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Reuters1d agoneutral

GM to start assembling Chevrolet Groove and Aveo in Mexico, in shift away from China

MEXICO CITY, May 19 (Reuters) - General Motors said on Tuesday it would start assembling the Chevrolet Groove and Aveo in Mexico for sale in the local market, although the company will continue to

The Wall Street Journal1d agoneutral

Fire-Damaged Auto Aluminum Plant Closer to Restarting

A fire-damaged aluminum rolling plant in upstate New York that supplies Ford Motor and other automakers will return to service in the next few weeks, its owner said Tuesday. The restart of the Oswego, N.Y., Novelis plant is running slightly ahead of the company’s earlier target for restarting the plant at the end of June, the company said. Ford, which is the U.S. auto industry’s biggest user of aluminum, said in April it expected Oswego’s rolling line to restart this month.

TheStreet3d agoneutral

Ford rival doubles down on China with bold move

While Ford and General Motors wrestle with their China strategies, Stellantis is doubling down on the world's largest auto market. Stellantis, the maker of Jeep, Ram, and Peugeot, just made two sweeping moves that signal a sharply different playbook from its American rivals. The decisions ...

F GM

TheStreet6d agoneutral

Another iconic auto brand is taken down by low EV sales

Automakers around the world are learning just how much government subsidies propped up their electric vehicle sales, as the expiration of those subsidies is throwing cold water on the industry's EV ambitions. Take Honda, for example. Over the last three decades, the Japanese automaker has gone from ...

F GM

Motley Fool6d agoneutral

Here's What's Driving Ford's Guidance Hike -- and What Isn't.

Ford raised its guidance after a solid first quarter, and there's more suggesting there's near-term upside for the stock.

F GM INTC

Bloomberg9d agoneutral

GM to Cut Hundreds of White Collar Workers in IT Overhaul

(Bloomberg) -- General Motors Co. plans to cut hundreds of salaried workers from its information technology ranks in an effort to trim costs and clear the way to bring in staff with skills in other technology areas. Most Read from BloombergIran Makes New Offer on Uranium in Response to US, WSJ SaysInside a Year of Chaos and Conflict at Kevin Hart’s Media CompanyTrump Rejects New Iran Peace Offer as ‘Totally Unacceptable’Modi Asks Indians to Stop Buying Gold, Hitting Jewelry StocksChina Confirms

Investing.com10d agoneutral

Court rules against Section 122 tariffs: new legal risks for future tariffs?

Investing.com -- The U.S. Court of International Trade (CIT) has ruled that President Trump’s 10% universal tariff, imposed under Section 122 of the Trade Act of 1974, is unlawful.

F FDX GM

Yahoo Finance Video12d agoneutralVIDEO

Manufacturing investments in US are paying off: Acting Labor Secy.

The US economy grew by 115,000 non-farm payroll jobs in April, according to the Bureau of Labor Statistics' (BLS) latest report, above economists' forecasts of 65,000. The national unemployment rate held steady at 4.3%. Acting US Secretary of Labor Keith E. Sonderling sits down with Yahoo Finance Senior Reporter Jennifer Schonberger to talk about the fresh labor data, citing "resiliency" in job growth amid domestic investments in the US from major companies. Sonderling took on the mantle of Acting Secretary of Labor after Lori Chavez-DeRemer resigned from the Trump Cabinet position on April 20.