re: Car prices set to sky rocket after 25% tariff on Steel and 10% on Aluminium

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While it is true the automakers like General Motors source 90 percent of their steel and aluminum from suppliers here in North America, the concern is what happens to the global price of those commodities. Even if steel and aluminum prices go up due to trade war, Mark Reuss, who oversees product development of purchasing for GM, is not sure it would lead to higher prices in the showroom.

"I'm not sure that we would pass, dollar for dollar, those price increases on to the consumer," Reuss said. "We are here to offset any of those material costs increases or approaches."

Reuss points out GM is focusing on a mixed material strategy for building its cars and trucks. That means a greater use of materials such as lightweight carbon fiber in building new vehicles.

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