General Motors CEO Mary Barra has said she hopes tariffs can be avoided, as Mexican President Claudia Sheinbaum has signaled that authorities are "working and holding conversations to take the necessa
Trump’s promised 25% tariffs on imports from Canada and Mexico are set to take effect Saturday, pushing automakers to adjust production plans.
North American car companies have operated across borders for three decades. Tariffs would raise prices and cost jobs in the short run, analysts say.
Restructuring charges led to a fourth-quarter net loss. The result marred what was a relatively strong year for the automaker.
GM is returning the production schedule at its Ramos Arizpe plant in Mexico to two shifts rather than the three shifts begun in May 2024, with 800 jobs cut.
STORY: "Other countries charge us tariffs. We don't charge them tariffs. It's about time that changes."U.S. President Donald Trump on Saturday will implement 25% tariffs against Canada and Mexico, and 10% on Chinese goods.
A safe strategy to avoid tariffs is to assemble vehicles in the US, like Hyundai is doing with the Ioniq 9 EV in Ellabell, Georgia (above). GM has said its assembly plant flexibil
GM says it's ready with several plans if Trump imposes threatened 25-percent tariffs on imports from Canada and Mexico, to mitigate both pickup and EV effects.
There’s been a lot of apprehension about when and if these tariffs will ever actually be implemented. Trump promised to impose those duties on day one of his new administration. That didn’t happen. Instead,
American Axle spun off from GM in 1996, nearly crashed during the recession and, with a $1.4 billion buy of UK's Dowlais, continues its growth.
GM repurchased more than $7 billion in stock in 2024 and more than $11 billion in 2023. Repurchases have played a key role in boosting GM's profits by reducing shares outstanding and, by extension, supporting a higher stock price.