Ford Motor may hike prices due to US auto tariffs

US automakers have privately warned lawmakers that they will be forced to drastically raise prices if the tariffs remain in place. — Reuters

NEW YORK: Ford Motor may raise prices of its new vehicles in May if US President Donald Trump’s auto tariffs are not eased, Automotive News reported, citing a memo to dealers.

Both US and foreign automakers have rushed to alleviate consumer concerns about tariffs inflating costs at dealerships by offering price assurances and substantial discounts.