Updates with midday trade

** Shares of U.S. automakers recover ground after selloff in Tuesday's session

** President Donald Trump held a call with CEOs of General Motors GM.N and Ford F.N and the chair of Stellantis STLAM.MI to discuss the potential of delaying tariffs on North American-built vehicles by 30 days, two sources told Reuters.

** Auto stocks hold gains after the report: General Motors GM.N up 5.3%, Ford Motor F.N rises 3.4%, Tesla TSLA.O up 0.4%

** U.S. Commerce Secretary Howard Lutnick says announcement expected later in the day on tariffs imposed on Canada and Mexico

** On Tuesday, GM dropped 4.6%, Ford lost 2.9% and Tesla fell 4.4%

** Tariffs could hike vehicle prices as much as 25%, trade group representing major automakers warned on Tuesday

** Index of S&P 500 automobile companies .SPLRCAUTO has lost 31% YTD as worries about U.S. tariffs have weighed on the sector

(Reporting by Lisa Pauline Mattackal)

((LisaPauline.Mattackal@thomsonreuters.com))