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Core News Facts
General Motors (NYSE: GM) and Ford Motor Company (NYSE: F) are adapting to the challenges posed by tariffs and changes in EV tax credits in 2025. Tariffs have added billions in costs, but recent adjustments by the Trump administration aim to alleviate some financial burdens.
The list of auto parts affected by tariffs has expanded to include components like touchscreen displays and various drive axles. Additionally, eligible parts from Canada and Mexico may be exempt from tariffs, and the tariff offset program has been extended through April 2030, allowing a 3.75% offset on U.S.-produced vehicle sticker prices.
Financially, GM’s estimated tariff costs have decreased from $4.5 billion to $3.5 billion, while Ford halved its estimates from $2 billion to $1 billion. GM recently committed $4 billion to domestic manufacturing, aiming to assemble 2 million vehicles in the U.S.
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