General Dynamics is set to supply new procurement spares to support Columbia ballistic missile submarine class development, production and installation.
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 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.
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General Motors (GM) concluded the recent trading session at $43.54, signifying a -1.45% move from its prior day's close.
General Motors revealed an all-electric Chevrolet Corvette concept car as part of the opening of a new design studio in England. The automaker said the car, which is a "design study" not intended to be a production model, is part of its "commitment to Europe.
U.S. Attorney General Pam Bondi sent a letter of assurance to Apple officials that the company should act in accordance with Trump's TikTok extension, according to a Bloomberg News report. President Donald Trump extended the divestiture deadline for U.S. operations for at least 75 days.
GM sells 442,000 vehicles in China in Q1, almost flat year over year but down sequentially. With rising local competition, GM faces a tough battle ahead.
GM CEO Mary Barra hinted at this shift during an earnings call earlier this year, emphasizing the company's capacity to adapt.
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GM is set to sell its entire stake in the Lansing, MI, battery plant to LG Energy for about $2.08 billion to scale back EV expansion due to slowing sales.
General Motors is adding several hundred temporary workers to its Fort Wayne, Indiana, plant as it seeks to boost production of its light-duty trucks in the U.S.