GM, Ford Report Q1 Sales as Auto Industry Braces for Tariffs
1. Ford sales declined 1.3% year-over-year to 501,291 vehicles. 2. GM reported its best Q1 sales since 2018, up 17%. 3. Trump's planned tariffs may increase car prices significantly. 4. Ford's retail sales increased 5%, driven by March sales surge. 5. Ford shares fell by 2% amidst tariff uncertainties.