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Tag: GM
Trump Administration Looks to Take Steps to Ease Pain From Car Tariffs
The Trump administration said it plans to announce measures as early as Tuesday to ease the effects of tariffs on imported cars and car parts to give automakers more time to relocate production to the United States. Tariffs of 25 percent on imported vehicles and on auto parts will remain in place. But the tariffs… Continue reading Trump Administration Looks to Take Steps to Ease Pain From Car Tariffs
G.M. Withdraws Profit Forecast as Trump Tariffs Take a Toll
General Motors is abandoning a previous forecast for solid profit growth this year as a result of the uncertainty created by President Trump’s trade policies, the automaker said on Tuesday. The Trump administration imposed a 25 percent tariffs on imported cars this month and has said it will impose a 25 percent duty on imported… Continue reading G.M. Withdraws Profit Forecast as Trump Tariffs Take a Toll
Trump signs order easing some auto tariffs
Autoworkers at Nissan’s Smyrna Vehicle Assembly Plant in Tennessee, June 6, 2022. The plant employs thousands of people and produces a variety of vehicles, including the Leaf EV and Rogue crossover. Michael Wayland / CNBC DETROIT — President Donald Trump on Tuesday signed an executive order softening some of the automotive tariffs his administration put… Continue reading Trump signs order easing some auto tariffs
General Motors beats Wall Street estimates, reassesses full-year guidance amid auto tariffs
DETROIT — General Motors beat Wall Street’s first-quarter expectations but is reassessing its 2025 financial guidance and suspending any additional stock buybacks amid expected cost increases and industry uncertainty regarding Donald Trump‘s ongoing auto tariffs. Here’s how the company performed in the first quarter, compared with average estimates compiled by LSEG: Earnings per share: $2.78… Continue reading General Motors beats Wall Street estimates, reassesses full-year guidance amid auto tariffs
ChargePoint’s EV Chargers Can Transform the Game
Public DC fast charging hogs the EV spotlight. Automakers and charging providers vie for bragging rights and ever-shorter recharging stops, with the latest models topping out at 1 megawatt. But for a vast majority of EV owners, home is where the charging happens, often at a thumb-twiddling pace. And ChargePoint has unveiled a lineup of… Continue reading ChargePoint’s EV Chargers Can Transform the Game
Automotive dealer Anil Garg of Shiva Auto passes away
Industry veterans say Garg’s contributions to the auto dealership ecosystem leave a lasting imprint, both through the scale of his enterprise and the values he instilled in it. New Delhi: Anil Garg, the founder of the Noida and NCR-based dealership conglomerate Shiva Auto Group, passed away on Tuesday morning. Garg began his entrepreneurial journey in… Continue reading Automotive dealer Anil Garg of Shiva Auto passes away
Bharat Forge shares in focus as Trump plans to ease auto tariff impact
Trump had earlier stated that he planned to impose the 25% tariffs on auto parts no later than May 3. Bharat Forge shares are likely to be in focus on Tuesday after U.S. officials announced that President Donald Trump’s administration would move to reduce the impact of proposed automotive tariffs. The move aims to ease… Continue reading Bharat Forge shares in focus as Trump plans to ease auto tariff impact
GM pauses share buybacks over Trump tariff uncertainty
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German Manager Magazin: Trump will probably reduce US car tariffs on Tuesday 004159
US President Donald Trump (78) Before his trip to Michigan, the effects of the US tariffs will reduce the auto industry. This report US government officials. Trump wants to celebrate his first 100 days in office in the US state of Michigan on Wednesday. Three large US car manufacturers and more than 1000 car suppliers… Continue reading German Manager Magazin: Trump will probably reduce US car tariffs on Tuesday 004159