Car prices face US$3,000 increase as tariffs hit auto sector

APMA
Feb 19
1 min read

Jacob Lorinc, David Welch and Amy Stillman, Bloomberg News

February 2, 2025

“The auto sector is going to shut down within a week,” said Flavio Volpe, president of Canada’s Automotive Parts Manufacturers’ Association. “At 25 per cent, absolutely nobody in our business is profitable by a long shot.”

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