GM Stock Drops 9 Percent Following Trump Import Tariff Threat
GM shares dropped about 9 percent in trading after President-elect Donald Trump announced likely 25-percent tariffs on imports from Canada and Mexico.
Why GM, Ford stocks are falling after Trump’s tariff plan for Mexico and Canada
Shares of General Motors Co. and Ford Motor Co. were selling off Tuesday, as president-elect Donald Trump’s new tariff threat fueled concerns that a “meaningful” number of auto sales will be lost. Late Monday,
Trump’s Tariff Plan Threatens Higher US Gasoline Prices
US motorists should brace for a hike in gasoline prices under the incoming Trump administration plans to slap tariffs on imports of products from Canada and Mexico.
Dollar rebounds on Trump tariff warning; stocks point lower
The dollar rose against major peers on Tuesday after U.S. President-elect Donald Trump threatened Canada and Mexico with a 25% tariff on all imports into the United States. Stocks were weak after strong gains globally in the previous session following fund manager Scott Bessent being nominated as Treasury Secretary,
Trump Tariff Fears Hit Auto Stocks
General Motors, Ford and Stellantis shares slid Tuesday after President-elect Trump threatened 25% tariffs on all imports from Canada and Mexico. The move by the new administration would likely stop American car demand in its tracks,
Mexico Warns Trump His Steep Tariffs Will Hammer the US Economy
That’s what the steep tariffs Donald Trump is threatening to slap on his neighbors will mean for the US, according to Mexico’s government.
US trade partners warn Trump tariffs would harm all involved
In their initial round of responses to Trump's surprise announcement on Monday for a 25% tariff on imports from Canada and Mexico and an additional 10% levy on Chinese goods until they clamped down on illicit drugs and migrants crossing the border,
Oil producers warn Trump tariffs on Canada will push up US petrol prices
Donald Trump’s plan to slap punitive tariffs on Canadian imports will drive up prices for American motorists, oil producers warned, as companies scrambled to respond to the US president-elect’s threats.
General Motors Cuts 1,000 Jobs Amid $2 Billion Cost Savings
General Motors ( GM) has announced plans to lay off approximately 1,000 employees worldwide as part of a plan to reduce fixed ...
Cadillac coming to Formula One racing in 2026
A Cadillac team is set to compete in Formula One in 2026, with racing legend Mario Andretti playing a key role.
GM has a deal to bring a new Cadillac F1 team to the grid
General Motors has a deal to join Formula 1 under the Cadillac brand and participate in the FIA Formula One World ...
The new GM-Cadillac F1 team, explained
One team, to be exact. F1 announced on Monday that an agreement in principle has been reached and that a General ...
Formula 1 expands grid as General Motors to become the 11th team in 2026
Formula One announced Monday that “an agreement in principle” has been reached “with General Motors to support bringing ...
It’s Official: Cadillac Will Race in Formula 1 Starting in 2026
Formula 1 and General Motors reached a deal for Cadillac to start racing in 2026. The competition previously said it would ...
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GM, developer confirm office tower demolition intentions
A plan backed by General Motors and developer Bedrock would see two downtown Detroit Renaissance Center towers taken down.
Formula 1 agrees to GM joining grid for 2026 season
Formula 1 has confirmed that it has reached an agreement in principle with General Motors to add an 11th team to the grid for ...
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Ricciardo F1 RETURN handed major boost by shock announcement
After years of American giant Andretti Global pushing to join the sport, F1 have confirmed that a new entry bid has been ...
F1 agrees in principle to add General Motors to grid in 2026
Formula 1 announced on Monday it agreed in principle to add a General Motors-partnered team to the grid in 2026, expanding ...