be determined by mid-April. The company also plans to cut back on sales incentives, halt rail shipments from Mexico, and hold cars subject to tariffs in port. Other automakers, like Stellantis, are also adjusting production in response to the tariffs, with plants in Canada and Mexico being temporarily shut down, leading to layoffs in Indiana and Michigan.
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The Smartest Growth Stock to Invest $5,000 in Right Now
Despite varying investor goals and risk tolerances, Netflix (NASDAQ: NFLX) stands out as a compelling growth stock, showcasing strong long-term prospects. The company reported a 15.9% year-over-year revenue increase to $11.1 billion and a 47% growth in earnings per share to $7.19, alongside an impressive 87% rise in free cash flow. Want More Context? 🔎
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