Wall Street Journal (August 1)
“There is an irony in Detroit right now: The automaker most reliant on U.S. manufacturing is among the hardest hit by tariffs.” Of any automaker, Ford manufactures the most vehicles in the U.S. “Some 80% of the cars Ford sells in the U.S. are built there,” but Ford is being “put it at a disadvantage with foreign rivals. Those deals now set a 15% tariff rate.” Ford which paid $800 million for tariffs in Q2 has been particularly hard hit as it “faces steeper tariffs on many parts as well as higher costs for imported aluminum, which is subject to 50% duties.”
Tags: $800 million, 15%, 50, Aluminum, Automaker, Detroit, Disadvantage, Ford, Foreign rivals, Irony, Manufacturing, Parts, Q2, Reliant, Tariffs, U.S., Vehicles
WARC (December 18)
With wireless giant China Mobile leading the rankings, “domestic brands are outperforming foreign rivals when it comes to connecting with Chinese consumers via corporate social responsibility activities.” The next spots were occupied by Dairy group Mengniu and Lenovo.
Tags: Brands, China Mobile, Consumers, CSR, Domestic, Foreign rivals, Lenovo, Mengniu, Outperform, Rankings, Wireless
