General Motors Co
Automaker shares fall as Trump threatens 25% tariff on Mexico and Canada
A carrier trailer transports Toyota cars for delivery while queuing at the border customs control to cross into the U.S., at the Otay border crossing in Tijuana, Mexico May 31, 2019. Jorge Duenes | REUTERS DETROIT – Shares of automakers General Motors and Stellantis fell Tuesday morning after President-elect Donald Trump threatened to put 25% […]
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The auto industry is pulling back on its ‘capital junkie’ tendencies after unprecedented spending on EVs, self-driving
Electric vehicle start-up Lucid on Sept. 28, 2021 said production of its first cars for customers has started at its factory in in Casa Grande, Arizona. Lucid DETROIT — The auto industry has an addiction. It’s a “capital junkie” that’s been on a yearslong binge of unprecedented spending on all-electric and autonomous vehicles. And now, […]
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CNBC Daily Open: Expectations can move shares in strange ways — just look at Nvidia
The Nvidia headquarters in Santa Clara, California, in November 2024. David Paul Morris | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can […]
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The world’s auto giants will need to partner with Chinese companies to survive in China, analysts say
EV cars are pictured inside BYD’s first electric vehicle (EV) factory in Southeast Asia, a fast-growing regional EV market where it has become the dominant player, in Rayong, Thailand, July 4, 2024. Chalinee Thirasupa | Reuters BEIJING — Time is running out for traditional foreign automakers to adapt to China’s electric car market, signaling to […]
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GM lays off 1,000 employees amid reorganization, cost-cutting
The GM logo is seen on the facade of the General Motors headquarters in Detroit on March 16, 2021. Rebecca Cook | Reuters DETROIT – General Motors laid off roughly 1,000 employees on Friday as the automaker attempts to cut costs and realign priorities amid changing market conditions, according to a person familiar with the […]
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Trump’s transition team aims to kill Biden EV tax credit: Reuters
U.S. President Joe Biden answers questions from reporters after driving a Jeep Wrangler Rubicon Xe around the White House driveway following remarks during an event on the South Lawn of the White House on Aug. 5, 2021, in Washington, D.C. Biden delivered remarks on the administration’s efforts to strengthen American leadership on clean cars and […]
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GM’s newest EV is a Cadillac ‘baby Escalade’ called Vistiq
2026 Cadillac Vistiq EV GM DETROIT — General Motors‘ newest all-electric vehicle is a three-row SUV for its Cadillac luxury line, which the brand is dubbing a “baby Escalade.” The 2026 Cadillac Vistiq will be the last in a lineup of new EVs in the brand’s portfolio when it goes into production and arrives in dealer […]
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GM’s Wall Street vindication is happening as it outperforms its peers in 2024
Mary Barra, chair and chief executive officer of General Motors Co., during a news conference at the Hudson’s building in Detroit, Michigan, US, on Monday, April 15, 2024. Jeff Kowalsky | Bloomberg | Getty Images DETROIT — General Motors is proving it’s a standout among automakers this year as it continues to consistently outperform Wall […]
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These stocks have major upside because of potential Trump policies, analysts say
Wall Street analysts are looking ahead to President-elect Donald Trump’s return to the White House, and many stocks could be poised to benefit. CNBC Pro combed through the most recent Wall Street research to find companies analysts really like heading into 2025 based on potential Trump policies. They include General Motors, Ford Motor, Robinhood , […]
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CNBC Daily Open: The Trump rally kicks off
Republican presidential nominee and former U.S. President Donald Trump speaks at a campaign rally at Santander Arena in Reading, Pennsylvania, U.S., November 4, 2024. Brian Snyder | Reuters This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no […]
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