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(Bloomberg) -- Ford Motor Co.’s blistering rally screeched to a halt Friday, as a broader market selloff cooled enthusiasm over the automaker’s potential to benefit from the boom in energy demand for artificial intelligence.Most Read from BloombergHormuz Oil Flows Creep Higher as More Supertankers ExitIran’s Kharg Island Oil Jetties Empty Again Yesterday, Satellite ShowsWhat Is The Thucydides Trap and Why Did Xi Raise It With Trump?Nigerian Tycoon Femi Otedola Buys £53 Million London MansionTrum

In addition, GM’s partner, International Motors, is selling the plant to a Canadian defense company and sending its own truck to Mexico.

This is Cisco's latest layoff in recent years, while the company's chief executive touts record revenue and growth.

STRT's Q3 EPS and sales miss estimates as OEM volume falls and forex/tariffs hurt, even with restructuring gains and strong cash.

The reductions follow hundreds of salaried cuts last year

The reductions are global, though GM has not provided a country-by-country or site-by-site breakdown.

Automaker reshapes operations as EV challenges continue building

The major indexes rose slightly Monday as AI and chips shrugged off higher oil prices as Trump said Iran ceasefire "on life support."

General Motors shares sink as the company announced IT layoffs. But the announcement may actually prove bullish for GM stock in the long run.

The settlement, the largest CCPA penalty in California history, includes a 5-year ban on selling driver data to data brokers

If you've ever felt like pressing on your brake pedal seemed a lot like stepping on a giant sponge, chances are your vehicle needed some brake and clutch fluid. And if you've recently needed brake fluid and purchased ACDelco brand, this product recall is for you. On Thursday, May 7, the National ...

F is reportedly in advanced talks to sell part of its Valencia plant to Geely, a move that could support a new EV project in Europe.

LCID posts wider-than-expected Q1 loss and misses estimates as write-downs, costs and supplier issues hit margins, even as revenues grow and liquidity gets a boost.

HOG Q1 EPS misses as tariffs and incentives squeeze HDMC margins, even with retail sales up and 2026 guidance reaffirmed.