(Updates with details throughout.)
Ford Motor (F), General Motors (GM), and Stellantis (STLA) were up in recent trading Wednesday after reports that the Trump administration is considering a one-month delay in tariffs on auto imports from Canada and Mexico.
Ford was up nearly 4%, General Motors jumped 5%, and Stellantis rose over 7%.
According to Bloomberg, government officials met with the heads of the three companies on Tuesday to discuss the matter.
Meanwhile, US Commerce Secretary Howard Lutnick reportedly told Bloomberg that the Trump administration could announce relief for some sectors, including autos, on Wednesday.
Bloomberg cautioned, however, that the situation remains fluid.
Ford Motor, General Motors, and Stellantis did not immediately respond to requests for comment from MT Newswire.
Price: 9.44, Change: +0.32, Percent Change: +3.51
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.