auto industry

stellantis-halts-production-in-canada-and-mexico

World

4 weeks ago

Stellantis Halts Production in Canada and Mexico

900 U.S. Workers Temporarily Laid Off as Company Adjusts to New Tariffs Automaker Stellantis, which owns brands like Jeep, Citroën, and Ram, has announced it will temporarily halt production at two of

gm-plans-to-offset-up-to-50%-of-trump’s-auto-tariffs

Business

3 months ago

GM Plans to Offset Up to 50% of Trump’s Auto Tariffs

General Motors (GM) CEO Mary Barra said Tuesday that the company has contingency plans in place to mitigate between 30% and 50% of the potential tariffs President Donald Trump is threatening to

gm-stock-falls-as-tariff-concerns-cloud-strong-outlook

Investing

3 months ago

GM Stock Falls as Tariff Concerns Cloud Strong Outlook

General Motors (GM) saw its stock drop 8% today despite issuing higher-than-expected profit guidance for 2025. The decline comes as investors react to the automaker’s acknowledgment that its outlook excludes the potential

China Expands Consumer Subsidies to Boost Spending

China has doubled its consumer trade-in subsidies to 300 billion yuan ($41.47 billion) in 2025, targeting specific goods while avoiding direct cash handouts. The program, which covers mid-range smartphones and home appliances,

2 months ago

Economy

Volkswagen and Stellantis Avoid Tariffs While BMW Faces Levies

Automakers Volkswagen and Stellantis have confirmed that their North American-made vehicles will be exempt from U.S. President Donald Trump’s newly imposed 25% tariffs. Meanwhile, BMW has stated that it will face levies,

2 months ago

Business