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GM to lay off 1,700 workers amid slowing EV demand
General Motors is cutting about 1,700 jobs in Michigan and Ohio as slower EV demand and regulatory shifts reshape production plans.
GM to take $1.6B hit after US cuts EV tax incentives
General Motors will record a negative impact of $1.6 billion in its next quarter after tax incentives for electric vehicles were slashed by the U.S. and rules governing emissions are relaxed. Shares fell less than 2% before the opening bell Tuesday. The EV tax credit ended last month. The clean vehicle tax credit was worth $7,500 for new EVs and […]
U.S. automakers warn of fallout from Japan trade deal
WASHINGTON (AP) — U.S. automakers are concerned about President Donald Trump’s agreement to tariff Japanese vehicles at 15%, saying they will face steeper import taxes on steel, aluminum and parts than their competitors. “We need to review all the details of the agreement, but this is a deal that will charge lower tariffs on Japanese autos with […]
Trump insults Canada ahead of its prime minister’s arrival at the White House
Trump gives new Canadian PM Mark Carney a cold welcome, questioning U.S. dependence on Canada amid rising trade tensions and sovereignty disputes.
