U.S. Treasury Reports A $9.7 Billion Loss On GM's Bailout

Today's news covers that #47 has signed off on the GOP plan to push his 2017 Billionaire tax cuts through by bringing back the 40% tax bracket on Singled making over $650,000 or couples making over $750,000 taxing the millionaires to give the Billionaires a continued tax break. The reason for bringing this up is that a large number of Millionaires are owners of dealerships and already some are saying they could see closing dealerships, example Chrysler dealerships. On top of this is a number of recent videos talking about used autos not selling at auction and dealerships seeing a big decline in used auto sales. Much of this brought on by very crazy low lease rates on EVs, hybrids with ICE being the most expensive.  Now you have Tariffs, and the auto industry is a total mess. As such, I agree with folks here that we will see some name brands close, this tariff war is going to force companies to look and cut brands that are not profitable.

There is over abundance for sure, especially when China has 100 EV car makers and eventually they will spread out past China.   Not only will the tariffs kill off some weak brands, but it is going to crush a lot of suppliers once the supply chains get all destroyed.  Not to mention dealerships that close up and job losses there.

The tariffs definitely put Stellantis in a bit of a pickle.

Agree that this whole Tariff mess will take out those that are already on deaths door. This I suspect could clean out a few of the early name plates. Sad that so many billions was wasted by an idiot CEO trying to rebuild a dead industry in Italy with trying to bring back poorly built name plates. Alfa Romeo, Maserati should have never been invested in. But that can now be said for more American name plates too. Time to let Chrysler die with dignity. In my humble opinion Buick other than China should just be put into the history books. GM = Entry level Chevrolet - Mid level GMC and luxury Cadillac. We still have an overabundance on name plates globally.

Tariffs will kill off the Japanese sports cars, and the Mitsubishi brand and probably Maserati, JLR, Alfa Romeo who are all struggling and might be gone in 5 years even without tariffs.  Which then, with less competition in the market, prices of everyone else will probably go up.