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Investing.com -- President Donald Trump expressed approval of Canada's agreement with China that limits Chinese electric vehicle imports through a quota system with reduced tariffs, Canadian Prime Minister Mark Carney said Wednesday at the Group of Seven leaders summit in Evian, France.
GM revealed its next-generation 2027 Chevrolet Silverado pickup, calling it the most powerful and advanced Silverado ever — and rolling it out just as crosstown rival Ford struggles to keep its bestselling F-150 on dealer lots.
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.
Investing.com-- General Motors (NYSE:GM) is in talks with Lockheed Martin (NYSE:LMT) to manufacture components for the defense contractor’s weapons systems, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
The automaker seeks to grow its defense subsidiary as the U.S. aims to replenish munitions supplies.
Some of the largest companies in Tennessee or with state ties are seeking billions in tariff refunds from the government, but will customers see any money?
General Motors' (GM) energy storage business is underappreciated by investors, while its US tariff e
General Motors is considering using an unproven, but possibly more powerful, battery technology for its electric vehicles. The stock is up on Thursday.
Unionized workers at a Michigan plant producing a key component for General Motors trucks have reached a tentative agreement for a new labor contract following a 10-day strike. “After 18 years of sacrifice, these workers are finally winning back a big chunk of what was taken from them,” United Auto Workers union President Shawn Fain said. The deal between the UAW and Dauch Corp., formerly known as American Axle means workers could soon return to the Three Rivers, Mich., factory where they produce axles for GM’s heavy-duty pickups, the Chevrolet Silverado and the GMC Sierra.
By Abhirup Roy and Kalea Hall SAN FRANCISCO, June 10 (Reuters) - General Motors may scrap plans to use a lower-cost, iron-based battery chemistry that many automakers are using to cut electric-vehicle
SAN FRANCISCO, June 9 (Reuters) - General Motors is releasing a software update that allows some U. electric-vehicle owners to pipe power back to the electric grid, another example of car companies pursuing business opportunities in the energy sector.
(Bloomberg) -- The Pentagon accused some of China’s biggest companies, including Alibaba Group Holding Ltd., Baidu Inc. and BYD Co. of supporting the Chinese military, doubling down on an earlier decision to label crown jewels of the country’s corporate world as threats to US national security.Most Read from BloombergHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’LA Mayor Race Flips as Socialist Beats Reality TV Star PrattTrump Says He, Not Congress, Is in Charge of Kennedy Center
By David Shepardson WASHINGTON, June 4 (Reuters) - President Donald Trump said on Thursday he met with senior leaders in the auto industry to discuss the ongoing debate over "right-to-repair"
When an entire industry sprints for the same exit, following the crowd looks like the safe move. Carmakers are herd animals. They chase the same buyers, copy the same bets, and retreat in the same direction when those bets sour. For two years, that direction has been away from electric vehicles. ...
(Bloomberg) -- Investors betting that more old-world auto companies are in line to benefit from the boom in artificial intelligence got another stamp of approval from Wall Street.Most Read from BloombergTrump Begins Rebuilding His Tariff Wall, Citing Forced LaborRussia Finance Officials Tell Putin War Spending Is UnaffordableTrump to Get Audit Immunity as $1.8 Billion Fund in DoubtTikTok Billionaire Overtakes Mukesh Ambani as Asia’s Second-Richest PersonRBI May Have Sold Gold to Save FX Reserves
Wages and benefits that have been left behind by inflation prompted a strike that could threaten the production of a range of Chevy and GMC pickups.
The work stoppage at the Dauch Corp. plant—still commonly known by its former name, American Axle —halts the supply of axles and axle tubes destined for GM’s midsize and full-size pickup trucks. If GM’s existing stockpile of the crucial parts runs out, the automaker won’t be able to make some of its best-selling and most lucrative vehicles. The situation imperils GM’s heavy-duty Chevrolet Silverado and GMC Sierra pickups, as well as midsize trucks that compete for buyers with Toyota’s Tacoma and Ford’s Ranger.
(Bloomberg) -- Elon Musk’s SpaceX is negotiating to pay razor-thin fees to Wall Street firms handling its IPO — but banks are still likely to rake in about $500 million from the record-setting market debut.Most Read from BloombergRussia Finance Officials Tell Putin War Spending Is UnaffordableCanada Dips Into Technical Recession for First Time Since 2020Alphabet to Raise $80 Billion in Equity for AI SpendingAndrew Left Found Guilty in Case That Spooked Short SellersUS Says Deals With Iran for Sa
Every generation of workers hears that a machine is coming for its job. Sometimes the machine arrives. More often it just reshuffles the work, moving people from one task to another without the dramatic reckoning anyone braced for. Factories have carried that worry longer than most workplaces. The ...
Nearly 1,000 workers at a Michigan automotive supplier went on strike, stalling the production of key parts for General Motors’ midsize and full-size pickup trucks. Workers at the American Axle plant in Three Rivers, Mich., are at an impasse with the company over a new labor contract. Workers say their pay hasn’t recovered from 2008, when they agreed to slash wages in half to keep the plant running during dire economic times, despite high profit at American Axle in recent years on the strength of GM’s truck sales.
Nearly 1,000 workers at a Michigan automotive supplier are set to strike, stalling the production of key parts for General Motors’ midsize and full-size pickup trucks. Workers at the American Axle plant in Three Rivers, Mich. are at an impasse with the company over a new labor contract. Workers say their pay hasn’t recovered from 2008, when they agreed to slash wages in half to keep the plant running during dire economic times, despite high profit at American Axle in recent years on the strength of GM’s truck sales.
Ford Motor (F) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
DETROIT, May 29 (Reuters) - A battery plant partly owned by General Motors is delaying the return of hundreds of workers in northeast Ohio amid continued weak demand for electric cars. Workers at the Ultium Cells plant in Warren, Ohio, jointly owned by GM and LG Energy Solution, are now being told they will begin to return to work in August, the company confirmed in a statement to Reuters.
DETROIT, May 29 (Reuters) - A battery plant partly owned by General Motors is delaying the return of hundreds of workers in northeast Ohio amid continued weak demand for electric cars, according to
A big move in Ford's stock.
Last year, during the company's third-quarter earnings call, Ford CFO Kumare Glahotra made a promise to investors. “Improving quality is the single biggest driver to close our cost gap. Better quality lowers warranty expense and reduces recalls,” Galhotra said. But so far this year, Ford once again ...
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.
The technical Wall Street term for investors short-selling space stocks right now is “getting your face ripped off.” Shares of commercial space companies are on fire lately. Coming into Wednesday trading, shares of Rocket Lab and AST SpaceMobile to name two, were up 74% and 55%, respectively, over the past month, leaving them both up more than 380% over the past 12 months.
The automaker’s foray into the energy-storage business represents an opportunity to capitalize on the AI boom.
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