Marie Bara, CEO of General Motors, reveals what he expects from new car tariffs and how the company follows government guidance during an extensive interview with Maria.
General Motors CEO of Mary Bara, citing the company's pressure on expanding US production, told Fox Business on Thursday that due to the company's pressure to expand US production, billions of dollars in new tariffs with car income, but still planning to keep the price of vehicles constant.
Despite the side effects of tariffs, something must be offered – but now, General Motors says customers do not pay the price.
“From the pricing point of view, we said, and we have included in our guidance, it is going to stay at the same level as it is,” Bara said.Morning with Maria.
“Consumers will not have to attract the impact of tariffs,” said Mary Barra, CEO of General Motors. (Photo by Paul Hennessy/SOPA Images/LightroCket/Getty Images)
Barara has received a lot of demand for GM and electric vehicles, noting that the company does not need the main incentives to guide sales and is still committed to choosing more consumers.
GM also focuses on expanding domestic production, Barara said.
“We think there is a lot of work to influence these tariffs as we continue to increase US content and continue to build even more cars in this country than we are doing today,” he said.
Mary Barra, CEO of General Motors, speaks with David Rubenstein, president of the Economic Club at the Ritz Carlton Hotel on December 13, 2023 in Washington, DC. (Anna Moneymaker / Getty Images)
Bara also warned that the competition of China is “very intense”, and acknowledged the Chinese government's subsidies as a factor.
“I think with the business policy that is happening is that we make sure there is a level of play because production in this country, when you look at today's technology on vehicles, there are many consequences of not only economic security but also a national security perspective,” he said.
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Americans in the automotive industry from Warren, Michigan, the outskirts of Detroit, Mol over Trump's new tariff policies, which are trying to produce domestic production.
President Donald Trump signed an executive order to soften tariffs on Tuesday US carmakersPreventing tariffs that are currently dealing with steel and aluminum tasks.
“The president is making an important partnership with our” domestic carmakers and great American workers “, said Howard Luttenik, Minister of Commerce.
“The deal is a great victory for the President's trade policy by rewarding the companies that produce domestically, providing a gang (a) to producers who have expressed their commitment to invest in the US and expand their domestic production,” Lutnik said.
Christina Shaw Fox Business has been involved in this report.