What’s News in Earnings: How Car Companies Are Prepping for Tariffs

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  Hey listeners, it's Wednesday, May 7th.

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  I'm Julia Carpenter for The Wall Street Journal, and this is What's News in Earnings,

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  our look at some of the big themes standing out this earnings season.

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  Today, we're talking about automakers.

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  It certainly hasn't been a quiet few months for big automotive companies like Ford,

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  Stellantis, General Motors, and Tesla.

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  They've been the target of Trump administration tariffs,

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  and the back and forth with the White House has dominated the news cycle.

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  So how are the companies responding?

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  And what will it mean for customers?

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  Ryan Felton covers automotive regulatory issues and the car company Stellantis for The Wall Street Journal.

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  And he's here to explain all that's happening across the sector.

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  Ryan, good to see you.

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  Thanks so much for having me on.

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  We've now seen earning reports from big automakers like Ford, Tesla, General Motors, Stellantis.

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  All four mentioned tariffs.

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  Can you tell me more about how executives addressed this concern and talked about what it means for the future?

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  Hedging is probably the best.

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  way to put it the major automakers pulled back on their forecast for the rest of the year projecting a lot of additional costs in the billions of dollars to compensate for the tariffs and then just trying to start figuring out how to get production set up in a way to minimize the tariff liability,

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  which I think at this point has definitely been described as a bit of a challenge

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