Automakers Boost Sales Amid Tariffs

This is a U.S. news story, published by CNBC, that relates primarily to J.P. Morgan news.

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automakers

CNBC

•

Technology

Automakers seek ‘opportunity in the chaos’ of Trump’s tariffs

Summary

Nutrition label

84% Informative

Some automakers are trying to capitalize on the moment amid the tariffs, analysts say.

Ford and Stellantis are offering employee-pricing programs, while Hyundai says it will not raise prices for at least two months .

Automakers view the actions as a way to get vehicles off their lots and maintain or increase sales amid uncertain market conditions.

J.P. Morgan on Friday raised its odds for a U.S. and global recession from a 40% chance to 60% chance by the end of the year . "Because the demand is there right now, it makes sense [to offer consumer incentives] because everyone's saying, 'Gotta go get it now,' might as well go ahead and reap the benefits now in case we do go into a recession," Keating said..

VR Score

Informative language

Neutral language

Article tone

semi-formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful