Brief: CT Automotive Group Says Outlook For Business Becomes More Complex With Uncertainty By Tariffs
07/05/2025 07:27
May 7 (Reuters) - CT Automotive Group PLC CTA.L: CT AUTOMOTIVE GROUP PLC: OUTLOOK FOR BUSINESS HAS BECOME MORE COMPLEX WITH UNCERTAINTY CAUSED BY TARIFFS CT AUTOMOTIVE : NEAR-SHORED A NUMBER OF PRODUCTION PROGRAMMES SUPPLYING US, WITH PRODUCTS MANUFACTURED IN CHINESE FACILITIES TRANSFERRING TO MEXICO CT AUTOMOTIVE : IN Q1, CUSTOMERS CHOSE TO RELOCATE 3 NEW PROGRAMMES TO CT AUTOMOTIVE TO BE PRODUCED IN MEXICO FACILITY, TO MITIGATE IMPACT OF TARIFFS CT AUTOMOTIVE GROUP PLC: TRADING IN Q1 OF 2025 WAS IN LINE WITH MANAGEMENT EXPECTATIONS Source text: ID:nRSG6500Ha Further company coverage: CTA.L ((Reuters.Briefs@thomsonreuters.com;))