1 Way Tariffs Could Cripple GM for Investors
The markets received good news when it was announced that President Donald Trump would pause reciprocal tariffs on most countries for 90 days and is opting to implement a base 10% tariff on most goods. Automakers, however, didn't catch a break as the pause didn't extend to the 25% duty on vehicle imports.
General Motors to Suspend Production, Lay Off 500 at Electric Vehicle Plant in Ontario
General Motors has temporarily halted production of its BrightDrop electric delivery van as the automaker will initiate temporary layoffs starting April 14 and workers will return in May for limited production.
GM cuts 500 jobs because of weak demand for BrightDrop electric vans
General Motors is laying off 500 workers at a factory in Canada because of weak demand for its all-electric BrightDrop vans, according to CNBC.
GM cutting jobs, idling Canadian electric van plant due to 'market demand'
General Motors is cutting production of its all-electric delivery vans at a plant in Canada ahead of idling the facility through much of this year. The plant will be reduced from two to one shifts, eliminating 500 jobs.
Dollar General Remains A Discounted Play
Dollar General has outperformed the market, with shares up 22.5% amid economic uncertainty. Despite some signs of weakness, Dollar General's sales and store count have grown, and shares remain attractively priced. The company's profitability has been challenged by rising costs and impairment charges, but long-term growth prospects remain positive.
General Motors downgraded by UBS amid tariff uncertainty
General Motors Company (NYSE:GM) has been downgraded to ‘Neutral' from ‘Buy' by analysts at UBS, who also slashed their price target on the automaker to $51 from $64 to reflect the impact of tariffs on cost structure and auto demand. For 2025, the analysts now assume General Motors' North America volumes will decline 9% year-over-year, down another 4% in 2026.
GM temporarily lays off 200 workers at all-EV plant
General Motors said Thursday that it is temporarily laying off hundreds of workers at its all EV-plant in Detroit, Michigan, in response to market dynamics.
General Motors laying off 200 Detroit employees in electric car factory
About 200 workers at the plant will be temporarily laid off, according to a company source. The move is not related to recently imposed auto tariffs, according to the source.
GM's costs for cars made in Mexico or Canada to rise steeply — and that won't be good for business
General Motors Co. is facing higher costs and lower demand that may eat into the auto giant's profits under the tariff program imposed by President Donald Trump, UBS analysts said Thursday.
General Dynamics Wins Contract to Aid Columbia Class Submarine Program
General Dynamics is set to supply new procurement spares to support Columbia ballistic missile submarine class development, production and installation.
General Motors: When Good News Isn't Good Enough
The specifics of those plans are chilling for the auto industry's 2025 profits. As of April 3, a 25% tariff is now in effect on any vehicle not assembled in the United States.
GM axing Cadillac XT6 crossover, extending production of another vehicle in Tennessee
GM is ending production this year of the gasoline-powered Cadillac XT6 at its Spring Hill Assembly plant toward the end of this year. The automaker will continue to produce a smaller Cadillac crossover, the XT5, until at least the end of 2026.
