Car shars are rising, as Trump says he wants to “help” in some car companies

Detroit – The shares of auto companies closed on Monday after the President Donald Trump He said that he is looking forward to “helping some car companies” amid a 25 % tariff.

Trump said during a meeting on Monday with the President of El Salvadori Nayeb Bokil in the Oval Office, that the auto companies “need a little time” to transfer their production to the United States.

“I am looking for something to help some car companies, as they turn into spare parts made in Canada, Mexico and other places, and they need a little time because they will make them here,” Trump said without developing possible plans. “But they need a little time, so I am talking about things like that.”

Comments paid the shares like Ford Motorand General Motors And the father’s Churisler Stelantis Higher, with a rise every 3 % and 6 % after trading in advance or negative. shares Rivian cars Close the Monday by 4.9 %, while shares Timing The level was.

Shares of other auto manufacturers such as Toyota is an engineand Honda Motor And EV startup A clear group Close between 1.5 % and 2 %.

One of the senior executives in the auto industry described Trump’s comments as “some recognition that this is getting more difficult in this industry.”

Trump’s comments come on Monday, nearly two weeks after car tariffs on imported vehicles on April 3.

Although definitions are reduced to most countries last week and giving technology companies such as apple Exemptions from fees during the weekend, A car tariff remained valid.

Car manufacturers have She replied to the definitions In a variety of roads. Manufacturers, which are mostly local, such as Ford and Stellantis, have announced temporary deals for employee pricing, while others, such as British car maker Jaguar Land Rover, stopped the US shipments. Hyundai Motor He also said he would not raise prices for at least two months to reduce consumer fears.

GM strategically increased some American production, including the rise Directing at the Beck August truck factory In Indiana, in addition to canceling the previously announced stopping next month at a facility in Tennessee.

“The company continues to update and review production schedules as part of the standard process to evaluate and manage vehicle stocks as needed,” said the driving of the plant in a letter to the workers that CNBC seen: “The previously announced stopping process is canceled for the week that was published on May 12, which means that full production in vehicle collection will work normally.”

A spokesman for General Motors confirmed on Monday the change in the plans of the Tennessee factory, which It produces many transitions to Cadillac.