Apr 10, 2025 General Motors (GM) has announced a temporary layoff of 200 employees at its all-electric Factory Zero assembly plant in Detroit. This decision, as reported by FOX Business, comes as the company aligns its production with current market demands. The plant, which has seen an investment of over $2.5 billion and employs approximately…
Auto stocks continued their downward slide on Monday as the sector, heavily exposed to tariffs, looks for a bottom. Domestic automakers like General Motors (GM), Stellantis (STLA), Ford (F), and Tesla (TSLA) all slipped on Monday as fallout from Trump’s 25% auto tariffs weighed heavily on a sector looking for a lifeline. Tariffs on auto…
President Trump has said that “tariffs are the greatest thing ever invented.” For someone who once called himself a “tariff man,” tariffs are the solutions to many economic problems. He has argued that imposing tariffs would protect American factories, spur manufacturing, create new jobs and bend uncooperative governments to his will. Since his inauguration, while…
• Trump tariff “Liberation Day” and the latest jobs report loom in the week ahead. • ExxonMobil appears well-positioned to capitalize on the changing dynamics of energy trade. • General Motors is expected to face challenges due to the new tariffs set to be unveiled, potentially making it a stock to sell. • Looking for…
Automakers can respond to President Trump’s new 25 percent tariffs on imported cars and parts in several ways. But all of them cost money and will lead to higher car prices, analysts say. Manufacturers can try to move production from countries like Mexico to the United States. They can try to increase the number of…
President Trump and his supporters have clashed with mainstream economists for years about the merits of tariffs. Now, the world will get to see who is right, as the president’s sweeping levies on automobiles and auto parts play out in a real-time experiment on the global economy. In Mr. Trump’s telling, tariffs have a straightforward…
The tariffs on cars and auto parts that President Trump announced on Wednesday will have far-reaching effects on automakers in the United States and abroad. But there will be important differences based on the circumstances of each company. Tesla The company run by Mr. Trump’s confidant, Elon Musk, makes the cars it sells in the…
Photo: Michael M. Santiago (Getty Images) Stocks fell Thursday morning after President Donald Trump imposed 25% tariffs on imported autos Wednesday evening and European equities declined. The S&P 500 declined 0.6%, the Nasdaq Composite slid 0.8% and the Dow Jones Industrial Average lost 257 points, or 0.6%. General Motors (GM) stock plunged more than 8%,…
Tesla could be a winner from the auto tariffs announced by President Trump on Wednesday — or at least suffer less than its competitors. Tesla, whose chief executive, Elon Musk, has taken a leading role in the Trump administration, makes all the cars that it sells in the United States in California and Texas. That…
Benzinga | Detroit Free Press Wall Street remained on edge as investors adopted a cautious stance amid an increasingly uncertain economic outlook this past week. At its March meeting, the Federal Reserve kept interest rates unchanged at 4.25%-4.50%, signaling “no rush” to adjust its monetary policy. Yet, the central bank’s latest economic projections painted a…