Tag: GM

Michigan autoworkers wary of Trump’s tariffs: ‘Playing poker with people’s lives’

Employees work at the General Motors Flint Assembly plant in Michigan in 2019. Photograph: Jeff Kowalsky/AFP via Getty Images View image in fullscreen Employees work at the General Motors Flint Assembly plant in Michigan in 2019. Photograph: Jeff Kowalsky/AFP via Getty Images Michigan autoworkers wary of Trump’s tariffs: ‘Playing poker with people’s lives’ Residents in… Continue reading Michigan autoworkers wary of Trump’s tariffs: ‘Playing poker with people’s lives’

BrightDrop production paused due to slow demand – it’s still the best EV deal going

A Unifor union rep at the Ontario production facility where GM builds the all electric Chevy BrightDrop van is temporarily halting production of the commercial EV due to slow sales – but with massive discounts, Costco member programs, and state and utility incentives driving costs well below its diesel competitors, it might still be the best… Continue reading BrightDrop production paused due to slow demand – it’s still the best EV deal going

Trump’s ongoing 25% auto tariffs expected to cut sales by millions, cost $100 billion

Autoworkers at Nissan’s Smyrna Vehicle Assembly Plant in Tennessee, June 6, 2022. The plant employs more than 7,000 people and produces a variety of vehicles, including the Leaf EV and Rogue crossover. Michael Wayland / CNBC DETROIT — As President Donald Trump‘s 25% tariffs on imported vehicles remain in effect despite a pullback this week… Continue reading Trump’s ongoing 25% auto tariffs expected to cut sales by millions, cost $100 billion

Prada to acquire Versace, CarMax reports mixed Q4 results: Morning Buzz

The major averages were sharply lower near noon, curtailing some of yesterday’s sharp gains after President Donald Trump announced a 90-day pause on some of his “reciprocal” tariffs, despite announcing an increase on the cumulative tariff rate on Chinese imports. Despite the temporary relief from the tariff suspension, market sentiment remains cautious. Looking to commodities,… Continue reading Prada to acquire Versace, CarMax reports mixed Q4 results: Morning Buzz

Trump’s 25% auto tariffs could cost US automakers $108 billion, study finds

For imported vehicles, the study found the average tariff cost per vehicle to be $8,722 for the overall industry and $8,641 for the Detroit Three. A new analysis by the Center for Automotive Research has found that President Donald Trump’s 25% auto tariffs imposed in early April will increase costs by about $108 billion for… Continue reading Trump’s 25% auto tariffs could cost US automakers $108 billion, study finds

New GM, Porsche and Honda EVs boost US sales: Here’s a look at the top sellers in Q1

With new models rolling out from General Motors, Porsche, Honda, and several others, US EV sales increased by over 10% in the first three months of 2025. Nearly 300,000 EVs were sold in the first quarter of 2025. These were the top-selling models. New EVs drive US sales growth in Q1 2025 Electric vehicle sales… Continue reading New GM, Porsche and Honda EVs boost US sales: Here’s a look at the top sellers in Q1

Tesla’s US sales are worse than what is reported, here’s more accurate data

Tesla’s electric vehicle sales in the US are worse than what the media is reporting right now. That’s partly because Tesla is hiding its sales. Here’s more accurate data. Today, you might see many headlines about Tesla’s US sales based on Cox Automotive’s Q1 2025 US electric vehicle sales report. The main problem with this… Continue reading Tesla’s US sales are worse than what is reported, here’s more accurate data

GM cutting jobs, idling Canadian electric van plant due to ‘market demand’

Brightdrop EV600 van Source: Brightdrop DETROIT — General Motors is cutting production of its all-electric BrightDrop delivery vans at a plant in Canada and will idle the facility through much of 2025, the company confirmed Friday. The CAMI assembly plant in Ingersoll, Ontario, will be reduced from two shifts to one — eliminating 500 jobs… Continue reading GM cutting jobs, idling Canadian electric van plant due to ‘market demand’