1214 ET - Automakers operate on long-term product cycles so they won't be able to quickly shift gears in reaction to tariffs, Edmunds head of insights Jessica Caldwell says. Car makers will have to move production to other regions or find alternative ways to offset higher costs. Still, "there's no escaping the fact that higher costs will ultimately be passed on to consumers," Caldwell says. The companies that make the largest share of their autos in Mexico and Canada are Volkswagen (45%), Honda (41%) and Nissan (35%), according to Edmunds data. Subaru and Mercedes-Benz make less than 5% of their products in those countries. (katherine.hamilton@wsj.com)
(END) Dow Jones Newswires
March 04, 2025 12:14 ET (17:14 GMT)
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