NEW YORK -- Global automobile production is on track to decline 2% on the year to 87.9 million vehicles in 2025 as a result of the Trump administration's tariffs, a new forecast for the industry shows.
Automakers increasingly step back from shipments to US market
A worker assembles a pickup truck at a Ford plant in Dearborn, Michigan. North American auto production is expected to decline 9% in 2025. © Reuters
NEW YORK -- Global automobile production is on track to decline 2% on the year to 87.9 million vehicles in 2025 as a result of the Trump administration's tariffs, a new forecast for the industry shows.