American carmakers are facing increased credit pressure due to US tariffs nearing implementation. This has led to a widening in the yield on investment-grade car bonds compared to Treasury bonds, indicating investors’ growing concerns about automakers’ financial health. Despite rising bond prices, automakers’ credit is lagging behind that of other high-grade debt.
Source: https://www.bloomberg.com/news/articles/2025-03-03/us-canada-carmakers-face-credit-market-pressure-as-tariffs-near