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General Motors is seeing consumer preferences shift away from pickup trucks, full-size utility vehicles and its more gas-reliant vehicles following fuel price increases, GM’s North American chief Duncan Aldred said. Aldred cautioned that GM isn’t convinced that the shift will be permanent. It’s historically taken six months or more before high gas prices prompt buyers to consider more fuel-efficient vehicles.

GM, Ford and Toyota have said they are planning for U.S. new-car sales to stagnate or shrink this year, as prospective buyers stay on the sidelines of the new-car market.

Ford shares recently traded about 3.7% higher on the day, on track for their highest close since 2022. General Motors shares are also up about 4.5%, but Ford stock in particular has been surging this year as investors look at the company's energy division as an opportunity to capitalize on the AI boom and soaring energy demand.

May 18 (Reuters) - Compass Minerals plans ‌to jump back into ‌the lithium market by partnering ​with technology startup EnergyX to extract the battery metal from Utah's Great Salt ‌Lake, ⁠a move that comes as prices rise ⁠for the critical mineral alongside a broader push ​to boost ​U. The companies have ‌signed a memorandum of understanding that, if finalized, would see General Motors-backed EnergyX invest more than $400 million ‌and use ​its direct lithium ​extraction (DLE) ​technology to filt

CMI beat Q1 2026 estimates as Power Systems and data-center power demand lifted margins, even as Engine and Components sales fell.