Trade war forces automakers Ford and Volvo to cancel big plans
Trade war forces automakers Ford and Volvo to cancel big plans
President Donald Trump’s tariffs — and talk of more — are driving global automakers to make some big decisions. Volvo, which has a Chinese parent company and makes a couple vehicles on the mainland there, canceled a planned initial public offering of its stock, citing the dark cloud of tariffs. Ford, which makes a version of its Focus in China, reiterated that it will no longer export cars made in China to the United States.
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