Automakers have been footing a hefty tariff bill — to the tune of $30 billion across the industry this year, according to a recent analysis from Moody's.
The industry is also grappling with a shortage of semiconductors, leaving them without the chips they need to build some vehicles, as well as a fire at an aluminum plant that's hurting the supply chain for Ford and Stellantis.
Despite those headwinds, quarterly earnings reports from automakers are so far showing resilience. General Motors reported $3.4 billion in profits last quarter and Ford brought in $2.6 billion, both beating expectations. Stellantis, the maker of Jeep, Dodge, Chrysler and Ram, increased its revenues by 13% year over year. Hyundai, despite seeing a 29% decline in profits compared to the same quarter last year, s

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