GM, tariff and Trump
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“Elon seems to be also exiting the auto industry, clearly pulling capital out of the business and doubling down on AI, autonomy, and robotaxis,” Morgan Stanley analyst Adam Jonas said during the Tuesday investor call. “So how does GM expect to be profitable with EVs when players like Tesla apparently cannot?”
Fresh off of his FOX News op-Ed where he blasted late night host Stephen Colbert for his left-leaning "political bias," conservative-minded comedian and "Happy Gilmore 2" star Rob Schneider sent more shade the 61-year-old's way in a red carpet interview last night. Speaking with Variety, Schneider ...
President Donald Trump’s 25% tariffs on imported vehicles and parts have sent shockwaves through the U.S. auto industry.
The tariff on imported Japanese cars has been cut to 15%, down from 25%, in a deal announced by President Donald Trump.
General Motors’ profit and revenue declined in its second-quarter but the automaker’s results managed to easily top Wall Street’s expectations and the company stuck by its full-year financial outlook
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Automaker General Motors posted a 12% sales gain through the first half of year while working to mitigate the effects of President Donald Trump's tariffs.
The Detroit automaker signed an agreement with Redwood Materials to turn new and used EV batteries into storage systems to power AI data centers.
General Motors is the latest U.S. auto giant to say tariffs have taken a chunk from their earnings. The company beat earnings expectations on Tuesday, but reported a decline in second-quarter profits, including a $1.1 billion hit as a result of hefty import taxes.