Julia Carpenter
Appearances
WSJ What’s News
What’s News in Earnings: How Car Companies Are Prepping for Tariffs
Thank you. Hey listeners, it's Wednesday, May 7th. I'm Julia Carpenter for The Wall Street Journal, and this is What's News in Earnings, our look at some of the big themes standing out this earnings season. Today, we're talking about automakers. It certainly hasn't been a quiet few months for big automotive companies like Ford, Stellantis, General Motors, and Tesla.
WSJ What’s News
What’s News in Earnings: How Car Companies Are Prepping for Tariffs
General Motors said they're expecting $4 billion to $5 billion in tariff costs this year, and that could cut net profit by as much as a quarter. Those are giant numbers. What is GM planning to do about them?
WSJ What’s News
What’s News in Earnings: How Car Companies Are Prepping for Tariffs
And Stellantis, which I know you cover, is, of course, in the midst of this big transition period. They're still looking for a new CEO. Right. Their CEO left late last year. What did the executives share about plans there?
WSJ What’s News
What’s News in Earnings: How Car Companies Are Prepping for Tariffs
I'm thinking about everything you've just described with Stellantis. A lot of these challenges seem to have broader implications.
WSJ What’s News
What’s News in Earnings: How Car Companies Are Prepping for Tariffs
Tesla reported pretty weak results, some of the weakest posted in years. 71% drop in net income during its most recent quarter. And of course, Elon Musk has been spending more time at the White House. What's happening with Tesla? How is this impacting the company? And what is it saying it's going to do next?
WSJ What’s News
What’s News in Earnings: How Car Companies Are Prepping for Tariffs
They've been the target of Trump administration tariffs, and the back and forth with the White House has dominated the news cycle. So how are the companies responding? And what will it mean for customers? Ryan Felton covers automotive regulatory issues and the car company Stellantis for The Wall Street Journal. And he's here to explain all that's happening across the sector. Ryan, good to see you.
WSJ What’s News
What’s News in Earnings: How Car Companies Are Prepping for Tariffs
Ryan, I wanted to ask you about the possibility of supply chain disruption. Ford mentioned it on their earnings call. It's a big concern for a lot of consumers, a concern for investors. Are we seeing it happen now or is this still a concern for the future?
WSJ What’s News
What’s News in Earnings: How Car Companies Are Prepping for Tariffs
Last question for you, Ryan. Looking ahead, can we expect to see the tariffs passed on to consumers? And what have companies had to say about that and what they're going to do about it?
WSJ What’s News
What’s News in Earnings: How Car Companies Are Prepping for Tariffs
We've now seen earning reports from big automakers like Ford, Tesla, General Motors, Stellantis. All four mentioned tariffs. Can you tell me more about how executives addressed this concern and talked about what it means for the future?