News

GM reports massive profit loss due to Trump's destructive tariff war
The president's trade policies are wreaking havoc on the American auto industry. Another automaker, Stellantis, also reported ...
Tariffs hit U.S. companies hard, but businesses absorb them for now
Automakers might increase prices moving forward, according to a report from the intelligence firm AlixPartners.
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Trump tariffs cost GM $1.1B in second quarter, could hit $5B in costs this year
Tariffs instituted by President Donald Trump have cost Detroit-based General Motors an estimated $1.1 billion in the second quarter of 2025, the automaker said Tuesday. GM says the costs largely ...
The Manila Times on MSN38m
Top US automakers worry about Japan trade deal
Ford and Chrysler-parent Stellantis on Tuesday raised concerns about a trade deal that could cut tariffs on auto imports from Japan to 15 percent while leaving tariffs on imports from Canada and ...
Sleepy Arkansas county set to become America's next boomtown as new steel plants and Trump tariffs fuel revival
US Steel and other manufacturers have poured billions of dollars of investment into the area - and incentives are being ...
GM and Ford Get a Raw Deal in Trump’s Trade Pact With Japan
The tariff on imported Japanese cars has been cut to 15%, down from 25%, in a deal announced by President Donald Trump.
Sleepy Arkansas county set to become America's next boomtown as new steel plants fuel revival
US Steel and other manufacturers have poured billions of dollars of investment into the area - and incentives are being ...
Money Morning51m
GM and Stellantis Lose Billions as Tariffs Reshape U.S. Auto Industry
President Donald Trump’s 25% tariffs on imported vehicles and parts have sent shockwaves through the U.S. auto industry.