Tariffs, diesel and computer chips are driving up costs for automakers

COLMA, CALIFORNIA - JANUARY 06:  Ford pickup trucks are displayed on the sales lot at Serramonte Ford on January 06, 2026 in Colma, California.

American auto companies say they are paying more for key components like computer chips, steel and copper — plus the fuel needed to transport their products.

(Image credit: Justin Sullivan)

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