Ford, GM, Stellantis Stocks Rise. Thank President Trump.
Market Intelligence Analysis
AI-PoweredShares of traditional automakers, including Ford, GM, and Stellantis, rose after President Trump announced plans to rescind CAFE standards, favoring gasoline-powered cars over electric vehicles.
Market impact analysis based on bullish sentiment with 78% confidence.
Article Context
Shares of traditional auto makers rose on Wednesday, boosted by policy changes that favor gasoline-powered cars over their all-electric peers. Shares of Chrysler’s parent, Stellantis rose 4.5% to $11.46. President Donald Trump spoke in the Oval Office, saying he has instructed Transportation Secretary Sean Duffy to rescind the “horrible CAFE standards,” which govern how efficient cars must be.
Analysis and insights provided by AnalystMarkets AI.