GM, Ford Miss Out On Tax Benefit Trump Hands To Foreign Foes

Compare that with the big boost Japanese and German automakers expect from President Donald Trump’s tax bill. Owing less to Uncle Sam will lift profit by about $3.1 billion at Honda Motor Co. and $2.6 billion at Toyota Motor Corp. in the fiscal year ending in March, according to the companies. Mercedes-Benz maker Daimler AG reported a favorable impact of about $1.2 billion to 2017 profit.

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GM, Ford miss out on tax benefit Trump hands to foreign automakers